davidaulloa/AmericanStories huggingface dataset:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-05-14
Two Weeks Ago Only the Beginning of Moveme
to Reach Worldwide Proportions.

they thought il had been overdone.
Many of the Englishmen, it is under
stood, sold the shares of Anaconda for
a fall. thinking that they would have
no difficulty in covering" lower down.
But the stock continued to jump. while
the price of the metal also advanced.
until they made up their minds that
there must be more in the situation
than they at first thought.
1t has finally dawned upon the pub
lie, however. that certain powerful In
terests are at work to bring together
all of the leading. copper properties into
one pool. and that in order to effect
this with as little opposition and eX-
pense as possible, they are making de-
malls.
1t is now becoming plain that the
output of copper is not equal 10 the
demand ana that the advance in the
metal is not forced, but due to natural
causes. although it is, perhaps,
strengthened by the accumulation OF
speculative holdings, based on knowl-
edge o. the approaching combination.
Great Plans Unfolding.
The plans for the other sections of
the trust are rapidly crystallizing, and
another of them will probably be
launched in the near future. The next
company will probably take in d num-
Der of the other Montana mines, in
Guiding the Butte & Boston and Boston
& Montana. The only drawback to the
immediate organization of this ccm-
pany is the pending litigation. Steps
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-05-14

thro"oI, their lives was the action of
a powder boy. These boys act as
aioes To the captains ana neutenants
in carrying messages and doing err
rands. When the order was given to
strip for action every man was naked
that day., one of the boys tore off his
coat hurriedly and it fell from his
hands and went. over the rail down in
to the bay
Dewey and the Powder Boy.
"A few moments before he had been
gazing upon his mothers photograph,
and just before - had taken off his
coat he kissed his mothers picture and
placed ii in his pocket. When his coat
fell overheard he turned to the captain
and asked permission to jump in after
it, Naturally, the request was refused.
The boy then went to the other side of
the ship and climbed down the ladder
He swan around to the place where the
coat had dropped, sunk himself and
succeeded in fetching it to the sur
face.
When he came back he was ordered
in chains for disobedience. After the
battle he was tried by courtmartial for
disobedienee. and found guilty. Com
modore Dewey became interested in the
case. for he could not understand why
the boy had risked his life and dis
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-05-14

predetermined investors who have fol-
lowed and profited by this great indus
trial revolution the policy of this lih
eral treatment will be obvious, the con-
solidated company is to be many times
larger than its present capital moi
Gates; II, in my opinion, will. from time
to time, offer to the investing public
large amounts of increased stock FOR
the purpose of obtaining hundreds of
millions of cash with which to pay for
all the producing copper mines, as it
is now obvious to students of affairs
financial that this. company must. in
time, become the owner of all good
mines, because all such mines can he
run TO better advantage to the con-
sumner of copper. the investor in copper
stocks and the present owners. by the
amalgamated company than by others.
This being so, it requires no supernat-
urally bright mind to see the wisdom
of a policy that insures a constantly
increasing premium for every new is
sue Of stock
Surely Aladdin's lamp was common
place compared with Mr.. Lawson's
pen.
AS Boston is the nursery of the cop
per boom, it is necessary, TO get
clear idea of what Mr.. Lawson calls an
industrial revolution, to go to Bos-
ton for the story of the growth of this
tremendous business.
Say They Followed the Demand.
The Boston operators point out that
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-05-14

of the city and was at anchor, a light
appeared in the direction of the Correg-
idor, and we signaled. 'Heave to- We
flashed the international code three
times; no answer. Then Captain Cogh-
Ian went to the bridge and gave the
word to let go our forward six-pounder
on the starboard side. across the bow
of the stranger. The result was that
the vessel hove to, and one of our boats
was ordered away to board and ques-
ton her. When Lieutenant Rodman re-
ported that the vessel was a German
cruiser. he was ordered to so back
again and ask what her commanding
officer meant by entering a blockaded
harbor without displaying signals. That
was the beginning of our troubles with
the German ships.
The Raleigh was ordered up to Su-
big bay to take possession of Grande
Island. at the entrance to the bay,
where some Spanish troops were. The
Spanish barracks on the island was all
quiet, but we raked 'em with a five
inch shell that tore the side out of their
old building. They did not seem used
TO that kind of reveille. White flags,
which we found were table cloths, pop
ped out of each end of the building. and
the men came pouring from every win
dow and every exit of the roof. We
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-05-14

