Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-05-06

tho conflicting interests together In the
Amnirnmnted copper company Win
Marcus DAILY 81 the Anaconda
company ~ president ana a
board Of directors, Including
representatives Of tho Anaconda, stand
ard on. =. picrponl Morgan co, lsna-
well =, Flower aud other Htrong pnnn'
ciai interests,
PROPERTIES ~ THE TRUST.
The mines Included In the Amnlga-
mated company have a value of about
$3.50. o00Oo0, They are
Anaconda. tkH,ifNUOn,
IioH,0n and Montana. tGo.0oo,ooo.
Butte ana Boston, t.o.00o,Vo0.
Parrot. f.0,00o.Oo0.
colorado smoltlng company. ieooo.-
900.
Utah Consolidated. ns.oOo,cco.
Isle Roynie, so 900.
Arcndian. fi0.coon0o.
The Utah Consolidated are located In
bingham canyon. Utah; the Isle llpyalc
and Arcadian Ia Lake Superior district
Of Michigan. the others nt Butte,
The great mine of an theFe great ones
II the Anaconda. ~ which Marcus DAILY.
the president ~ the Ainniganatcd COM
many. Il the general manager, and To
Mr. Daly'a magnificent management
aud the foresight and confidence IN the
mine dlaplayod.by him and his partner.
!. u. llaggin, n due ila standing az
tho greatest copper mine IN the world
from the standpoint of production,
Marcus DAILY went 10 Butte In tho
'i0R. taking charge ~ the Alice silver
mine. on his recommendation the Ana
ronda was purchased by Hnrgin.
Hearst and himself for q trlfiing sum.
~ the former owners had about given
II up o. silver mine and had not
paly'H foresight 60 see ita possibilities
as copper producer.
GENERALsHiP OF MARCUS DAILY.
Mr.. Daiy has been supreme In us
management ever since the day or ita
purchase. the wonderful strides u hhH
made being due TO his executive ablllty
aud hts mnstcrly Organization, Ia ten
years from tho time he took charge ~ u
there was no COPPER mine w the world
cqnallng Its production. n indecd any
other waa duplicating It's profits To
bring this result about In such time
needed al the talent and application OF
a man wonderfully Fiftel In his line %
wnrls--pfoperties adjoining were bought
developed and equipped, railroads
built. coal mines developed. timber
tracts purchased. saw mills erected.
until when all seemed complete the
Anaconda company was ut no ones
mercy for the thinga necessary TO It's
In an this Mr.. Days partners, J, II,
flhggin and senator Hearst, seconded
his every move and asked not for re-
turn on their original Investment. until
nearly $50. 600 900 had been dug out OF
the ground and put back into the pur-
chase. development and equipment OF
tho c0mpany'a properties,
senator Hearst died about the tlme
the harvest was ready and HIS widow
sold her interest 10 the Rothsohllda for
a nrincely figure.
In neory OF her husband, and per-
haps 10 chow her gratitude TO his
loyal partner Mrs. Hearst has hnd
erected In the city Of Anaconda beau.
tlful building, stored II with one ~ tho
finest libraries NJ the rlxe and endowed
u 10 provide for liH maintenance fore
ever.
The Anaconda produced last year
more hnc cooper than the entire Lake
superior diHtrlot. and nearly one-third
~ the product ~ the United States,
NJ the present price ~ copper u alone II
earning more than 10 per cent on $780,
OO0. 600
An this ms becn accomplished with
the nmoothness that comes only
through rood management on a broad
fuaFe plan; things seen years before
they are % be rookoncd with ANA dis
The relations or the Aanconda COM
pany with iia employers stand as prOof
that good trcatment and rood pay TO
labor 10 compatible with the securing
" best results for capital,
Judging from The record Of Mr. DAILY
In his management OF the Anaconda.