The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1904-06-17
TRUST TO CONTROL
ALL METAL Mines
Most Gigantic Of All Combines
Is Now Planned by the
Rockfellers.
CLARK AND HEINZE IN 1T
Gold, Silver, Lead, Copper and othe.
Properties Are to Be Bought Com
pany of $%2,5oo,ooo,ooo Will
Control the Output.

New York, June 15.-Oflicial an
houncement will be made soon OF a gi-
gantic new combination of capital in
the United States and Europe. 1t is
nothing less than an a1nalgamation OF
all the valuable metal mines of Ameri-
ca, and the man who is TO consummate
this ~Stupendous transaction is John ID.
Rockefeller. Men who have some
knowledge of the work going on in
furtherance of the plan say the new
corporation will have u par capital of
s., 500, 900. 900. 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 I'll. II. Rog-
ers. who have been conspicuously iden-
titled with the mineral interests of the
Standard OIL company. For ten years
the Standard Oil m~illionaires have been
acquiring the mines of America through
their banking interests.
Details of Mines to Be Urged.
In Colorado David Moffat and Dennis
Sullivan of the First National bank of
Denver haNe paid out many millions in
the last six years for producing mines
and are said to control 20 per cent. of
the producing gold, silver and lead
mines of the middle Rocky mountain
district. In California the western mine
owning combination controlled by the
Haggin and affiliated interests has been
ready for some time to enter into ant
arrangement 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 LARGO hp1linpS i'm ,,a,1y of t1a
~Amalgamated Copper company's mines
In Montana, has been working with Mr..
Rogers for several years. The extern
sive placer gold interests of southern
California controlled by the southern
California banks are in such condition
that they a be taken oven at any
time.
+. A. Heinze. the young man who has
given the Standard Oil copper interests
in Montana SO much trouble, has been
in this city for several weeks. He will
not affirm or deny that he is negotiating
directly with Mr.. Rockefeller for the
turning over of his interest in Montana
to the new combine.
The only stumbling block in the way
of the lea is the insistency of Mr..
Heinze on being made an officer of the
new company, which will make it pos
sible for him to keep certain promises
made to the labor unions of Montana.
1t is said that Mr.. Rockefeller has ask
ed MIR. Rogers, who has sworn eternal
enmtty to Heinze. to withdraw his OBJ
lection to Heinze's request to be made
an official of the combine.
kearns Sells to Rockefeller.
Senator kearns of Utah has only re.
Gently sold to Mr.. Rockefeller his val
liable mines for Yer ST. 00. 900. In Ida
no the Standard Oil company has had
control of the producing mines for
years. In New Mexico the lead mines
near the western border passed into
control of the National City bank sew
eral years ago, and there are at pres
ent, according to Mr.. Robbins, a law
yer who has Cor years been identified
with Standard Oil mining litigation, few
mining districts in America where Mr..
Rockefeller is not dominant.
In working out the .deal Mr.. Rookie
felier hopes to be able to secure from
the United States government a corps
of engineers to give to the public a re-
port OF the actual values of the prop
critics to be consolidated.
Senator kearns when in this city last
week said that he had no doubt that by
January 1, 1905, Mr.. Rockefeller would
be in a position to make the final move
in his long-cherished plan.
Dennis Ryan of st. Paul, one of the
best known mining men in the north
west and owner of the Ryan hotel in st.
Paul, is in his city at present, and is
said to have been the means of selling
to Mr.. Rockefeller within the last week
a group of gold and copper mining
properties in Washington and southern
British Columbia. Mr.. Ryan would not
confirm the report. When asked about
Mr.. Rockefeller's proposed combination
he said:
Il don't know very much about it,
except when he gets the thing in work
ing shape and springs it on the public
1T 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 spec
ulators of the world wonder whether
they have been awake or asleep for the
last ten years.