lation of the company, and the copper
combination was an assured fact from
that time on More Or less logical rea-
sons for the amalgamation have been
given in Boston for months past. Men
say that they looked over the whole
field of productive industries and found
that copper was the only one of them
which paid an excessive profit.
1t was understood that here was a
business capitalized on 20 per cent
basis that might be capitalized on a ,
per cent interest paying basis, and not
only give a fair return on a largely in
creased capitalization, but also afford
an opportunity for the profitable use of
an immense amount of money for the
development work. The scarcity of
copper, comparatively speaking, and
the very high price, was thought by
operators to jeopardize the copper in
terest, as it would stimulate manufac-
turers and inventors to discover some
substitute for so expensive a commod-
ity.
The Amalgamated company is ex-
pected to meet this difficulty by forcing
down the price and disseminating mines
that have no legitimate place in the
/ business, to make way for others of
high productive possibilities.
Meanwhile, everybody connected with
the business in Boston, has made
money. The organizers and promoters
of new companies have reaped rich
harvests, but they have not made any
more than the purchasing class upon
whom they have unloaded Copper
stocks, almost without exception. have
gone up, up, up. 1t has been the one
phenomenal incident of the century-a
solid boom. a continued rise without a
compensating fall. And the peculiar
feature of il all is that the public has
been told from the first just what to eX-
pect. They were not told the why's in
all cases, but Mr.. Lawson, who seemed
to act as the press agent for the combi-
nation, gave the public straight tip,
and thousands of common people have
become moderately rich by taking his
advice. How much the Standard peo-
pie have made or will make is beyond
guessing. a. C. Burrage. who has
been their representative in Boston, is
reputed to have made numerous mil
lions. while Mr.. Lawson himself is ac-
credited with cleaning up anywhere
from S5.000,000 to S13 100000.
Boston Copper Mad.
But the singular winnings have been
in unexpected quarters. a woman in
st. Louis is said to have sent in a let
ter $50, which was invested in her be-
hail d lew IioIlHS dSO oil purely
sympathetic basis. This lady now has
something over 5000 to her credit An
old couple in New Orleans sent their
small hoard to Boston to be invested
in copper. They were entirely ignorant
of even the simplest business matters.
and yet their investment has placed
them beyond the possibility of want for
the rest of their lives. Men were tipped
to buy Arcadian at 20 and sold it at 60
Boston went copper mad. All classes
got in. A Newbury street coachman
played the copper game and won $780,
900. A physician or the same street has
not done quite so well, having made
only $4,000. A young man who owed
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-05-14

every man that ever served under
Dewey, if they knew that he was going
to lead another fight, would go with
him again. He's a stern man for dis
cipline, but the men trust him as a
leader"
After telling of the entrance TO Ma
Mia bay. this sailor said: When we
sighted the Spanish ships at Cavite.
the dear old Olympia headed straight
for EN-, and she had not gained her
position when the Lunetta battery
opened on us. No sound from the Olym-
pia- She went on and on. and every
man of US was watching for the signal
to fire. l tell you, we talked awful
solemn and religious then, if we talked
al all.
We'll. while we were watching for
the blame old flagship to open fire. just
then. bang. bang.' speaks up the Span
iards from Cavite, from 'Sanglie point
and further on. We waited till we
were i'm range of their fleet, and then
the old Olympia swung round, with a
signal on her starboard yardarm that
said: Fire at will. Engage the enc
my and we were in it.
Trouble With the Germans.
"A few days after the battle. while
the Raleigh was on patrol duty in front
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-05-14

