The Cordova daily times., 1918-01-26

IN OAh 70,
 ter A price had to be paid to Nature
 for the giving up of her treasures.
 Daniel Guggenheim, with the other brothers, slept in tents or wagons amid wild surroundings as often as under a
 roof. The food he frequently ate was food that would have been scorned by a negro slave. But the readiness of Daniel Guggenheim and the other brothers to undergo personal hardship was not the only reason they forged ahead. They had courage and judg- ment enough to engage the best and most expensive engineering and min ing brains prOCurable. Not only did they pay perhaps the largest salaries then known, but they shared results with those who made results possi-
 ble. From the time he first became an employer Daniel Guggenheim adopted this now popular but then revolutionary system. In this way the the Guggenheims could get their pick of the worlds mining, engineering and metallurgical talent.
 Not only so, but pains were taken to surround the workmen with, as com
 fortable conditions as circumstances
 would permit. Perhaps no family has
 built more schools, hospitals, churches and recreation halls for employees In
 inaccessible regions where itinerant entertainers never venture, the Gug-
 genheims' own welfare workers get
 up entertainments and other diver sions.
 The smelting industry was revolu-
 tionized by the Guggenheims. Before
 their advent smelling contracts inva- Iriably were made for only one year,
 smelting intreests being afraid to take the risk of advancing wages and ris-
 ing costs over a series of years. Dan-
 iel Guggenheim began taking five
 year, ten-year and even twenty-five
 year smelting contracts at prices which sometimes appeared suicidal at
 the time. But he was enough of a
 student of history, of science, of engi-
 neering, of chemistry, of transporta- , tion and of economic evolution to have faith amounting to conviction that i'm IpTOved processes would be devised to reduce smelling and mining costs suf. iciently to yield a profit in the future "If we cant discover scientific meth 7 ods to lower our costs long before this contract expires we deserve to lose our business" was how he expressed himself to one who questioned the ad visibility of a certain proposed con
 tract.
 When the Guggenheims embarked ir = the Utah Copper Company, in 1905 few people believed the property coulG be made to pay, the ore was of sucf low grade. Yet Daniel Guggenhein championed the building of a $6,OOO, 900 smelter and a $2,OOO,OOO copper E refining plant to handle material whicf previously had never been handled a a profit. It contained only 20 to 3( pounds of copper to pay all the ex r penses of mining, smelling, refining
 transportation, selling, etc His dar ing expenditure of this $8,OOO, ,OOO has
 proved one of the most profitable things the Guggenheims ever did a. the mine is now ranked as the second , largest in the world, and pays hand
 some dividends.
 . Then look at what the Guggenheims are doing in Chile. The Chile cooper property is essconced in remote bar
 ren. mountainous desert q.5On fee above sea level, in a region where
 rain has not fallen within the memory of man, where vegetation is unknown where water has to be carried a dis ' tance of forty miles to the mine. where power has to be transmitted a distance of eighty-tiye miles from the power house to the mines, where roads are where, in short, there is nothing to attract and everything
 to repel human beings. Into that for bidden region went the Guggenheims decided to spend many millions in
 making it habitable, at once set the necessary complex machinery in mo-
 tion-and today the Chile Copper Com pany has the largest developed body Of copper ore in the world.
 Having sowed wisely in the morn ing and noon of his life, he is now, in the afternoon, reaping a full harvest. B. c. Forbes in Leslies Weekly.