Fergus County argus. [volume] (Lewistown, Mont.) 1886-1946, 1906-03-20
THAT HEINZE
STORY AGAIN
STATEMENT THAT HE IS A LOS
Err CHARACTERIZED As
FALSE.

4icuS pau MI. f1cluZc lOI IcIuS VI
peace, has the following to say under
the caption of "Who Believes This?"
and wall Street Tales From the
Tape
Here are some variations of story
running back and forth in Wall street,
which nobody can confirm, which par
ties directly interested say is ridicu-
lcus and other parties declare emphat-
ically to be a fact.
First yarn: Heinze received $780,
100000 cash for part of his properties;
back part Of the money. Heinze is
lead to take on load of Amalgamated
at 116@118 for prospective advance in
the shares upon the announcement of
the settlement of the Montana copper
war. Amalgamated is then driven
Gown from 118 to par, and Heinze
rushes to Mr.. Rogers for help, and Mr..
Rogers kindly takes over 100000
shares of Amalgamated privately at
IS. (The above story either proves
o. presupposes that Heinze and his as
sociates. after having made more than
s15.OO0,OO0. or enough to pay for $780,
600 shares of Amalgamated at par,
bought their Amalgamated stock with.
iii q point or two of the highest price
after six months of negotiations, and
sold it in a stock market slump at pri-
vate sale at points below par. In
Sther words, Heinze is blind Montana
iackass, wandering aimlessly around
Wall street with a tag out inviting
people to help themselves to any por-
Won of $1OO00,O00 or Sic, 900, and
in any way they please.)
Yarn Number Two.
Second yarn: A house in New York
was found too heavily loaded with
Anlalgamated in the present slump to
PAL, and had to pass over 10000
shares at 95 privately.
Many people say they believe it, and
many other say they know it, and the
only remarkable thing about the story
Is that there was a statement from
very good sources when Amalgamated
broke from 40 that the Montana peo
pie had too much Of it too lightly mar
slned, and that the stock would be put
down until they were knocked off the
limb AS the stock market did go
down to the alleged objective point of
par. and as it then did recover. and
everybody appeared relieved and hap
py. the readers of the tape say the
prediction must have been fulfilled
end 100000 shares of Amalgamated
must have been taken over at a pri-
vate sale at 95.
Wall street will believe anything if
the tape appears to confirm it.
We give these yarns because we do
not know anything about them, and
because there is no account, either in
the metal or money markets, for the
decline of Amalgamated.
But here comes another yarn that
we publish. simply because it comes
from good sources. but from none of
the parties in interest, and because
1t is bound to be circulated in various
forms, and the best way to settle it
Is TO publish it in full, and let anybody
who wishes take notice of it.
The story goes that Mr.. Cole pur-
chased from Mr. Rogers, as part of
the Heinze-Amalgamated settlement,
two hundred thousand shares of Anal
samated at 40 or 116, and with his as
sociates also, it is alleged, paid con-
siderable sum of money for call up.
On two hundred thousand shares of
Amalgamated at 40 from Mr.. Rogers,
TO run two years.
Then, so the story runs, Mr.. Cole
went west, and when the stock market
struck par, Mr.. Cole and his associates
solo back the two hundred thousand
shares of Amalgamated to Mr.. Rog-
ers at 95, and relinquished the option
on the two hundred thousand shares,
but getting back no cash.
The difficulty about accepting any
of these stories is that nobody who
knows the relations of the parties with
each other can piece out or patch up
any of them so as to make them fit the
real situation. They fit the "tape stu
alton" but absolutely nothing else.
They do not fit the real characters or
any of the alleged participants
Allow that Heinze, after seven years
Of the most successful defense any in
Sividual ever put up against aggregat-
ed capital, is laundering jackass; al
low also that after fifty years only
Of labor. Henry H. Rogers works from
= a. m. to p. m. for the pleasure
Of robbing his own coattails or the
officers of his own corporations, and
YOU will have to answer the question
why Messrs. Cole and Ryan, who are
not "ticker" men, but operating bust
ness men creating securities and val
ues to back them up. after having
made many millions in North Butte
and many millions in other fields. and
having many more millions right be-
fore them in cold cash values from
their settlement of the Montana cop
per war, should wish to reach out and