The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1922-12-02
EUREKA SMELLING CO.
DESIGNS NOW READY

NAM Journal, Nov. 81: Robert
Todd OF Reno, who is now In New
Work city, writes that +. L. Torres.
.,asnt Of the Eureka Smelling &
s.,.,,s Company, has passed on the
.,.ns Of the smelter and that work is
- he started at once. AS published
= ,hsse columns months ago, the
r,rsta Smelling and Mining Com
..,v was Incorporated to take over
~ Eureka-Nevada railroad running
go, Palisade to Eureka, the Eu-
...-croesus and some other mining
..o,erties in Eureka. The smelter
!. "a he of $500 tons daily capacity
IA will treat the ores from the prop
..,,ss taken over by the smelling
company and also as a custom mill
~,,, handle ores from other mines OF
the district.
President Torres. speaking Of the
.lsns OF the company, says: "All
aoubt as to the continuance and per-
n.seucy of the ores of the Eureka
croesus and adjoining mines have
haen dispelled by the favorable re-
oorts Of such eminent mining men as
Or. Lindgren. F. Lynwood Garrison.
Major Henry @. Catlin, e. Russell
Smith and others, whose reports are
accepted without question among the
mining fraternity.
mo district, to my knowledge, con-
taIns ore, which, as whole, are SO
ure-eminently adapted to smelling as
those encountered in the Eureka dis
trict. Iron, silica and lime are pres
ent in abundance In the Eureka ores,
all Of which carry gold. silver and
lead, giving them all of the requisites
necessary for successful and econom-
ieal smelling.
THE plans of the new company
have been laid conservatively. We
have been assured of sufficient ore to
keep the smelter going for a score or
more years, and with our operations
being carried on a large scale and In
an effective and economical manner.
Eureka is destined to experience In
the near future period of prosperity
greater than 1t ever witnessed in its
glorious and praiseworthy past"
Robert b. Todd is president of the
Eureka Prince. which is one of the
companies to be taken into the deal
with the Eureka Smelters. 1t is on
this and other matters that he Is now
In New York City. 1t is expected
that other announcements will be
made from the New York Office of
the Eureka Smelling within short
time. The plans for the smelter have
been drawn and IL Is now a matter of
putting them In effect. The Eureka
Nevada railroad is to be taken over
on January /. 1928.
SO far the only plan of consolida-
ton that has been announced is the
plan OF absorption Of the Eureka
Croesus. 1t will be on a basis OF
three shares Of Eureka-Croesus for
one share Of Eureka Smelling and
Mining Company's stock. Along with
this goes the privilege on the part of
the stockholders in Eureka-Croesus
to subscribe for an equal amount of
stock in the Eureka Smelling and
Mining Company's stock at a price of
81 q share.
President Torres, In his letter to
stockholders of Eureka Croesus, says
In substance that he considers this
right OF considerable value and asks
the Eureka-Croesus stockholders to
take advantage of it and thus become
a more important factor in the man
asement of the new company. He
says.
You will gain pro rata advan-
'ase In other properties of great val
ue and equal promise. You will get
your share of the profits to be made
oy the smelter in treating all the ores
VI the district and adjacent camps
and you will share in the large profits
certain to be earned by the railroad
anoer the new and vastly improved
conditions. You will escape the risks
incident to mining. l am unable to
lnd any reason why the amalgama-
aon should not be consummated.
me reasons why 1t should be are
many and compelling"