an outsider with inside knowledge. Mr.
walters in the financial world, and has,
in this instance, been abundantly re-
warded for his stick-to-itiveness. A
few years ago. when he began TO talk
of the possibilities of copper and was
making suggestions far beyond the
dreams of Boston's generally conserva-
tive operators, he was greeted with
criticism and even ridicule. His first
active work in behalf of his extensive
projects was in the case of the Boston
& Montana. The mine lost its smelter
by fire. became involved in legal COM
plications through the death of one of
the largest stockholders, and was heav
lily in debt when Mr.. Lawson pushed
the stock up from = 20 81. and finally
effected reorganization. 1t was prob
ably a year and half ago that Mr.
Lawson approached the Standard Oil
people with a scheme for a gigantic
copper combination. Some rumors say
that the Boston broker met with re-
Bluffs; others say that the Standard Oil
people were simply unable to consider
so large a proposition until much time
and thought had been expended upon
it.
story is told that last summer one
of the other big men in the Standard
company, in an easy, familiar way, APP
preached Mr.. Rogers, saying, Henry
have fancy for copper" Mr. Rogers
was agreeable to anything that offered
any return for the immense accumu-
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-05-14

sey. all of which are formed for the
purpose of putting the various mines
into suitable shape for consolidation.
These companies have one general
plan. and when the proper time comes
it Will be easy to turn them over to
larger corporation in exchange for
stock. on an agreed basis. They have
a wide range of powers. and they are
not limited to the copper business
Some of them have the right to build
ships and operate mills if they see fit.
market of the World.
This company" says Mr.. Lawson of
Boston, speaking of the Amalgamated,
must become the owner. of all good
mines" NJ. Secretan and his associates
in France failed to control the copper
markets of the world because they did
not control the mines of the world.
Glance a minute at the task of the
great amalgamated copper syndicate
has cut out for itself.
Here are figures showing the devei-
opment of copper production in the
United States:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-05-14

Southern States ....... 1S,20l 31S $40
In tons, the total copper product of
the United States in 1870 was 1860;
1880. $1,000; 1889. 1O1.674, and in 1897,
239,679.
Outside Production.
If we turn now to the imports during
1897, we find that the value of the inn
ported fine copper in ore amounted to
SS16, $50, and that the value of imported
pigs. bars and old copper amounted to
81 Asa, Ole. OF the fine copper imported,
Germany contributed 10 tons; Quebec,
243: British Columbia, 1853: Mexico,
1852. and other countries. >. OF the i'm
ported pigs, bars and old copper, 6S, $50
pounds came from Germany, 591, 46S
from the United Kingdom. 5000 from
Quebec, Ontario and neighboring places,
l ,166,364 from British Columbia, II. $780,
023 from Mexico, 352, 594 from the Brit
ish West Indies, S2,521 from San Do
mingo, 1.029, S32 from Cuba, S95, 9Si from
Chile, 514,567 from Japan and 124,619
from other countries, making a grand
total of 16,929.09S pounds.
The copper industry in Europe has
also increased within the last decade,
though this increase has not been uni
form, as is clear from the following
figures. Comparing the production IN
1889 and in 1897. we find that in the
former year Great Britain produced 90j
tons and in the latter year $50, while in
1889 Austria produced LBS tons and
1.210 in 1897. In 1889 the output from
Spain and Portugal was as follows:
Rio Tinto. $500 tons: Tharsis, IL 900:
Mason and Barry, $3.50; Sevilla, 1850
and other mines. ITO. In 1897 Rio
Tinto produced 33,923 tons: Tharsis
II. 900; Mason and Barry. 1890; Sevilla,
So and other mines, 1850.
In 1889 the output from the Mansfield
mines in Germany was 1896 tons and
from other German mines 1850. and in
1897 the output from the Mansfield
mines was 1850 tons and from other
German mines 2,1S5. Hungary produced
800 tons in 1889 and AS in 1897: Sweden
$50 in 1889 and 545 in 1897; Norway. 1.35I
in 1889 and 3,450 in 1897; Italy, 1900 III
1889 and 3.400 in 1897, and Russia, 400
in 1889 and 5000 in 1897. The total pro-
duction from these countries in 1885
was 1,613 tons, and in 1897, SS,S2S.
United States Dominates.
Bearing in mind that the copper pro-
duction of the United States in 1885,
was 101 ,674 tons and in 1897 239.6I9 tons
and assuming that the copper syndi-
cate can in time control the output OF
| the United States, it is instructive &c
glance at the. copper output of the en-
tire world for the two years given:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-05-14

