Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1889-05-14
The American Syndicate Returns from
France Disguised.


NEW YORK, May lSth-At the steamshindocl,
today many prominent copper operators from
this city and Boston were iInpatiently awajfino
the arrival OF the Cdnarcer Ssrvia for definite in,
telligence OF the result of the European confer.
ence between the American mine representa-
tiyes and the defunct french syndicate people.
Mr.. Haegin, who IS he sole owner of the Ana
conda mine looked decidedly savage when
questioned about the result OF his journey
sbroad. He said with emphasis that his trip
had been productive of no good. ave were nm
able 10 come to any agreement, and have come
back to throw our metal on the market Ior what
it VIII bring
He positively refused to say anything further.
Colonel livermore, who accompanied Mr. Hag-
gin and other American mine Representatives
abroad was inclined to be more communicative.
I he report, Liyermore said, that the Americans
found the Frenchmen reluctant to meet The
mine oEneis half way in settling the difficulty,
was entirely without foundation. The French
men seemed always ready and willing to enter
into an agreement 10 prevent panic The
french banks which held the copper even now
have entire confidence in the metal as security.
colonel Llvernnore gave an outline of the terms
offered by the Americans:
That the banks should take certain num-
beT OF years in which to market their copper.
1he number of years mentioned oecasioned
no dispute. That the mines should reduce the
production oflast year (Which it was deemed was
lar III excess o. rhe worlds wants. to ascertain
point until the banks metal could be disposed
Oh, and that there should be a minimum
price OF about tfo per ton, an equivalent
OF, thirteen cents per pound for lake cop
per agreed upon, for metal to be sold by both
the banks and mines. This figure was thought
TO be low enough to meet The consumption aud
not so low as to ruin the mines.
After our terms agreed upon had been gone
over Ia general way the views of the foreign
representatives present were laid before us by a
lawyer representing the bank Directors and
foreigners interested. The represen atiye of
the Rio linto mine, l neglected to say, was not
exactly satisfied with our proposition He de-
manded that the American mine owners should
agree TO restrict the export of copper. OF course
we refused TO entertain such an idea We in
sisted upon equal terms Our terms were as
have stated them. We did not ask an immedi-
ate reply. We were in no humor and came
away without coming 10 any definite conelu-
sion."
8 1t would seem from what Haggin has said
that his mine at least will begin to throw its
produce on the market for Whatever it will
bring
We'll" the Colonel replied. "we may have
all come hone prepared to do it, but / don't
think we will. l don't deny that since our re-
turn some notifications have been made in our
original proposiuon, and just now the settle
ment is not helpless question:"
During the afternoon Colonel Livermore's
rooms at the Brun wick were filled with repre-
sentatives of copper dealers, and a lengthy con
terence was held, at which it is stated several
cablegrams which reached New York soon
after the Servia left Liverpool were carefully
considered.