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From the Croxley Furnaces, from Wilson's Coal-pits, from the Heartsease Mine, from the Dodd Mills, from the Leverworth Smelters the workmen came trooping, each with his fox-terrier or his lurcher at his heels.
They bought Reading at 118, American Smelters at 126, Pennsylvania at 130, Union at 145, and Northern Pacific at 180. At one time John had five hundred and fifty thousand dollars in bonds out of the vaults.
The great plant of the Howdy-do mine disseminated enthusiasm in shaking vibrations. Milled enthusiasm stood about in cars, ready for the smelters.
Who built the courthouse and the red brick schoolhouse, with nine school-teachers fresh from Connecticut? Who planned the new depot? Who got a new leather lounge for the managin' editor of our daily newspaper? Who built the three new smelters?
They hurried away up the frozen river and in fifteen minutes came upon a row of low sheds. The doors were locked, but to his great surprise Johnny discovered that his companion had the keys. They were soon walking through dark aisles, on each side of which were piled parts of mining machines of every description, crushers, rollers, smelters and various accessories connected with quartz mining.
Indeed, there is comparatively little incentive now for a prospector to set out in Arizona, because if he chances to stumble on a really rich prospect, and attempts to work it himself, he is likely to be so browbeaten that he is finally forced to sell out to some large concern. There are only a few smelters in or near the State and these are controlled by large mining companies.
"I've handled more big jobs than any man of my age and experience on the road, and yet I'm fired." The husband sighed wearily. "I built that big pipe line in Portland; I sold those smelters in Anaconda, and the cyanide tanks for the Highland Girl. Yes, and a lot of other jobs, too. I know all about the smelter business, but that's no sign I can sell electric belts or corn salve.
The express company concealed the amount of money lost to the robbers, but smelters, who were aware of certain retorts in transit by this train, were not so silent. These smelter products were in gold retorts of such a size that they could be made away with as easily as though they had reached the mint and been coined.
Long trains of steel ore-cars received the precious concentrates and bore them off to the distant smelters, and at last there came the day when the steady outpay ceased and the money began to pile up in the bank. L. W.'s bank, of course; for since the fatal fight he had been Rimrock's banker and bosom friend. But that ended the long wait.
In the former case, it is worth nothing, a larger aggregate sum of money will be spent upon the thing when its price is high than when it is low, while the opposite is true in the latter case. We may thus express the above conclusions by saying that the demand for sewing-cotton is highly inelastic, and that the demand for coal miners is more elastic than that for steel smelters.
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