Eben Smith - Retirement and Final Years

Retirement and Final Years

Beginning in early 1903, the Western Federation of Miners conducted strikes against refining companies, which eventually spread to the Cripple Creek mining district. In 1904, Joseph Seep bought out Eben Smith's portion of the Mine and Smelter Supply Company. By 1905, he had purchased the remaining shares of Frank Smith and the Cary brothers as well.

In October 1901, Eben Smith returned to California and turned to retirement living in Los Angeles. He split his time between this home and a summer residence in Palmer Lake, Colorado.

But Smith could not keep from dabbling in business ventures. He made large, ill-advised investments in Los Angeles' Murray M. Harris Organ Company (builder of the St. Louis Exposition Organ, now the Wanamaker Organ) and in the Pacific Wireless Company. Mismanagement at both companies forced Smith to take over operation of the companies in order to salvage his investments. Under Smith's direction the Murray M. Harris Co. became the Los Angeles Art Organ Co. and soon after the Electrolian Organ Co. and moved to Hoboken, N.J. Electrolian aimed to take some of the market share of the lucrative residence-organ business from the Aeolian Company, the industry leader. As a builder of extra-quality art organs it never attracted significant business, and concurrent with Smith's death, the venture was dissolved.

Smith died in Denver of acute peritonitis stemming from appendicitis on November 5, 1906, before he could finish reorganizing the companies.

Smith's wealth was estimated between $3 million and $10 million at his death, but may have been a good deal less. His mausoleum is in Fairmount Cemetery in Denver.