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


over this whole matter with you, and
you're welcome to print it if you
want to and think your readers care
for it. I was interviewed a couple of
times while I was east, and I found
that the reporters were very careful
to state things as l stated them.
That's fair all around. If you will do
the same, I certainly can't complain,
and 1 won't feel disposed to because
am willing to meet your request for an
interview
This was said, last night, by Mr. DAILY
in reply to a request made by Stand
ard reporter for a talk about things
that are of uncommon interest just
now. You see, Mr.. DAILY" ventured
the reporter, "a good many people in
these parts feel personally concerned
in what is going on. For instance, they
would like to know whether it is not
to be the Anaconda company any
longer"
There's more to it than that" Mr..
Daily promptly rejoined. Let us get
right at it without any roundabout
! process. You can get an answer to
that question by reading the New
York papers; those that were received
to-day in Montana show that a good
many matters that were undecided
when I left New York and which, in
fact, were not settled when I was west
of st. Paul on my way home. are set
tied now. so that I can tell you about
things that are absolutely settled.
They are things in which Butte, Ana
conda and Montana are directly inter-
ested and there is no call for rumors or
guesses. "a II #@ K
TheNew Company! y
"In the first place, if you want to put
it that way, there is, in a sense, no
more Anaconda company The owners
of the majority of the stock in that
company recently sold their shares
| without reserve. The buyers of the
| Anaconda have made that property a
| part of a new company called the
| Amalgamated Copper company-and
here / am added Mr. DAILY, after a
| pause in his talk, here I am, contrary
| to what I thought at one time was al
| the men in the new concern and the
| president of it, with more on my mind,
| more plans to make, more product to
| handle and more goods to deliver than
| ever.
| 1.-THE Amalgamated Copper company
| at present owns and will operate these
| properties in Butte--the Anaconda
RADIO companys properties and the
| Washoe The published reports were
right about the apitalization-that is
to say the $500, 900, 900 talk was wrong,
but the statement is right that the
| capital of the Amalgamated Copper
company is $75O0O,OO0, and it covers the
properties I have named. 1t may very
probably be that this capitalization will
| be increased. In fact, I anticipate that,
the increase to represent other import
ant mining properties which perhaps
are not far away from here. There is
nothing in the report that the Anal
gamated Copper company has interests
in the Michigan properties. There is
no such relation whatever.
Butte to Be Sounded.
Now that's all plain so far, isn't !t?''
queried Mr.. DAILY. But that doesn't
get quite close enough to some things
that, as you say, the Standards read
ers want ito know about. Well, as you
know, these copper properties are in
good shape right now. They will be
operated under the new management
without any interruption. But the i'm
portant item is that they will be put in
shape for an output which, in my judg-
ment, 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. as to depth of ore
bodies and the like. This will be done
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-by that I mean men whom we
all know, who have made more or less
money in Butte, and who, as the first
thing they do every morning, look
around anXously and inquire whether
the mines up there on the hill gave out
over night.
You see'' Mr.. DAILY continued. ''ir
one sense the old companies in Butte
| We're what Won might call rich anC
strong. They prospected their proper
ties, at least some of them did. pretty
well. But Butte is going to get an un
foreground overhauling now, for better
or for worse, and l am one of thost
who have full faith and confidence tlla
it won't be for worse-thats why | de
cided to stay with it when. just few
days ago, I might have rolled up my
blankets and gone away feeling that
| no ai,,J,- r,