are reported 10 be under way to have
this settled out of court. Then will
come a consolidation of the important
Lake Superior copper mines, and os-
sibly of the Arizona mines. Iii getting
control of the copper output in certain
sections il will be the aim of the pro-
moters to bring into line certain other
industries which are of a kindred ma
ture, or which are of vital Importance
to the copper industry.
For instance, in the first deal the
Amalgamated Copper company, all of
the lumber interests in that territory
are acquired by the copper company
Lumber in large quantities is needed
for use in equipping the mines, and If
they don't acquire the forests they
would be at the mercy of anybody who
chose to buy up these lands, and they
might have to pay high prices for their
supplies. They will also secure al the
necessary smelters.
While the Rockefellers, J. Pierpont
Morgan and perhaps the Rothschilcs
are furnishing most of the money fer
building up this mighty trust, the act
ual work in bringing together the prop
critics is under the supervision of H. III.
Rogers, who is one of the shrewdest of
the Standard Oil group.
TOPPER wen the Oedl.
The president of the new Amalga-
mated company is Marcus DAILY. who,
with ]. b. Haggin, is said to have con-
Quoted the deal for the purchase of a
control of the Anaconda company,
900, 600 This famous mine was origi-
nally started by Mr.. Haggin and his
friends. whose minds were set on sill
ver 1t still yields silver, but it is IA
nous for its copper output, which is
the largest of any mine in the world.
Daily and Haggin have long been a
power in Montana. William n. Clark,
whose copper properties are chiefly in
Arizona, the United Verde being the
largest of his mines, also has properties
in Montana, and he is likely to figure
in the coming copper combination
Leonard Lewisohn, who opened up the
old Boston & Montana mine years ago,
went to Montana from New York more
than twenty years ago, before IL had a
railroad, and as a copper expert gave
an impetus to mining that resulted III
the opening up of many paying veins
in that section. Mr.. Lewisohn later
branched out in the Lake Superior re-
gion. and he is largely interested in
the Tamarack, Isle Royale and Osceola
mines, which, il is likely, will be taken
into the combination. Like all of the
other factors in the great combination,
Mr. Lewisohn has refrained from say
ing anything, and from confirming the
fact that even negotiations are under
way for such a merger of interests.
Other active factors in the scheme are
Mr.. A. c. Burrase of Boston, who is q
recognized representative of the Stand
ard Oil contingent, and Mr.. A. S. Bige-
low of. Boston. president of the Boston
& Montana mine.
Sweeping Power of Allied Companies
As an indication of which way the
wind is blowing, it may be said that
during the last three months severa
subsidiary copper companies have beer
organized under the laws of New Jer-
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-05-14

when the Secretan syndicate failed In
France back in the sos, ii left the world
visible supply of copper which was
very large for the needs of the times
something like 100000 tons in round
numbers In addition, there was an
invisible supply, which, it is said, was
so large that il caused the French syn
dicateS undoing. For a time The VS.
ible supply of copper remained prac-
tically untouched. and then the sudden
increase of electrical machinery re-
suited in heavy drafts being made upon
/ it. Then the uses to which copper Is
applied have multiplied amazingly dur
ing the last ten or twelve years, and
| as a result the visible supply of cop
per has been reduced to merely NOM
, inal figure.
The demand has been steadily great
er than the supply, so that, in spite of
, the constant development of new mines,
the price of copper has been forced up
ward from 10 to nearly 20 cents a
pound. This state of things, the Bos-
ton opera tors say, was foreseen from
the time of the French syndicate's fail
ure and while these operators have
not been able to keep pace with the
multifarious adaptations of the metal
they nursed the boom and built broad
/ foundation. upon which the Standard
/ oil company promises to erect an
enormous industry. OF course. the
! Calumet & Hecla, with its exceptional
| ly rich vein, has been ii unique feature
in the field of copper companies. It
made great fortunes for its larger
] stockholders years ago. and is almost
| doubling these fortunes every twelve
or fifteen months.
Chasing the Output.
But the Calumet & Hecla, with its
surprising output, has been unable to
between the demand and the supply.
The Agassiz family, Quincy Shaw and
that group of men have managed their
great property conservatively and very
profitably. but the trade has constantly
demanded more copper and more mines.
The BiSelow family were pioneers in
the copper field. and the advance in IA
cilities for production since the French
syndicates failure have come largely
from Mr. A. S. Bigelow and the gem
tlemen interested with him. Mr. Bige-
! low began his official connection with
/ copper companies in 1873, as secretary
of the Osceola. Since then he has been
! instrumental in putting forward a large
proportion of the Boston copper COM
1 panies, not as a promoter. but as a
! legitimate business man who owns a
! large interest in the new properties
and retains a voice in their manage
ment. Mr.. Bigelow has been president
! of many of these companies, and an
officer in many others. and is credited
with being chiefly instrumental in
keeping the control of copper mining
in Boston. This work was all prepar-
atory to the boom and the stockhoId-
ers in the Bigelow group of properties
have realized immense profits from the
sale of these stocks to the Standard
Oil people.
Who Lawson Is.
The immediate agent and instigato tor
of the great deal is Thomas w. Law
son, d broker, who for the last two or
three years has talked TO the public as
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-05-14

