The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-05-03

that the properties which l expect to
manage can and will improve at once
their earning capacity. Or, let me put it
this way: For myself, l think I can
say 1 know that these properties can
demonstrate on sight an earning ca
pacity that will justify absolutely their
capitalization at the present figures.
The Camps Good Name.
II really was surprised to find how
much that is actually true is known
about Butte properties in the East. You
know, they say you have to go away
from home to learn the news. Well,
there are business men in New York
who certainly know more about Buttes
real mining wealth than some of the
men l know who have lived years in
Butte and made money in the city. l
know the run of opinion and of feeling
in Butte's business circles pretty we'll.
When you go away from home you find
out that Montana is pretty good
country. In fact, we are not nearly as
proud of ourselves as we have a right
to belt certainly is true that there are
no mining properties in all the business
world that have a better name this
very moment than these copper proper
ties in Butte have.
The Future of Wages.
But there's another point to con-
sider," added Mr.. DAILY with an air of
earnestness. There's another point, l
hadn't forgotten it, and it is one of the
things 1 was not likely to forget when
all this matter of new organiza ton
with new and big plans was going on.
1t is matter that comes a good deal
closer to the great majority of the men
who live in this region than anything
else have said. I know perfectly we'll
that there are thousands of miners
working in Butte who will very natur-
ally wonder where they come in under
these changes. l am willing to be in
terviewed accurately on that score-I
can speak without reserve as far as
am concerned and I assume to speak
for this new company. I was brought
into the organization after many seri-
GUS consultations with men who, I am
frank to say place more store on my
ability to manage the properties than I
feel is justified Be that as it may,
they all know one thing-while 1 live
and manage the properties, there will
be no agitation over miners wages at
my end of the line. Wages will not be
lower than they are to-day If there is
anxiety or concern on the score of min
ers' wages in Butte, it will come from
those who like to keep Butte in a stew,
1t VIII not be the result of anything l
say or do.
Il have about concluded that l may
as well face the fact that my life work
will continue and end, I suppose, in
| active connection with these mining
properties. l do not mean by what l
| now say to refer to the future in care
less or irreverent way, but probably Til
be in this work as long as most of the
| men will who are Butte miners to-day,
| and if the rule about wages which l
| have just laid down as my guide doesn't
sound quite as wise and as learned as
| what the newspapers have been saying
| about political economy and production
and the like, 1 feel, just the same, that
| it's a pretty good rule. If these Butte
properties cannot afford the present
wage scale, then the whole business is
a hopeless mistake-and 1 don't think it
is.
| The Men In It.
what 1 mean to say" Mr.. DAILY ad-
| ded, 'in fact what l would like to say.
so as to get my idea before our bust
ness men, is just this: 1 cannot see
how Butte, Anaconda and Montana can
| fail to get very great benefit out of
these new business undertakings that
bring millions of money direct to Butte
| for investment in good, producing
mining properties. and for the purpose
of demonstrating the actual mining
ability of this immediate region. Take,
| for instance, the company of which ]
am president-I confess, it sounds fun
ny to be called president of it. But
take this Amalgamated Copper conf
| pany. You have seen the names OF
the officers-they have been printed
| Mr.. Bacon, who represents j. 2. Nor
gan interests, is in a position to speak
for millions Of dollars that will sc
into investments that prove to be rea.
sonably inviting. Through Mr. Rogers
and Mr.. Rockefeller other millions o!
money can be invited to come to Butte
and that doesn't mean that the
| Standard Oil plant takes the town.
Through the new organization Mr.
Roswell P. Flower gets directly in
terested in Butte and in Montana; hi
is one of the best known men in thi
country's financial circles-it's a goot
thing for Butte to bring it's great min
ing resources within reach of the
means he can furnish. The new com
pany interests Mr.. James Stillman ii
Butte; he is the president of the Ma
tional City bank of New York, anc
if you look it up, you'n find that it il
the largest bank in the United States
| he I'M Mr. =