Rock Island Argus., 1916-01-22

nickel in the Sudbury. Ontario, min
ing district, with large smelling plants
at Copper Cliff, Ontario, and extensive
plants at High Falls, On
tario, the title to the power plant be-
ing vested in the Huronian Co. Utd)
The company and its subsidiaries are
engaged in mining, smelling, and refin-
ing nickel and copper ores and selling
same in the form of ingot, shot, and
electrolytic; also manufacture nickel
salts. Company controls the process
of manufacture of what Is called Mon
ell metal" a natural alloy of nickel
and copper, produced from its Canad-
ian ores. This metal combines the very
high tensile strength of steel with the
ductility of copper, and is noncorros-
i've. This metal is supplied to the trade
as castings. rods, sheets, and so forth.
AS to whether the International
Nickel Co., is a war trafficker, the Wall
Street Journal, March %, 1915, has the
following to say:
"As result of the demand cor car
tridges and shells, the International
Nickel Co. is receiving annually large
orders for nickel. The metal is neces-
sary in the manufacture of the var
ious kinds of ammunition, and the var
lous manufacture of munitions, such
as Bethlehem Steel corporation, Rem
ington Arms, and Union Metallic Car
fridge Co., have found it necessary to
increase their supply Of nickel
Still referring to the firm of which
the president of the Navy league is the
head, the Wall Street Journal, April
6, 1915, said:
'As result of increase in orders
received recently by the International
Nickel company earnings on the COM
mon stock in the current fiscal year
begun this month are expected to set
new high record at II per cent or
better. Part of this great demand for
nickel is due to the introduction of d
cartridge projectile made exclusively
of copper and nickel INQUIRIES were
recently made for the placing of a
trial order for 100000 such bullets. .
The Wall Street Journal of May 22
reported that the business of the
Nickel Trust was soaring higher and
higher, and that the increase in bus
mess was mainly due to the war;
International Nickel advanced nine
points in one day. The Standard Cor
poration Service report for July Is,
1915, commenting on this advance,
said:
"The company's business continues
to increase from month to month, with
June being the best month on record,
and the quarter ended June 80 show
ing earnings at the rate of more than
20 per cent per annum.
THE rapid increase in the COM
pany's business is indirectly due to
the war, which has caused an abnor-
NAL demand for munitions and auto
mobiles, in both of which nickel is
used extensively. In addition to this
the record high prices for copper, OF
which metal the company produces
millions Of pounds annually, have
served to increase earnings"
! Nickel is used in the manufacture Of
submarines to a considerable extent
1t is made use of. according to tn,
Wall Street Journal, in the new cleo
trio batteries for submarines, invented
by Thomas A. Edison, which will pre-
vent the generation of chlorine gas
In this instance the nickel supplant.
lead. Another source of increased
revenue is the high price of copper
The company's ore recovery is esti
mated to be about 70 per cent nicke
and 30 per cent copper The compan,
owns the most extensive known
existing nickel ore deposits. Its pat
ented nickel lands in Ontario, Can
ada, cover 100000 acres, and in addi
tion to this the company owns tn,
town OF, Copper Cliff. 1t also own
the shares of the Societe Miniere Gale
donienne of New Caledonia, which
company owns extensive nickel lands
These lands, tits estimated, will fur
nish the company with at least G.
years ore supply. Earnings durin,
the months Of June, July and August
according to well-informed interests
were at the rate of between 25 De
cent and 80 per cent a year on tn
common stock.
Thus it will be seen that the hea
OF the Navy league has the nickel
plenty of 1t, enough to last for 6
= years. All that remains to be don
Is to get Uncle Sam to buy it. II Col
onel Thompson can manage to pu
through the Navy leagues propose
S5O0,OO0,000 bond issue for battle
ships, and SO forth, perhaps the Nick
ell trust will be able to pay even 5
per cent or 60 per cent on its com
mon stock. II there is any more prot
liable way for the head of tn
Nickel trust to spend his time tha
IN Washington pointing out to tn
senators and congressman the fright
ful insecurity of the nation, 1t woul
be interesting to know how he coul
do it. 1t need not be said that he
not a great patriot, and it cannot b
said that he is not great bushes
man. 1t is not every man who ca
make patriotism business and max
1t pay 20 per cent or 30 per cent,
Ito Be Continued.)
n ON c0TTNTV pEn0pnc