The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-04-23
BUTTE is HAVING
HER FIRST BOOM
Prosperity Reigns in Remark
able Copper Camp Since End
Of HOstilities.

z j. Anderson of Butte, Mont, now in
Boston. In the News Bureau, speaks In
terestingy OF conditions now existing In
Montana He says:
Butte is now having the first boom 1t
ever experienced Its failure to join In
any previous boom has been due to the
fact that IL takes large amount OF
money TO develop property In that camp
and small people could not operate.
The financial interests have been able to
buy properties at practically their own
price.
Three Big Developments.
There have been three developments In
Butte I'm the last few years which have
resulted in almost doubling the prospec-
tive value OF its copper properties. me
Pittsburg G Montana company OF a
producing copper property In the 'hats'
which extended the mining area 10 the
south OF the mountain. The second was
which extended the area to the north.
Now comes tho opening of the Anaconda
vein at the 24Oo-foot level. which demon.
strates that there are untold millions OF
copper wealth under the Butte mountain.
and nobody can tell how deep the copper
deposits extend.
New Zone Being Reached.
The LewIsohns owned tho Jessie mine.
now the-mos productive OF the North
Butte claims. They developed 1t TO a
depth of $40 feet, but the ore was too
lean to permit OF profitable operations.
and they sold 1t to the North Butte peo-
pie for $4,000. The North Butte people
cross-cut into the jessie and Edith May
claims at depth from the Spectator
mine. which they had purchased for
100000 after the Amalgamated engineers
had turned II down. and ran into un-
told riches. Now prospects are being
worked from outside what has heretofore
been considered the zone or area or prorit-
able copper mining operations. Quite re-
Gently the Boston & Montana put down
a shaft to the east of Butte mountain,
a prospect Of making another mine there.
The Butte Copper Exploration company
and the Butte & London company are
likewise developing properties. and II
they find ore In paying quantities at
depth, as they expect, there Will be an
enormous amount of ncw mining opera
tions In this section of the Butte district,
which has heretofore been left untouched.
London Company Active.
The Venture Corporation OF London
has just made its first entry into copper
in the purchase of large block of stock
in the Butte & London company. The
Butte & London company has 100000
shares of stock. par 81, OF which about
500 900 shares have been issued, and OF
the $4,000 shares 100000 shares were sold
Venture people have three members Of
the board of directors OF this company
and have the right TO appoint the con-
sulting engineer, and will eventually con-
troll the property. as they have options
upon additional stock The hmalgamat ted
Copper company has not opened half OF
Its mines. and believe the stock Is cheap
at its present price, for Wall street does
not realize Its possibilities of developing
half dozen North Buttes.
Large Sum in Treasury.
"I understand upon high authority that
AM
cash In its treasury, and the Boston &
Montana company $4,000 ooog The Amalga-
mated company's indirect ownership In
the cash surplus of these two COM
panies. in-additfon to the cash In It's own
treasury. gives II s27,r00Do Of cash at Its
command, and 1t Is adding millions to It's
resources every month with lSiz-cent
copper The half has never been told
about Butte-the greatest copper mining
camp in the world, and the latest develop
ments at depth and In extending the ter
ritory assure Butte supremacy IN copper
production for many years TO come.
Every Butte man willingly gives
Heinze the credit for present conditions
there While some OF his methods may
have been open to question. he was up
0 gainst a stiff game when he mad to fight
the Standard OIL millions, and he neces-
sarily had to use every weapon at his
command. He forced the Amalgamated
company to dig