Las Vegas daily optic. [volume] (Las Vegas, N.M.) 1880-1908, 1904-06-23

prlMttEg cOMHiillFe WHO II n III
teres,s Of the taxpayers desired 10
make ii the official organ Of the city.
The people OF this city read The OPP
liz ana they expect to keep track Of
the doings Of the city fathers through
it, columns. They would right?
regard as outrageous an attempt 70
tax them for the publication Of ordi
n~ances in 4 spanisr weekly
PROPOSED COPPER MERGER
Neither Mr.. John d Rockefeller nor
any one of his close business associates
has denied the report that the stand
ard Oh magnate ID making plans for
the control Of the copper mining pro.
perties of the nation By a merger
process Involving the nominal invest.
ment of something like $500 100000
There may be no real foundation for
the report, but the newspapers which
pay special attention To financial afs
fairs are giving many alleged details
of the proposed mining syndicate's
plan II ii announced with q show of
tauth0rity that Senator W. a. Clark.
wfth hls United Verde and Montana
properties. and r 4 Heinze, with the
Amasgamated interests. Will BE taken
up in the new company, which viii
also secure control Of the Calumet and
lHecia properties. as well as the cop.
per mines Of Arizona and New Mexi
70. On paper. II IL the record breaker
liz the matter Of huge capitalization
" an American industry, eclipsina
Ithe billion dollar steel trust and max
ing recent railroad combinations iool
Like fruit stand h~nanciering.
. The chief Interest 81 The public ii
I the proposed merger viii BE one 3
curiosity, a desire 20 watch the re
suits Of an attempt 10 float anofhel
! interest capitalized at figures whicl
= the mind Of the average citizen fall
Ito grasp ii All their immensely. THREE
y or four years ago the announcement
: that Mr.. Rockefeller or Mr.. Morgal
Y or Mr.. Schwab or any other famou
. captain Of industry proposed to poa
4 t2.5oo,eD0 600 corporation woui
g have found a vast army OF investor
y and spectators az the cashiers vii
2 dow clamoring for stock and bond
y and d chance be .iet ID on the groun
e foor.s The hint Of a proposed mono
e oily on one OF the great mineral SUI
plies 8of The nation, engineered :
= such astufe inanciers ais the Standar
Y OH group. would have been all'suf
e cicnt to start the speculative stan
'e pede. VIZ doubt very much II the pul
4 lie minds will be excited 70 getsriel
y quick fever just nov, even y the pr
moters have full authority n use job
le D. Rockefeller's name for Aconjurin
purposes. The collapse Of steel s
q cureties. the wreck Of the ship bull
Ing trust. the big slump ID copp,
y stocks, and the failure "a many Jesse
combinations that have had the watt
squeezed ont OF them. have served
make the investing public oyer-cal
y tions, and speculative stocks are harv
" moving at all This condition hs
y been emphasized by the remarkabI
= demand for municipal and state bono
y and securities of as~certained value.
The statistics show that for q
). 1--we months Of The present year q
!, sale ii municipal bonds In The Unite
!, States amounts 70 100000, 600, /,
within s2o.0 o 900 Of the entire sail
of sncl d~e6enturcs Tor the year 1870
Investors are seeking stable secur
ties, at lower rates of interest, in pre-
y %efcnce 10 alluremsnts held out by !
I da<triai combinations whose capt.
N stohk Ii reekoned by hundreds 81 nj
]. lionsA SO strong Is this spirit of co
seryatism among The people that
\ Mr. RSckereller's s2,50o.ooo.c 600 pro
lf osiuon Sgoes through IL will eyidenl
~ that Ii has more back Of II than q
il. overcahiiallzed ventures 81 the "a
few years, The wrecks a which a
Is scattered all along the road Of Ams
lean Industrial progress, Nashingt,
y Post