obeyed orders for a coat The lad had
never told what his motive was. But
when the commodore talked to him in
a fatherly way and asked him why he
had done such strange things for an
old coat when he could have had plenty
more new ones, he broke into tears and
told the commodore that his mother
picture was in the coat Commodore
Dewey's eyes flied as he listened to the
story Then he picked up the boy in
his arms and embraced him. He order
ed the little fellow to be instantly re-
leased and pardoned. A boy who loves
his mother enough to risk his life for
her picture cannot be kept in irons on
my fleet he said
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-05-14

by a furnace in the basement was
Something entirely new, held his hands
over the register in the floor, from
which the heated air was coming up in
a gratifying volume.
well" he said. beaning with sat
isfaction, Its a wonder to me you get
so much heat on a cold day like TINS
when everybody else is trying to keep
his house warm.
why, where do you suppose II comes
from. uncle?" asked his nephew
'Of course / don't know exactly, re-
Piled Uncle Hiram, but l know you
get your water from the waterworhs.
and I've always had an idea that you
got your fire from the Networks
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-05-14
Subscrip- Pres
Now the New York End.

This tells the Boston end of the story.
The New York end begins with the
Standard Oil company becoming inter
ested The first move of these manip-
ulators and the men associated with
them was in the direction of a acquir-
ing an interest in the Anaconda, Parrot
and other Montana mines. This is rep
resented as a Large interest" Only
those who are in the deal know whether
it is a controlling interest. The public
takes that on trust.
1t is understood that the entire hold
ings of j. Is. Haggin and his associates
were acquired. The stock held in Eng
land came comparatively cheap. as
these folks didn't appear to have much
confidence in the copper situation, and
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-05-14
DEWEY AND A POWDER BOY
WHY THE ADMIRAL PARDoNED
A LAD FOR DISoBEDIENCE.
The Boy Jumped Overheard to Save
His Mothers Photograph-Sailors
From Raleigh Tell About Manila.
UKansas City Starr

New York.-Sailors on the Raleigh
are telling over their accounts of the
battle of Manila bay. One question has
had particular attention. 1t is. What
about Dewey"
admiral Dewey's grown gray out
there" was the answer to this new
question aboard ship. Hes almost
white now. where he used to have
streaks of dark in his moustache and
his hair. But he seems hearty and jolly
among the folks he talks with. As for
us sailors, there's no question but what
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-05-14
The Liver Keeps People Well.

When the liver IS SLUGGISH, an other
,~g,ns are involved. You suffer from
Constipation, Billiousness, Jaundice,
Headache, Indigestion. Pain in Back,
ChiIIs and Loss of Energy. You will
lever know how promptly these trou-
h,ss can be cured until you use Herb
he n cures quickly when other rene
dies utterly fail. Regulates the Liver,
Purifies the Blood Heroine is a Harm
less Vegetable Remedy that gives new
life and energy almost from the first
dose Price, so cents Free Trial Bottle
At 2. c. NJ. l. Drug Department.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-05-14

$500, and saw no way of paying it.
went TO the parties and borrowed $500
more, bought copper shrewdly on a
three point margin. and after paying
off his whole Indebtedness has some
thing like $1,000 to the good.
So much for individual instances of
money making. Now, as TO the market
Here is a list of the copper companies,
the shares of which are dealt in on the
Boston exchange: