The Tucumcari news and Tucumcari times., 1919-12-18
TUCUMCAR| DECIDES
TO GO AFTER THE
NEW IRON SHELTER

The meeting Tuesday night at the
Norenberg Hotel to see whether Tu-
cumcari wants the smelter was at
tended by goodly number and from
the expressions of those who talked
it is understood that Tucumcari is for
the smelter.
H. Bonem was selected as chairman
and he called upon Mr.. Devor to open
the meeting which he did with few
remarks He told of his mining prop.
erty and the ore which tests better
than 60 per cent high n ade il on. He
said it costs less than so per ton TO
mine the ore and convert into pig iron.
The present market price of pig iron
is more than $40 per ton, which will
be better than 300 per cent profit af-
ter the smelter is built and handling
the ore. He is anxious that the smell
ter be located in Tucumcari, but there
are other towns bidding for it.
A. d. Goldenberg made a short talk
in favor of the smelter. He said he
was in favor of stimulating the town
by encouraging industries of this char
acter.
III IL JoItH' lIllIlh
logical point for smelter."
j. X. Wasson said he would sub.
scribe for $1,000 worth of stock or give
the company 10 acres Of land if the
freight and other rates are satisfac-
tory so Tucumcari can compete with
other smelters and it is proven to be
a profitable investment.
&. ID. Bceth told Of the development
of his mining claims by his sons and
more than "a half million tons Of ore
are in sight or available. Other es-
Inmates range up to "A million tons.
1t carries enough lime to make it prac-
tically sef-fluxing. He said IF this
ore can be shipped to Pueblo and made
into pig iron and steel products, it
would seem to me that smelter built
in Tucumcari would save about one
half the cost, therefore it is feasible
to build the smelter somewhere in this
vicinity" He said steel is based oh
iron and there will be Il market for
this product.
DR.. Scott gave his experience, hav-
ing lived in smeter district where
fuel was scarce and had to be ship
ped in. He said it seemed to him to
be quite logical to haul the ore to
the fuel.
Jos. Israel: I'VE should get to work
and build the smelter. ! am in favor
of the proposition if it is feasible
ID. T.. Bent: II am inclined to be-
lieve that smelter would be pay
ing proposition if operated properly.
If we feel that it will make good !
am in favor of it and will help make
it GO"
II. f. Stansbury said there was y
sufficient amount OF ore and the build
ing of smelter here is logical prop.
osition.
T. A. Muirhead said he came here
l3 years ago and had seen Tucumcari
20 through many storms and come out
in good shape and the citizenship is
always anxious to make this a real
city. The railroads and water, and
fuel are great assets. Agriculture is
not sure, | 1T he thinks Tucumcari is
especially situated for an industrial
center. He said I'VE have sunken
many thousands of dollars in PROPOSE
tions promoted by outsiders. When
you convince the citizens you will
have them with you
II. Goodman: IL am sure there is
plenty of ore. We have nothing to
lose but everything to gain. am in
favor Of the proposition.
J. A. Dykes asked Mr.. Devor how
much the citizens were supposed to
put up and how much is the company
to put up? Mr.. Devor then told of
the large force of men at work for
several months developing the mines
and the amount of ore already expos
ed, the value of the mines and the
selling of $l20,00O of the treasury
stock with which to build the smelter
and the stockholders would share in
the earnings of the company,
p. b. Henderlite likened the smell
ter TO railroad proposition, but in
stead of giving you. money you are
investing it in something that will
bring you big dividends which he es-
Inmates at better than 800 per cent
on the investment.
+. S. Paddock said he had perfected
a patent that would require iron and
steel TO manufacture the article in
question and he and associates are
looking for location where material
can be secured the cheapest and If n
smelter is built here they may decide
to locate in Tucumcari.
j. b. Porter told the men present he
thought they were making a mistake
by not jumping at this proposition.
After a number of talks and more
questions answered by Mr.. Devor, IL
was moved and seconded that Tucum-
carl go after the smelter and the bust
ness men will be given an opportunity
to buy as many shares as they care
for. 1t is expected that Tucumcar
will raise the money il the proposition
is made clear and it is proven to their
satisfaction the investment is good
one. The salesmen will be working II
Tucumcari next week.