Butte semi-weekly miner. [volume] (Butte, Mont.) 1886-1890, 1889-05-15
TIE COPPER SITUATION.
Return d the Americans Who Went to
France 70 Deal with the Syndicate.

AoA0 81 EAA6 AmCEle40b VINO w emu 90
France 20 Deal with the Syndicate.
New YeRk, May 13.-At the steamship
dock. to-day, many prominent copper oper-
ators from this city and Boston we're i'm
patiently waiting the arriyalof the Cunarde
Servia. Tor definite intelligence OF the result
Of the European conference between the
American mine representatives and the de-
funct 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 the trip had been productive OF no
good. s.We were unable to came to any
agreement and have come back to throw
our metal on the market for what it will
bring" He positively declined to say any
thing further.
Col. Liyermore, who accompanied Mr..
Hagsin aud other American mine represen-
tatives abroad, was incliped to be more
communicative. The report" Livermore
said, that the Americans found the French.
men reluctant to meet the Americans half
way in settling the difficulty, was entirely
without foundation. The Frenchmen
seemed always ready and willing to enter
into any agreement to prevent q panic.
The French banks which held the copper,
even now. have entire confidence in the
metal &c security"
Colonel Livermore gave an outline Of the
terms offered by the Americans. The
proposition was that the bank should
take number of years in which to mar
ket the copper. The number OF years men
TONED accustomed no DISPUTE
That the mines should reduce the produc-
tion Of last year (which, it was deemed,
was far in excess OF the worlds wants) to q
certain per cent. until the banks metal
could be disposed Of That there should be
a minimum price. About forty-five pounds
per ton, an equivalent OF 13 cents per
pound for Lake copper, was agreed upon
for metal to be sold by the banks and
mines. These figures are thought to be low
enough to meet consumption and not SO
low as to ruin the mines.
.sAfter our terms were gone over in q
general way land they seemed to meet fa-
vorable views of foreign representatives
presently, they were laid before a lawyer
representing the bank of directors and ior-
eigners interested.
1.-THE representatives of the Rio Tinto
mine, neglected to say, was
not exactly satisfied with the
proposition. He demanded that
the American mine owners should agree to
restrict the export Of copper. OF course,
we refused to entertain such ideas. We in
sisted upon equal terms. Our terms were
as have stated them. We did not ask
for an immediate reply. We were in no
hurry and came away without coming to
q definite conclusion.
ut would seem, from what Haggin has
said, that at his mine at least they will be-
gin to throw its product on the market for
whatever it will bring" said the reporter.
WELL" the colonel replied, 1--WE may all
have to come home prepared to do it, but
I don't think we will. Iwon't deny that
since our return home some notifications
have been made in our original PROPOSE
ton, and just now q settlement is not a
hopeless question"
During the afternoon Col. Llvermore's
rooms at the Brunswick were filled with
OF the copper.dealers and
lengthy conference was held, at which, it is
said, seversl cablegrams which reached New
York soon after the Servia left Liverpool
were carefully considered.