Gilpin observer., 1909-09-02
Reopenins Of Golden smeIter.

l
The carpenter smebter Is to be re
opened, and that right soon. Thi:
is authentic.
With the recent return of H, A
Reidel, OF the Reidel Investment com
pany, from the east, and the visit in
Colorado of the attorney for the Berr
estate, all matters pertaining to the
transfer Of the smelter property to
the North American Smelter and
Mines company were practically
settled. On Wednesday of next week.
September 1, the actual transfer will
be made. Immediately thereafter work
will begin upon necessary alterations
and repairs, and October l, at the
latest will see smoke issuing from
the big stack at the eastern edge of
Golden, with approximately 12O men
working on the three shifts.
Some local people had commenced
to believe that because nothing was
given out as to the company's move
ments. negotiations had falle n
through. Mr.. Reidel proposed that
everything should be done thoroughly
or net at all, and that when the
smefter began to operate it would
take something very much out of the
| ordinary to shut 1t down. On his last
trip he succeeded in interesting ample
capital to swing everything connect
ed with the mammoth proposition
Among the directorate and stockhold-
ers are some of the wealthiest east
ern manufacturers and Southern
planters, a majority of whom have
personally investigated the smelter,
sampler and mining properties of the
North American Smelter G Mines
company. They have taken sufficient
stock to place the company on
solid financial basis because they
,, believe it good business proposition.
Up in Clear Creek county the peo-
pie have faith in Mr.. Reidel and his
company for the reason that he has
gone about it in business way, TAX
ing time to work out any of the diff
culties encountered. In organizing the
North American he included some ex-
cellent mines, as well as some of the
best prospects in the district, all
easily worked through the new tun-
mel systems. Recently the company
took over the Kilton sampling works
at Idaho Springs, paying real money
! therefor, which naturally inspired cor.
fidence. Next Wednesday the Carpen-
ter smelter in this city will be added
to the companys holdings, and this
transaction will also be closed with
coin of the realm.
Tuesday Mr.. Reidel, Col. A. ].
Trone, of Louisiana, one Of the prin-
cipal stockholders, and C. E. New
meyer, also a member of the COM
pany, were in Golden and gave the
facts to the Transcript. They visited
tion regarding the advisability of
changing the plant from steam to
electric power. 1t is thought that con-
siderable saving can be affected in
Wills "os, do ~ 10 Saoy "
connect with the Central Colorado
Power company lines.
Mines belonging to the company
will furnish bulk of the ores to be
treated, but contracts have been
signed with operators Of several prop
critics in Clear Creek and Gilpin coun.
ties that give absolute guarantee of
the local permanency. With the Col.
den smelter running. many low grade
propositions in these districts that
are now idle may be worked pro-
fitably. so it will be a big boost not
only for this city, but for the min
ing country in the vicinity.
J. H. Robson. the well known min.
ing man, is to be one Of the con.
sulting engineers, and Fred II. Ney,
who served two terms as state mine
inspector. is purchasing agent and in
charge Of the sampler at Idaho
Springs. The matter Of smelter
superintendent has not yet been def.
nitely decided. but the position will
fall to one Of three men well known
in the metallurgical world. whose
respective merits are now being care
fully weighed.-Go!den Transcript.