The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-02-16
HE|NzE TALKS Of
GREAT COPPER WAR
Glad That Conflict Which Has
Been Waged So Long Is
Ended.
HE IS NOT BOUND BY
AGREEMENT TO STOP FIGHT
Will Continue as an lndepend-
ent Producer: Free to
Secure Claims.
Special to The Tribune.

Special to The Tribune.
NEW YORK. Feb. 16.-F. Augustus
Hcinze gave an interview this afternoon
confirming the reported settlement OF the
great copper war This Is his first pub
lie statement since negotiations were
started FOR the transfer OF his United
Copper holdings There is no telling
when HeinZc Will be the outside
again, fighting the Standard OIL million
aires with the same vgor and effective
ness that has just made them confess
defeat
Not Bound by Agreement,
Mr. Henze is authority for the state
ment that he is no way bound by any
private agreement to abstain from fght-
Ing or from competing with the new
company that Is now formed 10 make
peace possible, There can be no more
lighting over the properties that huvc
been the subject OF dispute" said Mr..
Heinze.
Independent Producer.
There is no further possibility OF con-
lIct over the properties taken over by
the holding company. Will continue
properties 1 still control outside of the
new holding company arc so far TO ono
eide OF the hitherto disputed claims that
there is not the slightest possibility Of
any dispute"
Mr.. Hcinzc was asked II he was In any
way bound not TO start new fight on
the Amalgamated people and thereby
bring on new war. There Is no pri-
vatc agreement" he said. However, the
properties taken over by the holding
company carry every right and title and
they cannot become again the subject OF
dispute. or course, l am free to secure
claims and own mines wherever
please"
Glad Long War Is Over.
Mr.. HeInze said he did not see any
likelihood OF a renewal OF the lighting
anywhere lie expressed himself as
glad that the long war was ended. and
that the huge copper interests OF the
world could hereafter devote themselves
TO producing and selling copper instead
OF nghting over the ownership OF mines.
When asked whether he or the Anal
gamated would have the larger interest
In the new concern. Heinze replied. II
cannot say as TO that We shall both
be heavily interested. but Nj Cole Will
havo the controlling interest
"Will Mr.. Cole exert this control as
the representative OF the Amalgsmstcd
interests?" Il believe Mr.. Cole person
ally VIII control the new company. He
Is big enough man for that"
Guggenheirns Represented.
Mr.. Helnzc said that the United Con-
per company, virtually Hcinze and per-
sonal property. the Amalgamated and
the North Butte Copper company would
be In the new holding company He
believed the GuGgenheims would be rep
He said he did not know il
Mr.. Cole represented the North Butte
company.
Mr.. HeinZe would not say what sum Ct
money he had received In the settlement
He was asked II II wero true that he
had been paid so, ,oooO0O In cash but he
declined TO say a word as to the nnan-
cial consideration in the settlement
Capital Of New Company.
He did not know what the new COM
paEy would be called and had no def
mite Idea OF the capital stock to be is
sued When asked II II would be capi-
,alized as high as $500. .0Oo eco. as reported.
he laughed and replied 81 think that
sounds pretty big. We ought TO be able
Ia get along on 1IttIe