The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1896-01-14

point in the land and absorb as much
of the producing power as possible, to
the end that they may the more read
lily handle the product on the market
and corner the yellow metal IL such a
proceeding were desirable in their
financial operations.
The company represented by Mr..
Daley. who is himself a shareholder. is
one OF the strongest mining companies
in the United States. 1t owns the ia
nous Anacopda mines that have made
enormous fortunes for every man con-
nected with Il. The stock of the COR
poration is held by the Rothschilds and
the Daley family. The mine was dis
covered by Marcus Daley and its pro-
duction of metal since IL was fully
opened and worked has been the his
tory known and repeated often in every
mining camp I'm the world.
The advent of such a firm at Cripple
Greek can have but one effect. that is
to greatly add to the Importance of
the point and establish II as one of the
camps that has come to stay. At pres
ent the ore taken out OF the mines
there has to be taken to some of the
uJher cities of that state for treatment.
but IL the new company goes there and
erects a smelter, Il will force others 10
do business at the same place and will
be of great advantage to the camp.
The Anaconda Mining company has
an unlimited capital at its command
and owns and operates more than n
score of mines in the Northwest. Mar
Gus Daley is known as the Copper
King" and has fairly earned that title.
ft,fan ha nf of hnl
the enormous number of the mines he
controls. lie is also extensively inter-
ested in silver and gold mining.
The company owns its own line of rail-
road from it's mines at Anaconda to
Butte, 26 miles. and owns smelters and
stamp mills and reducers to the value of
nearly $50 600 600. and employs about 1900
men all the year Its pay roll amounts To
a fabulous sum during each year. The
output OF its copper mines now Is over
5000 tons OF ore each day and all OF the
product is reduced and smelted and re-
fined in its own works. The company does
all OF its work, from taking out the ore TO
putting the refined product on the market
for sale.
Mr.. Daily. who has seen an active ex-
perience on the frontier for 80 years, has
practical knowledge Of the work. and is
one OF the best posted mine owners In
the United States. lie was seen yester-
day by a representative of the Journal
and discussed mines and mining prospects.
lie said:
THE work In the mines OF the West
for the coming year will he good. Mining
stock Is worth handling at present and
there are many big fortunes 10 be made
by sharp traders and investors during
the next 90 days. We are ready TO pur-
chase good mining property. IL we go into
the mines of Cripple Creek we VIII do
business there on the same plan we are
employing at our Montana mines. where
we run our own smelters and reduce and
refine our own products. We would have
to build a smelter at Cripple Creek or
near there. to handle our ores, and we
would work the mines for the purpose of
putting out as large a supply as could be
produced"
Mr.. DAILY expects the mining exchange
of this city to become a very important
one. as the interest In stocks increases,
and wants TO see what is listed here and
what can be secured. He was at the ex-
change for several hours yesterday after
noon. lie will remain I'm the city until
Tuesday. From here Mr.. DAILY expects
TO go to Chicago and New York, and then
back to Cripple Creek