Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-12-19

Garfield Smelling company notified
Your company could not, agree to, for
defer these questions for 80 days, which
your company could .ot agree to-, for
the reason that certain options upon
land adjoining the smelter site owned
by your company expired Oct. 1. Your
company, however, agreed to q post
ponement until Sept. II upon the con-
dition that its contract should run for
Is months from that date, On Sept
20, the Garfield Smelling company
notified your company that it could
not change any conditions OF the ex-
listing contract, but would make con-
tract for five years, but not on any
more favorable terms to your company
Your company Immediately as a pro-
lection, exercised its options on the
lands adjoining its new smelter site.
Your company has now entered into
a contract with w. D. Thornton OF
Butte for the smelling Of its ores for a
period of 10 years, commencing April.
1910. the proper performance of which
contract is guaranteed by four persons
acceptable to your board OF directors.
Under the provision of this contract Mr.
Thornton agrees:
Il. To erect a smelling plant IN
Tooe1e county, Utah. to be in operation
by April, 1910, and treat the output
OF your company's mines up to 1000
lois pei udS hl u rate winch Is Of .bv
cents per ton more favorable to your
company than the contract now existing
with the Garfield Smelling company.
t2. To acquire from your company,
at cost. all the lands and options it
has acquired In Tooele county.
80. To give your company an option
upon any part OF 100000 par value Of
the capital stock of the company to be
formed to operate the new smelter, up
20, r Ia fe&y -, t,aS
tended to any other taker or subscirb-
er to stock.
''The cost to your company OF trans
porting ore to the Tooele smelter will
not exceed Is cents per ton.
"All figures in connection with the
existing contract and that entered into
with Mr.. Thornton have been approved
by e. P. Mathewson Of Anaconda, your
company's consulting engineer.
Upon the basis of your company's
present output Of ore. 500 tons per
day. the contract entered into with Mr..
Thornton will result In a saving to
your company, as compared with the
contract now In existence, of over
ss00G per annum. or 81 per share
upon the capital stock OF your COM
'patly.
SOME CHIEF EVENTS.
! ne gCOilStl uCtlStI 1IiA plstClllE ltilc CUM
mission of the Tintic smelter. the for
nation of the Independent Smelling
company and the purchase by 1t of the
smelter near Ogden; the starting Of
the great concentrating mills at Garfield
! owned by the Utah Copper and Boston
Consolidated companies, which have a
combined capacity for the treatm OF
1900 tons OF ore from Bingham per day
and the announcement OF the plans 70
build smelter on the Utah Consoli-
dated site In Tooele county We're
among the. chief events of the year
affecting the welfare of the mining in
dustry Of Utah. None the less import
ant. however, was the metallurgical
triumph Of the United States Smelling.
Refining & Mining company, In solving
the problem OF smoke conservation at
It's srnelter located at Bingham juno
ton. The United States company spent
a fortune for experimental purposes