Showing posts with label Holden smelter. Globe smelter. Dennis Sheedy. Show all posts
Showing posts with label Holden smelter. Globe smelter. Dennis Sheedy. Show all posts

Friday, March 20, 2015

Dennis Sheedy


“…among the men who have witnessed and aided in an empire’s development the like of which will never be seen again.” This florid description in Jerome Smiley’s 1901 History of Denver applies to Dennis Sheedy,  a recognized leader in several business ventures in Colorado and the man responsible for the success of the Globe Smelter. 1.
Born in Ireland in 1846, Sheedy moved with his family to the United States when he was a small child, first to Massachusetts, then Iowa. In 1858, his brother, sister, and father died, leaving him the sole support of his mother and surviving sister, Ellen. He attended school during the winter months and worked the rest of the year at a general store, “acquiring a practical knowledge of business.” 
In 1863, at the age of 17, Sheedy came to the young city of Denver and found work in a general store. By 1868, he had saved enough money to move to the Montana Territory, set up his own wholesale grocery and begin buying and selling cattle in Wyoming, Texas, California, Kansas, Arizona, Nevada, and Mexico. By 1882, Sheedy had made a fortune, married Katherine V. Ryan, daughter of a prominent Leavenworth businessman and returned to Denver to settle permanently. 
Success in business led to other opportunities. Sheedy acquired an interest in the Colorado National Bank, becoming a director, and then, in January 1886, vice president. When the bank became concerned about losing their investments in the Holden Smelter in 1889, Sheedy was elected to take over as the President and General Manager, reorganizing, renaming the company the Globe Smelting and Refining Company and turning the business into one of the most successful smelters in the country.
Sheedy’s success in transforming the Globe may have put him in a position to rescue the McNamara Dry Goods Company, which had gone bankrupt during the Silver Panic of 1893. Sheedy’s experience in merchandising led to his being named the president of the re-organized Denver Dry Goods Company in 1894. Once again profitable, the store built a six-story building designed by architect Frank Edbrooke, on the corner of California and Fifteenth Street in downtown Denver. 
Sheedy contributed generously to many Catholic institutions, including St. Joseph's Hospital and the Cathedral of the Immaculate Conception, and to many other civic causes. On October 16, 1923, at the age of 77, Dennis Sheedy passed away at his home from pneumonia and is buried at Mt. Olivet Cemetery in Wheat Ridge.
Photo Denver Public Library
The Sheedy mansion at 11th and Grant was built in 1892.
Photo ® Mary Lou Egan
1. Smiley, Jerome C., History of Denver, Denver, Colorado. 
The Times-Sun Publishing Company, 1901, page 562

Monday, May 23, 2011

Globe ASARCO

According to historian Jerome C. Smiley in 1901,“...their [smelters] economic value to the city of Denver far exceeds that of any other industry; indeed, it may be said that it overshadows that of all other industries.”1. The remnants of one of the state’s most significant smelters, the Globe, rests on a hill just west of the neighborhood that shares it’s name. 
The plant began life as the Holden Smelter and was organized in 1886 by entrepreneur Edward R. Holden as a silver/lead smelter, using the latest technology. Holden was known as a promoter and speculator and had borrowed great sums from the Colorado National Bank to build the operation. When the smelter veered toward bankruptcy under Holden, the bank appointed Dennis Sheedy manager and he reorganized the firm as the Globe Smelting and Refining Company on January 16, 1889. A company store, hotel and houses surrounding the plant, once called “Holdenville” were then referred to as “Globeville.”2
The Globe Smelter was “integrated” with its own sampling works, crushing mills, roasting units, blast furnaces, refinery and was considered a major force in the industry. In 1899, the Globe joined a number of other smelting concerns to form a powerful trust, the American Smelting and Refining Company (ASARCO), with the clout to negotiate rates for labor, freight, ore, smelting and political influence. 
The price of metals increased during World War I and mines and smelters prospered, but by 1919, market conditions had changed and many of the nation's rich ores had been depleted. The Globe discontinued smelting operations and turned to producing cadmium, becoming a leading supplier of the element used as a protective coating for aircraft during World War II. In 1993 the firm again changed direction and focused on the development of specialty metals, such as bismuth.
1993 is also the year a group of residents won a lawsuit against the corporate giant, alleging air, soil and groundwater pollution. A second group of citizens were awarded funds in 1997 to remediate the soil in the southern section of Globeville. ASARCO declared bankruptcy in 2006 and the plant sat empty and abandoned.
2011 marks the beginning of a new life for the area as EFB Brownfield Partners plans remediation and development for the property. It is hoped that an industry once so vital to the economy of the region could bring life and rebirth to the Globeville neighborhood.
1. Smiley, Jerome C. History of Denver, Denver, Colorado: The Times-Sun Publishing Company, 1901, page 556
2. Fell Jr., James E., Ores to Metals, The Rocky Mountain Smelting Industry, 1979,
University of Nebraska Press pg 149.


3. Contaminated Globeville May Get a Second Chance, March 24, 2011, 
http://www.thedenverchannel.com/news/27303143/detail.html



top photo. Globe Smelter 1890, Denver Public Library
middle photo, Globe Smelter about 1926, photo used with written permission from Steve Stevens
bottom photo, Globe plant today