Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-04-21
COPPER KING HERE
FROM BUTTE MONT
Spends Yesterday Going Over
Bingham Con. Properties,
Notably the Lark.
TO REMAIN OVER SUNDAY.
Sketch of Life OF One OF Most In.
tcrcsting Personalities in West
crn Mining,

|
Contrary to expectations Mr.. f. A,
! Heinze and party returned TO the
! knutsford from Bnghom last evening
and spent the evening very quietly, for
I the most part at the hotel. Shortly af-
ter dinner short visits were paid to the
| Elks aud Alta Clubs, where Mr. Heinze
was introduced to a number OF more
prominent Salt Lake business men. Nj.
Heinze appears 10 have grasped the
happy faculty Of talking freely ana say
ing nothing. with newspaper men ho
was dumb as clam, but opened up
freely 10 local mining men along gem
eral lines Wonderful country" great
opportunities etc, but not one word
as to his own recently acquired inter-
ests.
The entire day yesterday was spent
by the Montana man and his engineer,
Mr. Frank, together with President
White and General Manager Macyiche,
In going over the Lark property OF the
Bingham Con- The inspection is said
to have been thorough ana highly sat
isfactory and there SCENE little. II any
reasonable room for doubt but what the
deal which brought Mr.. Heinze 10 Salt
Lake was contaminated or shortly will
be.
Today will be spent I'm an examine
ton OF tho Commercial mine which Is
generally considered one Of the most
valuable OF the Bingham Consolidated
group Part OF the day will be spent
under ground and later second visit
VIII be paid to the Dalton and Lark
properties. Should Mr.. Heinze be
found to be actually In control OF the
Bingham company. II Will, in all prob
ability make little or no difference
IN the official status OF the concern,
The management, from the presidency
down, viii remain unchanged for the
present at any rate and the only diff
ference noticeable will be I'm he rapid
Increase of development work on the
properties. Mr. Henze is one u the
most prominent figures In western
mining at present IN this section of
the country. II not the most prominent.
he came 20 Butte Il 1889 as mining
engineer I'm the employ OF the Boston
Montana Mining company. and be-
gan MS career in the mining center
by plunglng into hard work below
ground. He was In HIS twentieth year.
having been born In Brooklyn. n. Y.
Dec, g. 1863. He Is son of Otto ana
Eliza Lacey Heinze, his father being a
native of Germany and his mother of
Connecticut. The father was an in,
porter OF dry goods, and +. Augustus
Hein2e was given thorough technical
education IN the School Of Mines OF
education IN the school Of mines OF
Columbia university. In Butte he began
to put his education 90 practical use by
taking a position at the bottom with
determination TO work his way up.
After he had spent two years in the
underground workings OF Butte, he
fell heir to $4,000, legacy from his
grandmother, He left Butte for a
time, and spent two years studying
engineering and metallurgy as a post
graduate In the schools Of Germany.
Al the end OF this time he returned 10
Butte and incorporated the Montana
Ore Purchasing company. The new
enterprise was capitalized at $3.50, 600.
and within short time constructed
smeter In Meadervlle II entered the
field AS n plant for custom smelling.
but the field was speedily enlarged b. /
the securing Of mines under the con-
troll OF Mr.. Heinze.
Many of the properties which he se-
cured had been abandoned by their !
locators as worthless, but In his work
as practical miner. the head of the
Montana Ore Purchasing company had
become convinced of their value. and
he plunged heavily on his Judgment.
His expert judgment Is vouched for by |
the results; one OF his biographers I'm
popular magazine, asserts that with |
IN two years he developed mining
claims which cost him sl,5OO.o0O, into |
properties worth from $40. 900 600 to $50, |
100000. Much Much OF the property be- !
came involved In long litigation which |
Ia bpAn al, -.
announced early this spring
With the profits OF his first Butte |
enterprises Mr.. Heinze invaded new |
fields. and for a time gave personal |
direction 20 development of Canadian |
mining fields, In the Kootenay mining |
country Of British Columbia was the I
practically abandoned mining camp Of ,
Rossland. The mines here had been /
owned by English and Canadian capi- |
talists, who had given them M as /
worthless. Mr. Heln2e was convinced |
OF their value after an examination |
and he started doing things with char. |
acteristlc holiness, He built at Trail /
IL miles distant from Rossland. the first |
smelter In Canada, In which to reduce /
the ores from properties on which he |
mad secured options To furnish trans. |
portation he built a railroad TO this /
point,
The attitude Of the powerful Cana
dian Pacific railway was not altogether
friendly, and they wereabout TO start
q campaign OF dscoura cement. when
they were brought face TO face with |
the fact that Mr. Heinze had n project
to extend his road up through British
Columbia at cost Of some 500 coo 600
The Inhabitants Of the province were
ready TO welcome a competing line and
the young fnancler had a franchise
that would be inviting TO railroad.
building capital.
When the little matter OF arbitration
had bee effected Mr. Heinze was a mil. |
lion and half dollars 10 the good on
his deal, and his financial repntatIon
was decidedly raised by the stroke Ha
returned 10 Butte and resumed the de.
velopment q his properties For tho
past decade he has been foremost
factor I'm the city md state He has
been political leader. and In CONNER.
cial fields he has extended hts onera-
tons not only IN mining. but In bank.
ing and hn9nclal operations generally
In Butte he is Identified with ne
Aetna silver Bow National and state
SavinRs banks, and with other COM
merclal enterprises The concentration
ut Rasin wac built after the fire DO.
stroved the old one adjoining the smell
ter IN Meadervlle. THE Basin nronertv
q Is announced is not included among
those transferred.