New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-28
INDUSTRIAL COMBINATIONS
GREAT coPPER-MINING POOL MOOR
PORATED AT LAST.
1T HAS A CAPITAL OF s7o.OOoOoo-MARcus DAILY

IT HAS A CAPITAL OF $4,000 ooo-MARcUs DAILY
ELECTED PRESIDENT.
The great copper-minng combination. about
which SO many predictions and rumors have been
current during the last few months. finally took
definite form yesterday afternoon when articles Of
Incorporation OF the Amalgamated Copper Com
pany were filed at Trenton the corporators being
Charles y. King. Charles f. Bunay and Edwin T.
Rice. jr.. Of Jersey City The company has an au-
thorized capital OF s75,0o0.0oO which may be in
creased at any time. 1t is empowered 10 mine
snelt refine and otherwise treat copper, gold and
silver zinc brass. iron and steel. The provision OF
The charter also covers everything -he company is
ever likely to desire to do including buying and
selling. building plants and acquiring real estate
At meeting Of stockholders OF the new
pany held yesterday afternoon at the office OF the
New-Jersey Corporations Agency. No. $50 Wash
tngton-st. Jersey City the following directors
were elected Henry H. Rogers. William G. Rookie
teller. Marcus DAILY. Frederick P. Olcott. James
Stilman. Roswell P. Flower, Robert Bacon and
Albert c. Burrage The directors subsequently
elected the following officers: President Marcus
DAILY. yice-president Henry II. Rogers; secretary
and treasurer. William G. Rockefeller; Executive
Committee. Henry H. Rogers. William G. Rookie
teller and Albert c. Burrage.
The list Of directors OF the new company bears
out fully the general belief that the combination
was being effected by the Standard Oil and Morgan
interests. Henry II. Rogers. who has all along
been recognized the principal figure in the nego-
tiations leading up to the consolidation. is one Of
the most prominent and influential men in the
Standard oil Company. William G. Rockefeller is
a son OF William Rockefeller president OF the
STANDARD OIL Company. James Stlman is presi-
dent OF the National City Bank. commonly known
as the STANDARD oil Bank" and is the father-in-
law OF William c. Rockefeller Albert c. Burrage
is president Of a big company in Boston. and
K q STANDARD Oil representative in that city in
which many copper mines are largely oWned
Robert Bacon Is q member Of the firm OF J. +.
Central Trust Company. which is credited with
having friendly relations with both the Standard
on COMPANY and the MOrgans. Ex-Governor Flower
IS interested in many arge enterprises the latest
shelters Marcus DAILY. who has been elected
president OF the Amalgamated Copper Company.
Is one Of the principal owners of the big Anaconda
mine which. despite the denials on which II lost
YL points yesterday in the local stock market, Is
believed TO be one of the properties absorbed by the
rev company. Only yesterday Mr.. DAILY quoted
in an Associated Press dispatch from Chicago as
intimating that the Anaconda property had not
been secured and as protesting 10 have no knowl-
sides the Anaconda, IS declared on good authority
that the Boston and Montana mine the Butte and
Old Dominion, Of Arizona, will be found TO be
among the mines in the new combination. The
great United Verde mine, OF Arizona. however. and
the Calumet and Hecla, are not believed 10 have
Joined forces with the Amalgamated Copper Com
The Standard OIL interests have been in copper
been IN the Arcadian property, in the Lake Su-
peror district The movement for consolidation
was first indicated few months ago, when the
capital Of & 00Opo Since then several other com
panies with comparatively small capital have been
organized. which II is understood are all to be
taken over by the new corporation and the buying
OF the stocks OF existing companies has been in
creasingly strong.