Fergus County argus. [volume] (Lewistown, Mont.) 1886-1946, 1906-02-09
HEINZE SELLS
HIS INTERESTS
Syndicate Friendly to the Arnalaamat.
ed Takes Over United company's
Holdings in Butte.
END OF THE LONG COPPER WAR
Both Rogers and Heinze Said to be
Worn Out by the Bitter
Fight.

New York. Feb. 1.-THE Wall Street
Summary publishes the inside history
of a plan agreed upon to settle the
war between the Amalgamated Copper
and the United Copper companies. 1t
says:
Some considerable time ago certain
large business interests became i'm
bued with the idea that it was time
that the contention, disagreement and
litigation between the Amalgamated
and the United Copper companies
should come to an end, as they were
menace to many. if not all, the bust.
ness interests on the continent. With
this idea in mfnd, the situation from
the Heinze point of view was care.
fully studied and line was obtain
ed on what could be done with him.
1t was found utterly impossible to
work out any agreement or arrange
ment between H. H. Rogers, as the
representative of the Amalgamated
company, and Mr.. Heinze, as a repre-
sentative of the United Copper COM
pany. Having ascertained what could
be done with Mr.. Heinze, represen-
tatives of what may, for want of a
better term, be called the syndicate,
waited upon Mr.. Rogers personally.
He was asked if he would have any
objection to syndicate of reputable
business men taking over the Heinze
properties, and if he would be will.
ing to settle the difficulties between
q tvHyO toe, to-, = i
cate controlled the United Copper, in.
ed at once that he would be glad if
reputable business people would as
sumo control of that company, and
they would find him not only willing,
but anxious, to come to fair agree.
ment, whereby the troubles of the two
corporations could be ended, and all
litigation disposed of. He even went
so far as to state that if such men as
Daniel Guggenheim were in the syn.
dictate. he believed basis of agree
ment could be reached within Is min
uteS.
Whether Daniel Guggenheim, or
any of the Guggenheim Bros. are mem
bers of the syndicate mentioned is not
positively known. but it is believed
that some of them, at least are in the
! combination. If so, there are others
equally strong and prominent in the
business world connected with the
syndicate and they are men who can
generally accomplish what they set
out to do.
'The settlement scheme is pro-
crossing with entire satisfaction to
those interested. The first step in
volved in the matter demanded secur.
ing the control of the United Copper
company. It is believed that this mas
been practically accomplished. Those
who are we'll posted on the matters
say that with only friendly interests to
deal with, the situation will soon be
cleared
Are Getting Tired.
1T can well be believed that Rog-
ers and Heinze have become more or
less tired of thir long contentious, and
have reached state of mind where
each would be glad for an entire ces-
sation of hostilities. It is at this stage
of the situation that the syndicate has
become factor, and is now attempt
ing to bring about pacification and
settlement and, possibly, even merg-
er of their mining interests in Mon
tana, where all their properties are
close together, and in many cases are
actually adjoining each other.
1T has been the ambition of Mr..
Rogers to bring Amalgamated Copper
up from the low state into which it
had fallen some years ago to strong
business basis, and to make it COM
pany in which the public could read
lily find safe and profitable invest
ment. Those who know him say that
he has been greatly pleased with the
steady advance in the price of stock
and in the company's increasing earn
ing power. He has said on more than
one occasion that he would not be sat-
isfed until Amalgamated stock would
be considered as safe proposition
at 40 as minimum, and really be-
lieved that it is worth considerably
more than that. When he gets the
company in the condition that he
desires it is not improbable that he
will consider his work is accomplish
ed. and will retire from the same,
leaving the management in young
err hands,"
n. II. Rogers to Retire.
/ Boston, Mass, Feb. 8.-Announ-
cement is made here that as part OF
the combination of the copper inter-
ests of Butte, Henry H. Rogers has
retired from the head of the Amalga-
mated company and is to be succeed