Daily inter mountain. [volume] (Butte, Mont.) 1881-1901, 1899-06-17
In Anaconda Company Sold to
Rockefeller
STORY FROM SALT LAKE
To the Effect That Daily, Haggin and
Tevis Received $23,OOO,O 900
For Their Interests.

The story comes from Salt Lake that
Marcus DAILY and his associates in the
Anaconda Copper Mining company have
sold all their holdings in that company's
vast and various interests to the eastern
people who are supposed to control the
destinies of the Amalgamated Copper
company. Mr.. DAILY, however, according
to the story is under contract to remain
with the newly formed company for one
year, so tina there will be no changes
until after the year 1900.
The Salt Lake Herald first CAV cur
rency to the story but gives no authority
for the statements made. By a number of
people the information is considered re-
liable as far as the sale goes, but the story
that Mr.. Daily would quit Montana is be-
lieved to be entirely without foundation.
Mr.. DAILY on more than one occasion has
said that Montana would always be his
home. The following is the article pub
lished by the Herald Of Salt Lake yester-
day morning:
Marcus Daily. the maker n builder
of Anaconda, the man who more than
all others has helped to give Montana
a name and a place in the history of
this nation, is about to retire from the
state where he has acquired millions
for himself and for others. More millions
are involved in the deal by which Mr..
| Daily retires. The sum for which his and
his associates holding We're sold is cal
culated to make most men gasp for the
figure is S23, O00, 900.
Of this amount Mr.. Daily pockets &c.
| 600. 900. J.. b. Haggin gets $9,O 0 900 and
Lloyd Tevis of San Francisco 5 $1,000, 900.
! The properties are purchased by an
eastern syndicate headed by John D.
Rockefeller and other Standard Oil
magnates. In the transfer are in
cluded practically the entire town of
Anaconda with it's mines and smelters,
vast coal and timber lands and all the
accessories that go to make up a
p~rincely property. Even for this vast
sum. however, the purchasers do not
become the sole owners. A London syn
dictate that two years ago bought the in
! terest of the Hearst estate for S.. DOC, 600
still ownst that fragment.
Mr.. Daily has agreed to remain as
manager Of the entire property for
one year. His salary is reported to be
S25. 900. At the end of that time, he will
go on a tour around the world and, as he
said to a friend, he hopes to be able to
forget all about mines and mining. He
certainly won't bother about business any
more.
Marcus Daily is distinctly a western
product. Less than a third of a cen
fury ago his capital consisted of a
grub stake" and a prospector's kit.
In addition to these, though, he had
a heart that was clear grit, never failing
nerve and an optimistic temperament.
Utah can reasonably lay claim to Marcus
Daily. He came here from White Pine,
New, in 1871.
At that time he was a foreman in the
then celebrated Emma mine. His first
Utah venture was in the Ophir district.
Later he was employed by the Walker
brothers on Lion Hill in what is now the
Mercur district. This is the same hill
upon which the Northern Light is located
and Mr.. DAILY, with the Walkers, acquired
several claims there.
In 1875 he prospected some mines in
the Blue Ledge district but without
success. In the fall of the same year
Mr.. DAILY went to Montana in the interest
of the Walkers and himself His trip re-
suited in the purchase of the Alice which
he worked until 1880. Then Mr.. DAILY laid
the foundation of his immense fortune by
selling his share of the Alice to the Walk
ers for $50, 900.
With the money thus secured he pur-
chased half interests in the Anaconda
and the St. Lawrence, which adjoined
it on the east. His partner at the out
set was Charles Larrabee. In 1882
Larrabee sold his entire interest and
Daily sold half of his half to George
Hearst and J.. B. Haggin. Hearst was
dealing for himself. but Lloyd Tevis
was Jointly interested with Haggin.
The new firm did a lot Of branching
out. The properties were consolidated
under the name Of the Anaconda Mining
company. Numerous nearby claims We're
purchased, together with coal and timber
lands. From a struggling village of two
or three houses. Anaconda suddenly de-
veloped into a busting city. The mines
paid enormous dividends from the start
in addition to leaving enough money In
the treasury to pay for improvements.
Two years ago, as already stated, the
Hearst share was sold to an English syn
dictate for 1000, 600. BY the last deal
Haggin, Tevis and Daily retire, leaving
the Rockefellers in control. So will pass
Marcus DAILY from the state he did sc
much toward creating.
By no organization will his departure
be more regretted than by the labor
unions. A miner who once worked fol
Daily said last night: Marcus DAILY has
done more to keep up the price of labor
than any other man In Montana. HI
worked for wages himself once and HI
never forgot it. To his efforts alone. il
my judgment. is due the fact that miner:
in Montana today T. more pay thar
miners in any other western state"
Finest crown bridge work. Dr.. Wix.