Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-06-13
70 ANA[GANA|E MINES
John d. Rockefeller Soon to
Effect Gigantic New Com
bination OF Capital
PAR CAPITAL OF s2,5oo,ooo,ooo
PAR CAPITAL OF s2,5oo,ooo,ooo
Corporation Expected to Control Alb
soIuteIy the Output Of Practically
States and Europe-WilI Take the
Peoples Breath Away.

AN0W 1 yin, OuilS
will be made soon of gigantic new
combination of capital in the Unitei
than amalgamation of the valuable
mines of America, and the man whc
is to consummate this stupendous
transaction is John d. Rockefeller.
Men who have some knowledge OF
the work now going on in furtherance
OF the plan, say that the corporation
under which the big mining interests
will be merged will have par capital
of $500. 100000. 1t is expected to
control absolutely, the mineral output
of the United States except, possibly
that of the Calumet and Hecla copper
mine of Michigan.
Within the last ten days Mr. Rookie
Teller has taken up personally the task
which had been left to his brother
William Rockefeller, and to H. ii. Rog
ers, who have been conspicuously 1den-
titled with the mineral interests of the
Standard Oil Company. For ten years
the Stand Oil millionaires have been
acquiring the mines Of America thru
their banking interests.
In Colorado, David H. Moffat and
Dennis Sullivan, of the First National
bank of Denver. have paid out many
millions in the last six years for
mines and control 70 per cent of the
producing gold, silver and lead mines
of the middle Rocky Mountain dis
trict.
In California, the western mine
owning combination, controlled by the
Haggin and affiliated interests. have
been ready for some time to enter into
an agreement with Mr.. Rockefeller for
a general combination Of mining prop
critics.
Senator w. A. Clark, owner of the
United Verde copper mines OF Arizona
and with larger holdings in many OF
the Amalgamated Copper Company
mines. in Montana, has been working
with Mr.. Rogers for several years.
+. A. Heinze, who has given the
Standard Oil and copper interests In
Montana much trouble, has been n
this city for several weeks. He is ne
gotiating direct with Mr.. Rockefeller
for the turning over of his interest
in Montana to the new combine.
Senator Kearns. of Utah, has only
recently sold to Mr.. Rockefeller his
valuable mines for something con-
siderabIy more than 100000 In Idaho
the Standard Oil Company has had
control of the producing mines for
some years. In New Mexico the LEAD
mines near the western border, passed
into control of the National City bank
some years ago, and there are at the
present time few mining districts n
America where Mr.. Rockefeller is not
dominant.
In working out the deal Mr.. Rookie
Teller hopes to be able to secure from
the United States government corps
of engineers to give to the public
Of the actual value OF the prop
critics to be consolidated.
Senator Kearns says he has no doubt
that by Jan. /, 1905, Mr.. Rockefeller
win be in a position to make the f1nai
move in his long cherished plan
Dennis Ryan, of st. Paul, one of the
hest known mining men in the north
west. is in this city, and has been the
means of selling to Mr.. Rockefeller
within the past week a group OF gold
and copper mining properties In WASH
ington and southern British Column
bia. When asked about Mr.. Roeke-
feller's proposed combination, he SAID:
81 don't know much about 1t, ex-
cept when he gets the thing In working
shape and springs 1t on the pubic II
will take peoples breath away. When
he discloses what he controls in the
way Of mines that are producing real
ore, he will make the mining specula :
ton of the world wonder whether they
have been awake or asleep for the last