Bisbee daily review., 1906-02-18
MINING KING OF AMERICA
Sketch of Thomas F. COIe Who Has Added One Hundred
 lars to Wealth of Country in Six Years

I a few employees of the corporation un.
 scduainted with the president by face
 and voice. and memory like wax tc
 receive and like iron to hold has help.
 ed Mir. Cole to remember not only the
 faces but also the names of thousands
 Of hls employees.
 System has been installed where
 chaos reigned. Order has been evolved in every department, and the
 change has been brought about with
 such a lack of friction that the com
 pany has the loyal and enthusiastic
 support of it's employees. To those who are disposed to criticise all trusts. on general principles. as robbers and ,oppressors. it may be stated that the Oliver company pays higher average
 wages. to more men and furnishes steadier work than ever was the case
 In the iron fields before it's organiza- ton. If 1t be objected that this IS
 an ex parte statement, and that the
 men themselves might tell a different
 story, it may be further stated that
 the Oliver company has had no strikes.
 There is no need of any. Any en-
 ploye with a grievance, whether real
 or imaginary, will be given a respect
 ful hearing by any superintendent. and, If he wishes. can take it to the
 president himself. and be sure of re- ceiying justice.
 In March, 1899, a company of Calu-
 net. Michigan men, formed a little
 exploring company to attempt deyel- coping copper mine in Bisbee, Ari-
 zona. As a former resident of CaIu-,
 met, T. F. Cole was of the number. Though officially but director, he has
 been the strong man of the combina-
 ton from the first. From this origi-
 nal development company has sprung succession of remarkable mining companies, in all of which Cole has been the guiding genius. Of the num- erous corporations since formed, not one has proven a failure, and two, the Calumet & Arizona and North Butte, are among the largest copper producers and greatest dividend pay CTS found among American copper mines. The story of the Calumet X Arizona. the parent of the brood. would make a book by itself-and a romantic as well as a truthful book. As the shaft dropped downword, with no ore in sight, the timid lost hope. Stih ,'tbe shaft continued-kept on dropping, not to be stopped until the last dollar was sunk-and at last. nearly thousand feet below daylight, a bonanza mine was opened. Imme- diately other claims near at hand IA~ panies organized. and other mines opened A feature of Mir. Coles those who come in close contact with him is his unwilsngness to mark time. Each achievement is but the precursor of something beyond-not that the work in hand Is ever neg leeted, but as soon as it is well in hand, there are other and greater things to be done. So with the Bis bee field. The Copper Queen, one of the richest of American mines. was for quarter century the only mine of Bisbee, but in less than seven years since the first option was taken, Cole and bis associates have developed three producing copper mines, and have two other partly developed, with ether valuable lands held for the fu- ture.
 What was done at Bisbee has been repeated, within the past twelve months, only upon more rapid and spectacular scale, in Butte, the great est copper camp of the world. For many years the situation at Butte was simple. The Amalgamated, Senator Clark and Heinze owned or controlled | everything making copper. or that was copper at profit. Suddenly the old |! and small Speculator mine was bought | by Cole and his associates. Adjoin- | ing lands were secured, and before | the conservatives had ceased rubbing | their eyes, the mine was making two | to three million pounjs of copper 1 and paying dividends at the | rate of better than a million dollars | yearly. Just as Cole woke up the | Copper Queen in Bisbee, so he woke | ID the Amalgamated and other pro ducers of Butte. The known pro | iuctiye territory of the camp was in creased by fifty per cent, and it be | came apparent that a new power ha6 | arisen in the copper world.
 Leaving out on further considera ion Coles achievements in the iroI ! ore trade. which has been remarka aie l nthemselves. brief attention may | De given to what he has accomplisheJ within a few years, in the copper in iustry. Figures speak louder than words at times. and the figures of val res added by Cole and his associates o the wealth of America are astound ng. The following table gives the present market values-not capitaii ;ation. but prices at which the stocks Ire freely bought and sold. in trans actions running into the millions of ,ollars monthly--of the various devei- ,pment and mining companies Of which Cole Is the guiding genius. Company Market Values snrth Butte. -. ss4. SOC, GOO & Arizona ..... 23,600,oe0 -ake Superior &
 Pitsharg- ... .. n.750.ooo