The Lehi banner. [volume] (Lehi, Utah) 1891-1917, 1898-12-24
MADE MILLIONS in MINES.
Butte, Montana, Leads In wealth of IT.
Onnratora.

/ lHc Wediln Oh MINING men mas Deeu
a favorite topic for the eastern press
tor many years, and the lavishness of
The so-callcd bonanza kings has
formed the text for many n dlsserta-
lion upon the evils of sudden wealth,
says the Denver Republicans.
There is no lack of rich men among
the mining camps of the west and for
many years II has been a question
who Is entitled TO head the list. In the
days of the Comstock supremacy the
mining mlllionaires were centered
about Virginia City and San Fran
cisco, and there was no doubt OF the
standing Of the Comstock magnates.
John w. Mackey alone of the cele-
brated trio still survives and while
he has lost nothing since mining be
came secondary with him, his acre.
lions OF late years have been derived
from other sources of income, and of
the great miners of the day there are
several who tower far above him In
point of possessions derived from
mines alone. Mackey is still great
miner, and owns properties in Colora-
do, Nevada, California, Oregon and
Montana, but his other interests are
so much larger that his mines cut but
little figure in his annual balance
| sheet.
Colorado has It's share of million
aires, and several men who are very
likely to be able TO draw checks for
seven hgures within reasonable
time, but none of our local miners
probably exceed S5,000,O00 in the ac-
tual value of property and assets.
which compared to the wealth of
some OF the prominent mining men of
the west Is comparatively small
sum, SC that none of our big miners
nave as yet attained the royal rank.
| The big miners of to-day are mostly
about Butte, Montana. which has at
tanned rank as Il producer second 10
no camp In the country. Marcus DAILY
ana j. IL. Haggin, who together con-
trol the great Anaconda copper mine,
ana w. a. Clark of Butte stand so far
above all others that comparisons are
odious. Closely following them, how.
ever, Is Captain De La Mar. Besides
his holdings in Anaconda j. Il. Hag-
Gin owns mines in several of the min,
ing states, all of which are. productive
and make very substantial addition
to his wealth each year. Marcus DAILY
has not spread out quite so much as
numerous outside holdings, and Is
continually picking up mining snaps.
But his Anaconda stock, which has n
market price of nearly 100000 his
railroads. his smelters and various
minor enterprises all combine to make
him one of the busiest men in Amer
lea.
Mr.. Clark has not only his copper
mines, mills and smelters at Butte,
but owns the Mayflower gold mine in
Montana, several other properties In
dlHerent parts of the west, the Great
! United Verde copper mine at Jerome,
Arizona, and one of the largest ranch
es In southern California. All of these
are productive, but 1t Is the Jerome
copper mine upon which he pins his
faith, and when he was last In Den.
yer he expressed the intention of maxi.
ing IL the greatest copper mine In the
world. lie has already refused an of
Ter or S3O,OOO,0OO, and 1t Is worth
much more than that now, according
TO the dividends paid. There are no
greater mines owned by n single indi-
vldual In the world. Mr.. Clark does
not care FOR partners and prefers to
manage, as he has erected his own
enterprises.
captain De La Mar has, up to the
present time, confined his operations
In the main to the Nevada property
and the Golden Gate mine and mill
at Mercur, Utah. Either one of these
properties should satisfy ordinary am
bition, but their owner has recently
acquired large holdings In the Buffalo
Hump district of Idaho, which he will
develop In the same systematic man
ner that has proved so successful with
his other enterprises.
Marcus DAILY, at the market price of
his property, all of which Is produc-
tive, Is worth not less than $50 1000. 900.
besides what he has tucked away I'm
government bonds and other gilt
edged securities. He not long ago re
fused to sell his Anaconda stock on
the basis of $30,000,000 cash, for the
stock Is now selling on the London
market at 10 per cent. and more above
par. His wealth Is all securely invest
ed ana IT he were to attempt to real
lie at once II Is doubtful II he could
clean up more than $10,000,O00. But
there Is no immediate necessity for his
realizing, and at the rate which his
wealth Is accumulatlngs he will soon
be on the parlor floor of Easy street.
Captain De La Mar recently declined
TO take less than Si,500O0O for his
Nevada mine; has the largest cyanide
mill In the world at Mercur, Utah. and
enjoys life at Paris, while his money
comes In at the rate of from 81 800. 600
to S2,OOOOOO per year. He is regarded
as worth $15,000,00O.
w. A. Clark and j. Il. Haggin divide
the honors of leading the growing pro-
cesslon of wealthy miners. No one
knows what Mr. Haggln Is worth, for
In business matters his right and left
hands are not on intimate terms. He
puts away his money In solid securl-
ties, about which no one knows any.
thing about but himself and his broth
ers. The value and production of his
mining property are tolerably well
known, however, and those who place
his wealth at S70,000000 to $4,000
600 are not far wrong. Mr. Clark, on
the other hand, cOnceals nothing re-
garding his holdings. He has set him.
self high standard and has the en-
ergy and ability to pursue his patch
to success. A few years more and he
will be able to range himself along
side of any of the lending financial
mngnates of the country, his present
holdings already amounting TO 49,
100000 and his assets immediately
available being not far from 2O.OOO.
600.