The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-10-19
f. AUG. HE|NzE
COMES TO TOWN
Big Butte Operator Is Here on
Business of More Than
Passing importance.
BEAVER COUNTYS STRIKE
NEVADA SUPERIOR OFFICIALS
MAKE A GOOD REPORT.

F. A. Heinze, who is now counted as
one of the stable fixtures in the mining
armament of Utah, as he has long, been
in Montana, came down from Butte yes
terday noon to spend several Gays in
looking after his interests on this end of
the line He denied himself to the inter-
viewer, but It is generally known that
there are number of propositions here
to engage his attention. For the past
several days his engineers have been max
ing a final inspection and examination OF
the Ohio Copper company's mines, and
the belief Is general that their findings
have been such that the reported deal
for the financing of the proposition on a
large scale will be advised by them. The
real status OF this deal has never been
made public, but the belief is that 1t
means the sale of bonds and the issuance
of new stock as bonus, or on con-
vertible basis. At any rate. the matter
will be settled during the next few days
and the terms of the transaction will
then undoubtedly be made public.
The Eagle & Blue Bell and other prop
critics at Tintic as well as some others at
Bingham. will receive attention at the
stay, as will also the smelling works of
the Bingham Consolidated at Bingham
Junction.
During the afternoon Mr.. Heinze was
staff. including Chief Engineer Alfred
Franks, Consulting Engineer Duncan
MacVichie, General Manager Harry l..
Charles. Assistant Manager Herman n.
Green and Frank P. Swindler, the latest
acquisition to his engineering staff
Planning Big Things.
While nearly all that Mr. Heinze has
SO far done in this state has been under
The banner Of the Bingham Consolidated
company, the report from New York dur
ing the week and the information that
has cropped to the surface here makes
IL apparent that Mr.. Heinze is only just
beginning to break ground. so to speak in
The mining field of Utah. The eastern re-
port is to the effect that he and those as
ISOLATED with him are preparing to han
die a multitudinous number of mining
propositions along lines similar to those
pursued by the Guggenheim Exploration
company. In other words. parent or
ganization Is TO be perfected to exercise
control of all the various enterprises that
may ne operated as separate entities i'm
the different portions of the mining
west
It begins to look. also. as though close
business relations We're being formed be-
tween Samuel Newhouse and Mr. Heinze.
and gossip IS already beginning to won
der II II will not develop. during the next
few months. that the Boston CONSOLIDATE
ed. Cactus, Bingham Consolidated. Butte
Coalition Dominion Copper and other
mammoth undertakings of these mag
mates and their friends and allies will
not be brought into one great family.
Should that prove to be the case. it would
seem only natural that such propositions
as the Ohio Copper and other properties
at Bingham. as well as the properties
with which MeSsrs. Newhouse and HeinZe
have had their names linked during the
past week, should find anchorage within
the parent company's harbor, as we'll
No one at all familiar with the broad
gauge manner in which Newhouse and
Heinze do business will, for a moment
think Of charging them with horse
play in the mining business. and those
who have been following their move
ments during the past few months will
have to admit that all signs point to big
dOings in this region in the near future