Bisbee daily review., 1906-02-25
rhe settlement a, autte.

The most important development in the copper mining industry is the an- nouncement of a permanent settle ment of the long warfare between the Heinze and Amaigamated interests in Butte.
 It is unnecessary to review the long struggle other than to say that it has been the most expensive fight of this character that the country has wit messed for many years. Not only have the legal expenses been enormous, but the losses due to the forced suspen- sion of mining operations have reach ed into the millions. The litigation has done much to iniure the Butte dis trict, which hereafter will increase it's output greatly. and will regain its po- sition as the foremost copper produc- ing district in the world.
 ! For a number of million dollars | Heinze has sold to Thomas F. Cole and associates practically all the prop erty of the United Copper Company in ' Butte, with the exception of the Lex tngton mine, now being reopened for i production, and some undeveloped claims. Although this price has been | reported in the papers as S25,000,0 ,000 we believe these figures are very erro- neous. We understand the new com pany taking over these claims has a capital of s12,5OO,000, and we believe this figure much nearer than the for. mer to the price paid.
 All the properties that have been subjects of controversy are included | ir the transfer. The Minnie Healy Michael Davitt. Ripper, Tramway Snohomish, and other mines the names of which have been prominent in the iniunctions and suits brought during the past few years, have been taken over by the new interests. All the pending litigation will be with. drawn from the courts.
 While these properties are taken over by the Cole interests, who will organize a new company to assume control it is understood that the Anal. gamated will have a large interest in the new company. and that the deal has been brought about entirely in the interest of Amalgamated. It is understood that the new com pany will be included in a consolida tion with Amalgamated at some future date, together with other Butte prop critics in which Mir. Cole has been prominent
 Under the mining laws of Montana and with the ore deposits irregular broken and disconnected, it is almost impossible even for friendly com panies to dwell together in peace and harmony. With the Amaigamated 1T control of practically all the mines ir the heart Of the Butte district, there will be no question of the apex rights or the identity of the veins at depth louestions over which even honest ex perts might differ radically. -..
 These properties can be operated as Ia whole to great advantage. Ore car be hoisted from the most available shafts. All the mines can be operat ed, greatly increasing the output. The Icosts of litigation will be abolished These have caused a substantial in crease in the cost of copper, both tc 'Amalgamated and United Copper. i The announcement of the settlement was met by heavy selling of Amalga mated. on the theory that the good hews was out. This announcement i. lonly beginning of the good news
 The settlement of the war in Butte i. only a step in the larger plans fol the formation of a company that vii exercise practical control of the meta industry of the country