Western liberal. (Lordsburg, N.M.) 1887-1919, 1906-12-21

called the Greene Cananea copper
company. The report in the west is
that it was a combination for the good
Of both companies, while the New
York papers report that 1t was a case
Of force. Col. Greene brought the
Greene Consolidated to New York to
float six years ago. 1t was soon found
to be a big proposition, and many
men went after it. John W. Gates
made an effort to get It, but Greene
beat him out. Hartman wanted it,
but did not get It, Tom Lawson,
when writing his frenzied finance,
made an attack on it, and he and Col.
Greene had a fight in the newspapers,
and shooting was threatened, but 1t
ended with high balls instead Of lead
balls. Recently John d. Ryan, man
aging director Of the Amalgamated,
and Thomas i. Cole, a prominent
member of the Bonanza Circle, which
includes the Calumet 81 Arizona, at
Bisbee, and president of the Butte
Coalition company, at Butte, the two
men who ended the war between
Heinze and the Amalgamated COM
pany, went after the Green company.
Mr.. Cole organized the Cananea Cen
trial company, which bought a big
block Of ground from the Greene
Consolidated, paying therefor 100000
shares of stock. Recently Cole and
Ryan who are said to be backed by
the Amalgamated, John w. Gates and
Phelps, Dodge & Co., commenced buy
ing Greene stock. 1t is said they
secured some large punches from
friends of Col. Greene, who he thought
would stand by him. Last week Col.
Greene got onto the game and went
into the curb market at New York,
and commenced buying the stock.
The price was pushed up from $28 to
$3S per share in a couple of days, but
Greene found that he could not buy
enough to be safe, and so went to Mr..
Cole and agreed to let his stock go
into the transfer. The new company
will be organized under the laws of
Minnesota, and will have $500, 900
shares of stock, with a par value of
$40. The stock will not be offered to
the public, but each owner Of a share
of Greene will get in exchange one
and one-half shares of the new stock,
and each holder of d share of the
Cananea Central will get n and two
thirds shares of the new stock. The
company will take over the cash assets
now in the treasures of the two COM
panies, amounting to over 49, 600, O00,
and some 20, OO0 acres of land at Cana
nea, now owned by the two companies.
The president of the company will
be Thomas F. Ryan, vice-presldent,
Col. Greene, directors, John d. Ryan;
Thomas f. Cole, Col. Greene, Myron
d. Parker, Norman B. Ream, Cleve-
land e. Dodge, James Hoatson, John
Congdon, and w. A. Duncan. or these
men Messrs. Greene and Parker repre-
sent the Greene Consolidated, Messrs.
Ryan and Cole the Amalgamated,
Messrs. Cole, Cogden and Hoatson the
Calumet g. Arizona, or Bonanza Circle,
and Mr.. Dodge represents the Phelps
Dodge company. All of these com
panies have been very successful, and
the Greene, the Calumet 81 Arizona
and Phelps, Dodge & Co. have re-
turned big dividends to their stock
holders, as has the Amalgamated, on
occasions. The prospects are that the
largest known deposit of copper in the
world will be worked by experienced
and practical men with abundant
capital, but whether they will turn
all the profits Of the company into
development work, or will give their
stockholders a SHOW, only time will
tell.