New-York tribune., 1901-03-09
THE PASSING THRONG.

P. A OFarrell. of Butte. Mont. is staying in
this city at the waldorf-Astoria. Mr.. O'Farrell is
closely identified with F. A Heinze,
THE MON Of Butte. whose litigation with the
TANA COP Amalgamated Copper Company
PER FIGHT. has. kept the courts OF Montana
busy for several years. There are
at present something like hundred suits and
countersuits pending and the amount involved is
away up in the millions. Speaking of the rumors
which constantly get into circulation of an adjust
said yesterday: All talk of settlement, either at
this time or any other between Henze and the
Amalgamated Copper Company is pure moonshine
Furthermore, all this talk of compromise with
copper interests in Butte are comparatively small;
so small. in fact TO have little or no bearing
to do with those of Henze. 1t would be of little
consequence if Senator Clark his be-
came president of the Amalgamated Copper Com
Pany. The selection Of either would not change
as the breadth of hair.
"Henze owns the virgin copper mines of Butte,
mines like the Anaconda, which have been depleted
by twenty years or enormous produetlon- While
group of mines ne dug from them more than $780,,
much ore is st St left NOBODY knows for develop
ment work is wOfully behind in the Anaconda.
But this much we in Butte do know. and that is
that whereas the output OF the Anaconda used
formerly to be II 100000 pounds of copper a month.
present is shipping 5000 tons of copper ore a day
but the copper in that ore runs only about 2s per
put and smaller margin of profit
Another thing that is absurd Is the story Just
in circulation, to the effect that the Anal
gamated will cut its years dvf-
TALK OF dend 10 per cent in order 10 pro-
REDUCED vide $3 000OO0 fund with which to
DIVIDEND. carry the with Heinze. If
the Amalgamated splits it's dvi-
dend II will be because II is compelled to. and not
for the purpose that has been announced The
chief asset of the Amalgamated so far as outsiders
know, is the control of the Anaconda Its share
in the profits Of the Anaconda for the present hs
cal year will not be more than S2,250,OO9 Where
the other S,IJCt0 10 make up the needed S6OOO,OoO
for an per cent dividend the Amalgamated
stock Is to come from no one in Montana has the
faintest idea
The difference between Heinze and the Anal
gamated lies in the fact that HeinZe owns rich
virgin copper mines, and has therefore tremendous
resources. His profits he constantly puts into new
properties, and he has no stock market operations
to protect. The sympathy Of the people of Mon
war with the Amalgamated just as long as IL
suits his book to do He knows the battIe-
field which he fights better than do all his enc
mics combined. Heinze absolutely refused to be
harnessed to the Amalgamated Copper Company >
plough He said he would run his own copper
gamated company in Wall Street know little or
nothing about Montana copper except what is told
them by their subOrdinates in the West. AS IA
natural those SubOrdinateS send the best reports
possible 70 their employers HeinZe wants nothing
to be allowed TO mine the ore belonging TO
him. and IL is for this that he Is fighting. The
Amalgamated is doing its best AghtlnS in Wall
Street New-YOrk. and State Street. Boston. HetnZe
is doing his best fighting in Montana, and ne takes
interest in Wall and State Streets"