The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1908-07-31
INTERESTING IF TRUE
IS SALT LAKE GOSSIP

1t Is apparent tina. there have
been some extremely interesting and
significant things happening during
the month of July for the Boston
Consolidated company. says the
Salt Lake Tribune. From advices
that come from the east il is evident
that Samuel Newhouse and the Gug-
genheims have been brought pretty
close together, the latest report pur-
porting to come from Mr. Newnouse
himself, being that A. Chester Beatty
Is to become the consulting engineer
for the Boston Consolidated. also
member of the official family
As Is known to every one, Dir.
Beatty stepped into the shoes of
John Hayes Hammond when the
latter quit the Guggenheim service.
bringing Mr.. Beatty to the powers
that be in the Guggenheim circles.
just as Mr.. Hammond was for so
many years. The report that Mr..
Beatty IS to be consulting engineer
is taken in western circles to mean
that the Guggenheims have become
identified with the Boston. Consoli-
dated Ia no small way
Bearing out this belief is the new
ore contract which the Boston Con-
solidated company has secured with
the American Smelling and Refining
company. 1t has been an Open secret
IN the west for months that the con-
tract With the Guggenheims smelt-
ing organization, under which the
concentrates from the Boston Con-
solidated new Grafield concentrating
plant yere TO be marketed. vas
based on silieious product, when
the real product from the mill carried
Ia excess OF iron over the silica.
The penalty on this iron, therefore,
prevented the marketing OF the mills
product at a profit, making absolute
~ necessary a new contract by which
the iron contents Of she concentrates
were to BE- considered less in penal
light
That peace was brewing between
the Guggenheims and Mr. Newhouse
vas tirst apparent several months
| ago liz an interchange OF sentiment
between Daniel GHggenheim aud Mr.
Newhouse. the same being published
here. Two years OF SO before that,
these two copper masnate net in
this city In the effort to bring about
consolidation Of the Boston Con-
solidated and the Utah Copper or
ganizations. There was one meeting
between the gentlemen, and 1t vas of
no avail. OF late the rumor OF con-
solidation between the tSo COM
panies, In which the Nevada Consoli-
dated and Cumberland Ely companies
OF Nevada are prominently mention
ed. has been coming from the east
again. and it has assumed a more
| logical aspect since the establish
ment Of the entente eordiale" be-
tween the tgo interests above
! mentioned
The nes understanding is favor
ably received out west. That it has
had beneheent influence on the
stock + apparent from the way the
Boston Consolidated stock has an
seered during the past few days.
And that the new SIN citing contract
means more than a mere rearrange-
tnent OF details is apparent to practt-
eally eyery one out west who has kept
closely IN touch With the Garfield en-
terprisess 1t is good thing for Utah
/ Just as peace Is good thing for any
state In any line Of endeayor
In the meantime. the Boston Con-
solidated enterprise i assuming
better shape each new day The
mine at Bingham Is being placed in
condition to give Up its porphyry ores
properly. which has been one big
! trouble In the path OF advancement
for months. while the mill at Garfield
Is pronounced by every one who has
visited ii one of the greatest
metallurgieal successes to the credit
Of Utah milling It Is logical now
for the Boston 70 begin its career as
copper producing factor OF the
country