Daily inter mountain. [volume] (Butte, Mont.) 1881-1901, 1899-11-22
Some Gossip About the HeinZe
Interests.
IS HELD AT $25,0o0,OOO
A Bar to the Proposed Copper Con-
solidation- Quilp Mine Sold
Mining Briefs.

The Boston financial journals are rem
dering decisions, in advance of the court,
in the famous battle of the Montana Ore
Purchasing company and Boston &
Montana n specializing as to possible
results and the course the Amalgamated
will pursue in securing Mr.. Heinze's in
terests. The following is from the Bos-
ton News Bureaus:
Some day, when the smoke of battle
is not so thick, we may write a history
of the most interesting legal tussle tina
ever engaged the state of Montana, has
absorbed at least 81, 900, 900 a year in legal
expenses. n the issue of which is await
ed with interest by the representatives
of $500, 600, 600 of mining property, the flu
ture of which is all more or less at stake
in the battle.
AT present, it is of interest, however,
only to know that negotiations are in
sight again for a settlement of this con
troversy. The question of Heinze's
price is of interest and incidentally opens
up What the Amalgalnated Copper COM
pany must accomplish or pay for at it's
first step at Butte before i. marches fur
Their in it's Would-be conquest of the
| worlds copper market.
AT first MI. Heinze was looked upon
as a reckless adventurer in the Butte
camp and by some mysterious means in
control of a smelter without mine to feed
~. - was Salu lie was going TO pieces;
blu he did not. 1t was said he would
soon be unable to keep his smelter going,
but he has gone on increasing his pro-
duction until now he IS PROTECTING at the
rate of $4,000, 900 pounds per annuln 1t
was said that his whole outfit could be
had for a nominal sum, for a million or
two. but it was not worth it; then it was
declared that he asked $1,000 OO-a most
ridiculous price. Then when a receiver
was ordered to take possession of the
Boston & Montana, Heinze was offered
5000, 900 to sell out. Later the Amalga-
mated Copper people asked him if he
; would sell for $10.O 900, 900 and now it is de-
clared by friends of Mr.. Heinze that the
price of his property is $50, 900, 900 and he
might tax $25, 600. 900 cash. 1t is be-
lieved in independent circles who are
friendly to neither Mr.. Heinze nor the
~Amalgamated that $40, 900, 900 in gold GER
tificates would buy out the Montana Ore
Purchasing company, and all Mr.. Helm
yes mining property in Butte. which,
in a most un~accountable way. nave not
only grown very rich with depth, but
a somewhat networked the Butte
camp in such a way that he is well plant
ed on every one of he richest copper
bearing lodes of the district and in such
a situation IS to make imperative a large
part of the benefits of the proposed Butte
amalgamation.
eff Mr.. HeinZe can be secured for 800
O00, eco, the a~malgamation of the Butte
copper mines can go through upon the
lines originally proposed, and the pres
ent copper production of that camp $780,
O00, 900 pounds per annum) can be capital
lied for $3.50. 900. 900, or 81 per pound. and
show present net earnings of ST. ,000, 900
per annum, or about 7hc. per pound.
And the net return can be increased by
F., the economies of consolidated operation
by somewhere from two to five millions.
Then the problem of the future will be.
how to meet a declining market with an
Increased production and no suicidal in
tent