Daily inter mountain. [volume] (Butte, Mont.) 1881-1901, 1899-05-03
AmALGAMArED COPPER COMPANY.

ara this morning MI. NdiSuS LAZY
| throws considerable light on the new
copper ompany which has excited so
much ommen during the past few
months. His statements confirm the
surmises Of the Inter Mountain, made at
the time our Geographic advices an
nounced the formation of the combine |
and the election of Mr.. DAILY as president.
Relative to the matter of increasing the
output of ore in Butte, Mr.. Daily says: |
These copper properties are in good
shape right now. They will be operated
under the new management wlthoutan
interruption. But the important item is
that they will be put in shape fol. an
output which, in my Judgment, will make
the millions of pounds a year that have
looked big to us in the past look pretty
small before Montana is many years
older. In the first place, an amount OF
work that most of us have not dreamed
of will be done in the way of exploring
all these Butte properties. to the depth of
ore bodies and the like. This will be
lone. on a scale which. if the belief I have
always expressed, in public and in, pri-
waite. is true. will disclose an amount of
mineral wealth that will take the breath
out of the last of the croakers in Butte
W NAo l AlOoI iAIS "loIlA " Oil
who have made more or less money in
Butte, and who, as the first thing they do
every morning, look around ~anxiously
and inquire whether the mines up there
on the hill gave out over night. You see,
in one sense, the old companies in Butte
We're what you might call rich and
strong. They prOspected their roper
ties, at least some of them did, pretty
we'll. But Butte is going to get an un-
foreground o~verhauling now, for better
or for worse, and I am one of those who
have full faith n confidence that it
| Won't be for w~Orse-that's why I decided
to stay with it when, just a few days ago.
I might have rolled up my blankets and
gone away feeling that Montana had cer-
tainly been pretty good to me. The good
part Of all this is that while, as I a
said, very heavy work in prospecting will
be done, Butte and Anaconda can go
right along turning out p I do not
hesitate to say 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, I think
/ can say l know that these properties
can demonstrate on sight an earning ca
pacity that will Justify absolutely their
capitalization at the present figures.
It is gratifying to the Inter Mountain
to learn that its guess as to the imme-
diate effect of the copper combine is con-
firmed by the publicly announced pur-
poses Of the president of the new COM
pany, that the splendid copper pro-
ducers Of this camp are to be exploited
on a much larger scale than heretofore.
This ann fail to prove of infinite bene-
fit to the growth and prosperity of Butte,
and the upbuilding Of it's business inter-
ests along all lines. This city has at
tanned its present status by reason Of the
extensive development Of its splendid
mining properties, and a course of. pro-
cedure on the part of the ~Amalgamated
Copper company that will still further
increase the output of ore means addi-
tional prosperity for the city and state.
The Inter Mountain was also correct In
the assumption that the presidency of
Mr.. DAILY would act as a protection to
the present wage scale enjoyed by the
miners in this city. That gentleman
speaks directly to the point on this much
discussed question:, and has no hesitancy
in defining his position. He says:
I know pretty we'll that there are thous-
ands Of miners working in Butte who will
very naturally wonder where they come
in under these changes. 1 am willing to
be interviewed accurately on that score
| II can speak without reserve as far as
I am concerned, and I assume to speak
for this new company / was brought
into the organization after many serious
consultations with men who, I am frank
to say, place more store on my ability to
! Doanoop the nrOnartiaQ than 7 fool ic i,1C-
titled. Be that as it may, they all know
one ~thing-while I live and manage the
properties, there will be no agitation over
l miners wages at my end of the line,
: Wages will not be lower than they are
. today. If there is anxiety or concern on
the score Of miners wages in Butte, it
{ will come from those who keep Butte in
a stew, it will not be the result of any
thing I say or do. I ave about con-
Guided that 1 may as well face the fact
that my life work will continue and end.
I suppose, In active connection with these
mining properties. 1 do not mean by
: what I now say to refer to the future in
a careless or irreverent way, but prob
: ably I'll be in this work as long as most
Of the men will who are Butte miners
, today, 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, l 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 hope
Z less mistake-and I don't think it is.
: MI. Days statements relative to the
, foregoing matters will nave a beneficial
:. effect upon the community, inasmuch az
{ all sorts of rumors nave been in circula-
! ton n many citizens feared radical
, changes that would seriously affect The