The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-09-25

assets for $50, 100000, which he claimed to
be due him.
At this stage Of affairs, Arthur P.
elder brother, having absolute confidence
in his brothers ability and the justice of
his cause, stepped in, pledged his entire
fortune and raised the bonds necessary to
release the property from attachment.
But here the brothers were with a smelter
on their hands and no mine. Then it was
that pluck and some luck was needed F.
Aug boldly took hold of an old aban-
doned property, the Glengarry, and in
two weeks time had discovered a large
ore body and was raising sufficient ton
mage to supply the smelter. But the
Glengarry soon showed signs Of probable
exhaustion as the vein on the 400-foot
level turned to iron, and this iron con-
tinued to the Soo-foot level, 50 that
young Heinze speedily had to look for
other fields to conquer. He selected the
Rarus, a property due east from " the
famous Anaconda, and only 1000 feet
away from the latter's eastern end line,
which some poor Frenchmen We're work.
ing They had always demanded 100000
for the property, which was considered
exorbitant by the large mining companies,
so there the mine lay until F. Aug
Heinze took hold of it, developed it into
a great mine, and purchased it for $780,
900. This mine has since produced be-
tween $4,000 and 100000 tons of copper
ore per month, or considerably in excess
of 1O0 900, 900 pounds Of copper, several
million ounces of silver and a large
amount of gold. To-day it looks better
than ever before, with a larger tonnage of
higher grade ore in sight than it ever had.
This mine was the great bone of con-
| become world famous. On the 450-foot
| level of the mine was an ore body that
swelled to 300 feet in width, of fair con-
centrating ore. While Mr.. Heinze was
away in British Columbia building rail-
| road through the wilderness and a smelt-
| er to treat the ores from the LeRoi mine,
| action was commenced to gain possession
| of Heinze's Earus mine and smelter.
| This was in March, 1897. They succeed
! ed in so far that they closed down his
Rarus mine, OF nearly so, by destroying
| its extra-lateral rights. Heinze's Butte
| bankers called their loans, but Heinze
paid them, fell back upon vertical lines
and developed great mine under his. own
surface, keeping his smelter going at all
| hazards. He then looked about for means
to extricate himself from the unpleasant
situation of owning a smelter with an
indebtedness of $1,000, 600 and only Grip
pled mine to supply it He and his
brother Arthur agreed the thing to do was
to obtain additional mining territory.
| Older men in their animation hesltated
and advised working out what was in
hand: but the HeinzeS took options on
| practically every available piece of ground
in the Butte producing territory, and luck
went with them By an expenditure OF
| 81. SOC, 900 during three years. they bought
all these interests and developed prac-
ticaIly, every claim they had an option on
| into a great producing copper mine
While fighting most powerful oppon-
| ents these young men have gone on IN
| daunted, believing in success in the END
| and to-day, after five years of legal war
| fare and expenditure of several millions
| in defensive and offensive litigation, thu
company OF companies controlled by these
two Heinzss have increased their pro
ductien of copper from S,00D,o00 or To-
0oo. 900 pounds year to 42,00D,00D pounds
! earning net profits In excess of $1,50Q,O co.
q year in spite of the present price OF cop
per, and but fDr injunctions IN about 10
lawsuits they cunld easily be prDdncin.
GO, 0DD, 900 pounds annually
i The contention has been that though
the Heinzes' ray own twenty or NOR
mines in the richest copper district o
the world, none Of said mines have ex
tralatera1 rights, while al the mines Q
thar opponents are chimsd to have sue
rigautR. n the HeinueB discovered or
ho6fiss outside their vertical lines. tntunr