The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1889-05-14

New YORK, May l3.-At the steamship
dock to-day, many prominent copper
operators from this city and Boston were
impatiently awaiting the arrival OF the
Cunarder Servia for definite intelligence OF
the result of the European conference
between American mine representatives
and the defunct French syndicate people.
Mr.. Haggin, who is the sole owner OF the
Anaconda mine, looked decidedly savage
when questioned about the result OF his
Journey abroad. He said, with emphasis,
that his trip had been productive of no
GOOD 1--WE were unable to come to any
L agreement, and have come back to throw
our metal on the market for what it will
BRING
He positively declined to say anything
further.
Colonel LiveImore. who accompanied
Mr. Hoggal and other American mine
representative abroad, inclined to be more
communicative. The report, LivermOre
said, that the Americans found the French
men reluctant tomeet the nine owners half
way in settling the difficulty was entirely
without foundation. The Frenchmen
seemed always ready and willing to enter
into any agreement 10 prevent panic. The
French bankers who held the copper even
now have entire confidence IN the metal as
security.
Col. Livermore gave an outline of the
terms offered by the Americans.
THE proposition was that the banks
should take a certain number of years in
which to market their copper. The number
of years mentioned occaSiOned no dispute:
that the mines should reduce the pr0duc-
tion Of last year. which it was deemed was
far in excess of the worlds wants A GER
tain per cent. was 10 be held by the
,l-c D1 Il 10 Sag
of: that there should be a minimum price
of about forty five pounds per ton: an
equivalent Of Is cents per pound for lake
copper; it was agreed upon for the metal to
be sold by the banks and mines. This figure
was thought to be low enough to meet the
consumption ana not so low as to ruin the
mines.
"After our terms were gone over III a
a general way, and they seemed TO meet
the favorable views of the foreign repre-
sentatives present, they were laid before a
lawyer representing the bank directors and
foreigners interested. The representa-
tive OF the Rio Tinto mines, l neglected to
saw was not exactly satisfied with our
proposition. He demanded that American
mine owners should agree to restrict the
export Of copper. OF course, we refused
to entertain such ideas. We insisted upon
equal terms. Our terms were as l have
stated then"
1--WE do not ask for an immediate reply.
We were in no hurry, and came away
without coming to a definite conclusion"
1T would seem from what Haggin has
said this noon,'' it was suggested, that
his wine at least will begin to throw its
product on the market for whatever it viii
bring"
'sWeu." the colonel replied, I'VE may all
have come home prepared to do it, but l
don't think we will"
Il will not deny that since our return
home some notifications have been made
in our original proposition, and just now a
sattle ment is not hopeless question:
During the afternoon Colonel LivermOre's
rooms at the Brunswick were filed with
representatives of the copper dealers and a
lengthy conference was held, at which it
is stated several cablegrams which reached
New York soon after the Servia left Liver
pool, were carefully considered.