The Washington times., 1903-09-20
COPPER WAR WILL
NOW Be FOUGHT
OUT IN THE EAST
Financial Agents of the
Heinze Interests to
Open Offices Here.
ATTACK SENATOR CLARK
Opponents Coming to Wash .
ington to Sustain Charges
Made at Butte.
ATTACK SENATOR CLARK

The colossal copper mining interests
Of F. Augustus Heinze, now engaged IN
bitter struggle with the Amalgamat ID
Copper Company, are soon to be repre-
sented in Washington The Aetna Bank
ing and Trust Company, financial agents
for the Heinze properties, are TO open
Offices at 1922 F Street not later .han
october 1. The headquarters of the
Aetna Company are to be transferred
to the new Office from Butte. Mon. aad
the president. A. B. Clements. formerly
a resident of Washington. and for many
years associated I'm business With MI.
Heipze. is to assume charge of the
establishment.
An Important Office.
The great volume of financial busi-
ness handled by the Heinze interests in
the East are hereafter to be transacted
from the Washington Office. In addition
to this the corporation, which has many
branches in the West. is to establish
an Eastern trade on its own account.
In view OF the great struggle now be-
Ing waged between the Heinze faction
and the Amaigamated Copper Company.
the establishment of q Washington
financial agency for the first named in
terests is significant development In
the tight. What is the real purpose Of
the move has not been revealed. but the
facts in the case themselves throw
some light on the situation
About two years ago the Columbia
National Bank and the First National
Bank OF New York consolidated. Each
had eapita1 of S5.0o0.ec0 AT the time
it was reported that the merger was
effected to prevent the Columbia Bank
which had been handling the Heinze
Eastern financial business. from further
dealings with that company. The Anal
gamated Company was reported to be
at the bottom Of the deal.
The legal struggle between the two
companies concerns the ownership OF the
Minnie Healy mine. valued at 5000 600,
and one of the most prolific pieces of
mining property in the Butte district
The case has been taken to a higher
court, and each side is leaving no stone
unturned to gain a victory. The pro-
ecedings have revealed a disgraceful
political situation in Montana.
To Fight Clark.
One of the sensational Developments
OF the struggle is the announcement
that Heinze is to vigorously oppose the
reelection OF Senator Clark. the larg' st
stakeholder in the Amalgamated- The
opposition is based on a personal feel
ing, the estranged business relations.
and the desire to obtain legislation in
his own favor.
The Aetna Company has a capital OF
800 600. and the stock has a par value
OF 500. With the opening of the new
office the capital is TO be increased, and
the stock probably be listed on the local
exchange. The original charter was Cb-
tanned in West Virginia. and it permits
the organizing of branches in all parts
of the country.
Mr.. Clements was formerly a naval
oficer. He resigned some years ago
while living in Washington. He was at
one time vice president of the Helena.
Mon. National Bank, and six years ago
he became manager of the Aetna Trust
Company, of which Heinze was presi-
dent. About six months ago he bougat
out most OF the other interests and be-
came president of the concern.