Middlebury register. (Middlebury, Vt.) 1886-1937, 1900-11-16
COPPER KING DEAD.
Marcus Daily Passes Away In
a New York Hotel.
MILLIONAIRE ONCE A POOR IRISH LAD
Development of the Anaconda and
Other Montana Mining Property
Reads Like IL Eomnnce-FOrmer
One of Greatest In the world.

One of Greatest In the World
NEW YORK, Nov. 13.-Marcus DAILY,
the copper king, whose wealth is estmat
ed at between O,OOO.OOO and SJO.OO0,-
600. is dead in the Hotel Nethcrland.
lie will be buried from the palace he
reared at 725 Fifth avenue and which
he never had occupied. 1t was his am
bition to have the handsomcst home
along the highway of wealth. 1t will be
his temporary tomb.
Marcus DAILY was born in June 1910,
in County Cavan, near BallyjHmcsduif,
Ireland. He came to this city when only
is and lived for two years in Brooklyn.
Then he went west.
The development of the copper mining
properties is one Of the most interesting
romances of the rapid creation of wealth
in the Rockies. Somewhere back in the
seventies two miners named Hickey. who
came from st. Lawrence county, y. Y,
began to sink shaft on Il hill overlook
ing the little mining camp of Butte. 1t
was Il bleak place, well up on the west
ern slopes of the main divide. In a
valley hard by ran the Silver Bow creek,
and along its banks the gold seekers had
washed out about all the yellow metal
that could be found in the gravel and
outcrOppings of silver ore on the faces
of the hills. a few paying mines had
been opened
| Edward Hickey remembered a sentence
he had read in one of Horace Greeleys
editorials when he and his brother were
living on their New York state farm, a
sentence about McClcllan's army closing
in around Richmond like huge anacon-
da, and he gave the name of the big
snake to the new hole in the ground. A
fairly promising vein Of silver was
struck, but the Hickeys had no money
to go on with the mine and wanted to
sell it.
stalwart young Irish miner named
Marcus DAILY had been noticed about
the camp for some time. He would
work in n mine for a week or two and
then call for his timc saying that he had
the rheumatism and wanted to lay off
for awhile. Then he would get a job in
another mine and again quit after Il
short spell of work.
This young man had been sent ont to
Butte by j. b. Haggn of California to
pick up some good mining properties,
and he bought the Anaconda for his prin-
cipal for $4,000
What Haggin wanted was a silver
mine. Nobody at that time suspected
that there was a vast wealth of copper
ore underlying Butte. but as the Ana
conda shaft was sunk deeper the silver
vein turned into rich copper vein. car
rying, besides its phenomenal wealth of
copper enough silver to pay all expenses
of mining and smelling, that the cop
per was all clean profit.
DAILY was superintendent and part
owner. He showed himself to be man
of great business capacity and of mas
terful temper. lie developed the mine.
bought adjacent mines on the copper
vein. and. wanting place to reduce
and smclt his ores where water and
wood were plentiful, he founded the
town of Anaconda in valley some -
miles away and there established the
greatest copper plant in the world.
He was not satisfied with the rates the
Montana Union railroad charged him
for transporting his ores, 50 he built a
parallel road from Butte to Anaconda.
The Anaconda now produces onc-fourth
of the entire copper output of the globe.
lis annual product exceeds that of all
the Lake Superior mines combined. Last
year the assets of the Montana company
were figured up ut S37.ON7 .O92, and its
net profits were $3S62 600 1t has
100000 tons of ore in sight in its
Mines and no one of its shafts is down
farther than Loo feet How much
deeper the vein goes into the bowels of
the earth is matter of conjecture. Al
this vast increase in actual wealth from
the original $4,000 paid the IIckeys has
come out of the ground Butte, now
city of 10000 people has many mines be-
sides the Anaconda, but none that APP
proaches it in value.
DAILY was worth many millions in his
own right. His only extravaganza was
his passion for fine horses