Daily inter mountain. [volume] (Butte, Mont.) 1881-1901, 1900-02-02
Denies RumOr That He Has
Been Succeeded by Hyams
SELLING TRUST
LeWisOhnS Absorbed by Concern That
Will Handle 20 Per Cent Of
Output.

view 1Ofk, req. "A report mas Deen
received in this city to the effect that
Marcus Daily had resigned the presi-
dency of the A~malgamated Copper COM
; pany, hat he had been succeeded by G..
NJ. Hyams, general manager of the Bos-
ton & Montana, and that a settlement
at an early date of the extensive litiga-
ton now going on among the copper
companies of Montana was likely. Mr..
Daily was interviewed in this city upon
the subject. He said:
II don't know where this rumor origi-
mated. l am certain nothing is known
about 1t at the offices of the Amalgam-
ated company or the American company.
1t Is not true. The Amalgamated COM
pany is runnig along satisfactorily. 1t
is paying dividends. Tine stock is all
right. 1t has suffered perhaps like all
other securities, but it will be better"
Questioned regarding W. A. Clark, he
| said:
You have read in the papers about
the fight between the multi-millionairas
Daily and Clark, but it is mostly non
sense. If Mr.. Clark's fortune and my
fortune were rolled into one, l doubt If
1t would come to anything near the fig
ures often mentioned. Thu fight against
Mr.. Clark in Montana is being made by
the young men. I have nothing to do
with it,"
MI. DAILY was asked about his pros
poets for racing mex session. He re-
piled:
II don't know yet what I shall do. I
nave a number of horses, but the expe-
rfences of the last year or two have not
tended to make me an enthusiast. 1 will
see later Q a trainer and other de-
tails, but I am somewhat undecided
| yet"
New York, Feb. 2.-The United Metal
Selling company, which was Incorporated
q lew days g under New Jersey laws.
with a capital of SIS, 900, 600, is a highly
important organization. 1t is learned
n the company will absorb the firm Of
Lewischn Brothers of this city, and that
It VIII handle the entire output of the
Amalgamated Copper company, as we'll
81 tHe otner large business now conduct
Cd by LewisOhn Brothers,.
"A embe of the firm Of Iewisohn
Brothers confirmed the report that the
nrm would he absorbed by the new COM
pany The new concern will in effect he
an expansion of the business of the firm
with the difference that other capitalists
in the Amalgamated Copper comnanv
will also be Interested. h new com,
pany, it is stated, will not acquire any
ether interests in this city than the firm
of LeWisohn Brothers. The So. 900, OO)
capital is all in common stock.
The directors of the company are: VIM.
Rockefeller, Henry H.. Rogers, Leonard
LeWisohn, Adolph Lewisohn and Charles
c. Beaman.
OF these men the first two named ara
NOW to be heavily interested in the
Amalgamated Copper Leon
ard and Adolph Lewiston are of the firm
or LeWisohn Brothers and Mr.. Beaman
is a member of the law firm of Eyarts
Choate and Beaman. Officers will be
elected in a few days.
Messrs, Lewisohn Brothers. aside from
laNge business in his and other
metals, are the largest handlers of conner
IN the country. Among the mines whose
output is sold through them and which
Will now, it is understood, be sold through
the United Metals Selling are
the following: Lake Superior mines-the
Tamarack, Isle Royle, Arcadian and Os-
ceo!a n the Kearsarge.
Montana mines-The Amalgamated
Copper company (~incIuding the Aha
conda. Washoe, Parrot and Co,orad,
smelling and probably others); the Bos-
ton & Montana and the Butte & Boston.
Arizona mines-United Verde towned
principally by Senator w. A. Clark. the
oio DOMINION n the Arizona Copper
Utah-The Utah Consolidated. otber-
wise known as the Highland Boy. m.
amount OF copper sold through the firm
named at the present is said to be nearly
20 per cent Of the entire output of this
country, or over 800, 600, 900 ounds an
nually.
Among the mines for which Lewisohn
Brothers have not been the selling
agents and which, 1T is believed, will not
sell through the new company, are the
The Calumet & Hecla. which
next to the Anaconda is the largest nro.
Queer of copper in the world. The inter.
ests identified with the Amaigamatad
Copper are said RI hove 80.