The Birmingham age-herald., 1905-09-03

state or Montana to it's foundation. Mill lions or dollars were spent on both sides. When he began Heinze had very limited means at his command and how he ob- tained capital to conduct the heroic fight against the Standard oil hosts bordered on the miraculous. He was repeatedly backed up against the wall and appar- ently stripped of every available copec, | yet he fought on and finally won the vital points of the litigation. The su- preme court of the state sustained his claim to ownership in copper properties approximating in value those of the Amalgamated, which has taken out ore worth 0O,0o0,O0o Heinze found friends not only in Montana, but in Pittsburg and Boston, where the 'sinews of war were raised to the amount of several mill lion dollars. first and last.
 While this titantic struggle was going on Heinze was spending other millions Tn sinking shafts, digging tunnels and otherwise developing his mines. The Standard oil crowd succeeded in destroy ing his credit in many quarters where he could have otherwise looked for backing, but the result has all been to his ad- vantage, for now at the finish of the in- portant litigation he finds himself free rom debt and in absolute control of mines worth a fabulous sum and pro- ducing at the rate of 6O0OO,0oO pounds year, on which there should be a profit or nearly $5,000, ,000--5 cents per pound on copper and cents on by-products, cents In all According to estimates which Heinze himself subscribed to the mines of the United Copper company (under which corporate title he has capitalized himself for .oOo) has ore in sight worth ss6,- OOO,O0O Experts who have made inde- pendent investigations of the mines put the amount at more than S100, 000000, which estimate does not take into &C., count the vast deposits of mineral known to underlie that which is blocked out. These deposits are identical with those or the Amalgamated and for the most part are on the TOO and 500 feet levels. whereas Amalgamated workings are down to 2200 feet The Heinze mines are, with the exception of Rarus. compara- lively virgin in development. Their great value has yet to come out of the ground. in the case of the Amalgamated $7OO, ,OO0,- GOO worth of copper has already been ex- cavated and sold
 While the fever of litigation and polit- ical warfare was on, compromise between Hefnze and Amalgamated was out of the question. Amalgamated, through it's rep resentatives, H. H. Rogers. William Rockefeller and James Stillman, vowed they would never let up until they had driven Heinze into bankruptcy and forced him to abandon Montana. Having failed utterly in their crusade. and being brought at length face to face with the impossibility of their position, these mag mates, eventually yielded to the extent of admitting the existence of the stone wall against which they had butted in vain and through which they could not break. This was a long forward step and the next move was a personal meeting be- tween the belligerants. This could not take place In the United States for the reason that 1t would have been attended by too much publicity. There has been no time during the controversy that MT. Hefnze would not have settled with the Amalgamated He has maintained since the first strictly defensive attitude. and excepting at intervals has never attempt ed reprisals. It goes without saying that the meetings between Heinze and the Amalgamated magnates which have been held abroad were not for the purpose of discussing the politics of the Sixteenth ward or the status of the mackereI crop. The American public lacks definite in- formation as to what actually did oc- cur at these gatherings, but 1t may be assumed with confidence that distinct progress was made for the harmonizing hof the hitherto divergent Montana cop- per interests. Imagination would be quite within bounds if it should father the theory that in the near future there will be a unifleation of the Heinze and Amalgamated properties They can be worked in unison to an immense ed- vantage and such Is likely to be their destiny. Under one management they could be made to produce 50OOOO. 900 pounds a year or more than one-half the present output of North America. a rate which could be maintained indefinitely. They could virtually control the conner situation of the world.