The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-02-14
COPPER FEUD IS
Thing Of PAST
Heinze'S Montana Interests Are
Purchased by People Friend
ly to Amalgamated.
MEANS GREAT CHANGE
IN MINING INDUSTRY
Doors of Enormous Treasure
Vaults Unlocked by Dove
of Peace.

OF Peace.
From Butte comes one or the most
significant developments in the mining
world for many n year, ending the most
spectacular most bitter and most eN-
pensve feud between capitalists that
has been witnessed FOR years and ending,
1t all permits combination of interests
that have been at daGgcrs' points for
many long years All the mining inter
ests of F. Augustus Henze in Silver Bow
county. Mont, have been sold to inter-
csts friendly to the Amagamated people.
Means Much to Utah
There can be no doubt that this truce
in the great copper warfare Will have a
great influence upon many Utah copper
properties. for at peace with the old
enemy the Amalgamatcd can concentrate
It's efforts and energies upon pcrfecting
the gigantic consolidation with which the
GuGgcnhelm interests intend TO strive In
the smelling field with the United
States company. The sale of Heinzc's
interests in Silver Bow county was not
unexpected. as rumorS OF peace have been
in the air for days And peace for Silver
Bow county will In all probability mean
still greater activity In copper proper
ties In Utah
The word received from Montana re
edrulnS thc advent OF inc dove oil peace
is as follows
Warfare Is at End.
Arthur c. Carson. representing Thomas
F, Cole OF Duluth. this morning took
possession OF all the mines and MI
ming property OF f. Augustus HcinZo
and the United Copper company in Silver
Bow county, which have been i'm contro-
Versy OF litigation with the Amalgnmated
Copper company. This means that peace
has come TO the wurrlng copper mining
a. NYaTl 20 ..f INHrNH
The announcement that a sale OF the
Hcinze properties had been made came In
telegram this morning from John u.
Ryan, managing director for the y mall
gamated Copper company, who is now
In New York. Mr.. Ryan, with his at
torneys, left Butte for New York early
last November on the business deal,
which was consummatcd today. He
was closely followed by Mr.. Hcinzc.
Since then many reports had been re-
ceiyed that a deal was pending, but no
official announcement OF the fact was
made until today, when 1t was concluded.
Friendly to Amalganated.
The transaction Involves property
valued at many millions OF dollars; but
no lntimation was received here today
from official sources as TO the terms OF
the deal. Ii is only known that Hcnze
has sold all his interests In Silver Bow
county and that he has been complete
~ eliminated from the copper mining
operations OF this district. His prop
critics have been acquired by interests
friendly To the Amalgamated Copper
company. and 1t Is understood that the |
today Will be pushed with all possible |
speed
Properties Turned Over.
Included among the properties turned |
over to Mr.. Carson this morning were |
the Minnie Healy, Rarus. Cora, Belmont. |
Nipper. Johnstown and the interests OF |
the Hypocka Mining company. Guardian |
Mining company and the Montana ore |
Purchasing company. Among these In |
terests are a number of properties not |
now producing as well as producing |
mines and n smeltcr. The deal settles for |
all time the vexing litigation and dis |
putes that have retarded the develop |
ment Of the district In the past and en- |
ablcs the Amalg1mated Copper com
pany. its subsidiary companies and the |
new owners of the Henze properties TO |
operate everything they own.
1t releases, immensely valuable ore |
bodies owned by each OF the contestants |
and claimed by both. Included among |
such ore bodies are those Of the Minnie |
Healy. Michael Dewitt. Tramway Sno-
homlsh and Nipper groups and there are |
many others. More than 100 lawsuits. in
yolvine claims for more than SjQG00O 600
are settled by the deal which hns Just
been consummated by Mr.. Ryan and his
associates.
Increases Number of Mines
Thomas i. Coles possession means he
Is taking title 10 properties transferred
TO the new company III WnlC0 the Anal |
eamated Copper company, the North
Butte Mining company and tho United
Copper company interests will be asso>
ciated That the transaction means
large additional product and Immensely
greater profits for the Amalgamatcd com
pany is certain. That II means u greater
output and larger profits for the new
owners of the United Copper company
holdings is equally true as II Increases
the number OF producing mines of the
district and is the means of adding ma
already heavy nf |
the mines on the hill
Unlocks Doors TO Treasure.
For n number OF years some OF tho
richest veins in tho district have been
tied up through litigation that IS now
settled. Testimony given In the cJuIts
during the last seven years mas proved
the value In these idle properties tun-
ming into the millions. These values arc |
blocked out but remaining as IN i store
house with the door closed The sale
or the HcnZe interests wtll unlock tic
doors OF these storehouses today and
permit the withdrawal OF the treasure
they contain. Among the notable prop
critics that have been idle for years and |
that viii soon be again counted among
the big producers OF the district because |
of the deal closed today Is the Nppcr
of the Anaconda, and north of the Par
rot.
Possession Is Given Up.
The various smperlntendcnts and fore,
men III tnc employ OF I1cinZc and his |
companies were assembled this morning
in the office OF the North Butte company |
and there gave Mr. Carson possession of
the properties under them. Among those
present were William Kidney general su- I
perintendent of the United Copper com
pany, and Harry Charles. superintendent
of the Montana orc Purchasing company.
The form adopted in making the transfer
OF the Minnie Healy. which was similar
10 all the other mines and properties, fol-
lows:
Surrender the Minnie Healy.
Notice Is hereby given that the under
signed foreman OF the Minnie HeaIv has |
this day, in accordance with instructions
received from the proper officers of the |
Mimic Healy company. turned over Tho
possession OF this mine and all under
ground workings and property connected
Herewith, TO Nv. Arthur c. Carson. az
agent for Mr.. Thomas F. Cole And nil
employees are hereby instructed ard no
tifcd that Mr.. Arthur C. Carsnn ns