Evening star., 1902-03-15

Montana accused Heinze Of mining in that
cGmpany's ground and stealing their ore.
This was the treachery of the engineer.
Heinze denied the charge Then, with i'm
presslve mien Bigelow threatened immedi-
ate suit for S3O0.OG0. In Boston that would
have been very effective, but in the rarifed
air of Butte its force became dissipated.
Heinze replied:
If you do Mr.. Bigelow, I'll involve every
mine IN Butte in litigation.
Kept His Word, Too.
Bigelow sued and Heinze kept his word.
There are seventy-two cases now pending
In Montana courts. Until 1899 the fight was
purely local; New York had but passing
interest. Heinze admitted dividends of
100000 per annum, and used as much
more in legal expenses that he omitted in
annual statements. In 1899 the Amalga-
mated Copper Company Incorporated for
SIo,OOO,OOO and took over Daly's Anaconda
properties and some smaller mines. Rookie
feilers name and the backing of the City
Bank of New York assured confidence,
and the stock was five times over sub
scribed. By purchase the Amalgamated
became party to the litigation. Later
the Michael Davitt. claimed by both Heinze
and Amalgamated, reached the Supreme
Court and the court compelled IIeinze to
furnish bonds to the amount of $S2J, 600.
The Amalgamated placed double hurdle
with ditch between. But HeinZe found
the bonds and the Amalgamated absorbed
Boston and Montana and issued eighty
millions more stock to pay for it. At the
rate Of production then the Boston and
Montana could pay dividends of per cent
on the whole S155 900 600 Of the Amalga-
mated and their stock reached 80 But
HeinZe had been shutting a brand-new
deck in Montana, and a political campaign
was on. with the election Of two county
judges as the prizes. After a T.gnt in which
every vote was bitterly fought for. Helnze's
judges We're elected by handsome rlural
ties. Then the Amalgamated carried the
fight to the legislature, where they sought
by special legislation to move the cases to
other countries. but HeinZe cutgencraled
them and the governors vote. ended that
phase.
An Injunction Move.
Then followed an injunction secured by
John MacGinnis, Heinzes manager and a
stockholder in Boston and Montana, pro-
hibiting them from paying anv dividends
to the Amalgamated. Legal appeals failed
to dissolve the courts order and the
money instead of paying I per cent
dividends on Amalgamatad stock is accu-
mulating In the bank. 1t was an unex-
pected solar plexus blow and .hmalganated
shares dropped to 60, loss in value cf
SlOS, S,oooooO. All this was the effect Of an
order OF county judge receiving $1,000 a
year.
Then Amalgamated demanded more
bonds in the Michael Da.i.t case and the
court called on Heinze for $3.50 coo w. A.
Clark and his son. Charles W. Clark, who
had both been Heinze's friends had gone
over to the Amalgamatad. They had al
ways been ready to go on his bonds but
now declined. and here was the hurdle
Amalgamated expected Heinze 10 stumble
over. Bondsmen resident in Montana and
holding enough property In the state to
Justify in large a sum were scarce So
Heinze organized and Incorporated the
Delaware Surety Company. which company
furnished bond. The Amalgamaeei cb-
jected. and the Security Company put up
S3JOOOO in cash and that hurdle was
passed.
In litigation Heinze has developed both
acuteness and astuteness. His resources
have always been equal to any demand and
ne thinks no more of half dozen new law
suits than he does of eating a meal His
stan OF thirty attorneys Is kept busy apply
ing all the chcanery of the law, and they
nave become as expert in evading a hostile
court order as prairie dog is In lodging
the amateurs Winchester bullet. Then,
too, Heinze has the sympathy Of a very
large political following in Butte, and this
following supports him at the polls. in the
jury box and in the mines.
Earns Millions Now.
Today his properties. unincumbered by
litigation and worked to their full CAPACITY
would produce s2,50O,0OO net per year And
hampered by injunction and restraining
orders. they yield him million annually.
1idt Ht VIII Continue the HRnt Is certain,
and he has his own judges for three years
to come
With copper above nine cents he can
make enough money to pay all expenses
legal and mining. AT seventeen cents he
grows rich. Combined with Amalgamated
and judiciously managed, l. per cent could
be paid Indefinitely upon $500. 600 600.
HeinZe cannot checkmate Amalgamated
though so long as Boston and Montana
dividends tied up Amalgamated divi-
deEds must be small possibly less than
per cent while Heinze can still make his
half million a year.
Thirtytwo years old, he holds the wise
men of Standard Oil and Amalgamated at
bay. and while they are haltng he is busy
devising new methods of attack Eyentu-
ally he will win, by forcing them to COM
promise on his terms. and when he does he
will justly have earned his title as the Ma
poleon Of the copper world.