The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-02-09
HE|NzE BUYING
INTO BINGHAM
His Engineers Are Here to Conduct
Thorough Examination of
Properties.

Alfred Franks, chief engineer on the
staff OF F. Augustus Heinze, accom-
panied by w. J, Frazier and NJ 4. Ar
nett, have arrived from Butte for the
purpose of conducting an examination of
the properties of the Bingham COnsoli-
! dated company. They were in consulta-
/ ton with General Manager Duncan Mac
/ Vichie yesterday, and today they will
/ leave for Bingham to inaugurate the
work they have been detailed to per-
/ form.
| For several days the oracles who have
been supplying the outside world with
what information Ii was possible to pick
up In New York have been telling of a
| big combination in copper circles that in
/ vOlVed the Heinze mines at Butte, the
/ Cole properties in Arizona and some of
/ the mines Of Bingham. The appearance
/ of the Heinze engineers in this city is
the first authentic verification of the ru-
mOrs that have been aflOat and their
| presence gives the first color of fact
to the rumor that the Bingham Consoli-
/ dated properties were headed in the d.
rection Of the HeinZe combine rather
than that Of the Guggenheim or Ameri-
can crowd. which has been tipped du-
ring the last fOrty-eight hours as the
real purchasers Of the Bingham Consoli-
dated properties.
Engineers Are EVasive.
General Manager Duncan MacVichie
disclaims any knowledge of the import
OF the engineers errand and the visitors
have been careful since their arrival to
escape the interviewer. The fact re-
mains however. that they are here, and
that they are to examine the Bingham
Consolidated mines. And that is taken
to mean, If ii means anything. that the
American crowd. which was known TO
be heavily interested in the Bingham
company, has lost In the effort to get
control, and that the Heinze syndicate
is 10 enter the Utah camp and play an
important part in the prOdigious game
hat Is hGfv Taln fn a a 4
in the copper producing world.
Local operators who have recently re
turned from the seat of war-New York
hardly view the situation in the above
light. They declare that the west has no
real conception of the magnitude of the
plans that have been formulated in tho
ranks of the competing combinations and
they declare. also. that few among those
in New York who profess knowledge of
events have ever had even a peep under
the canvas at the chief performers.
Big Deal Is On.
One man. fresh from the field. said dur
ing the day:
original design Of the American Smelling
combination TO work up gradually to the
top in the cOpper-prOducing world. has
had to be modified. First the United
States crowd showed that IL was in the
game for keeps and recent events have
disclosed the fact that a third combina-
ton, as powerful as either Of the other
u
suspicion, however, that a permanent
truce has been reached between the
Heinze and Amalgamated forces and that
while the surface is being made to re-
fleet a condition suggesting two new com
blnations an understanding has been had
that when the proper time arrives these
Interests will be pooled. All kinds of sto-
rfes calculated, most likely, to confuse
and mislead the public as to the true in
wardness of the business in hand, are per-
mitted to go uncontradicted and the work
planned goes on without more than APP
parent signs of rivalry. It may develop
that this apparent rivalry is real but in
nv Judgment q few months will demon
state that mighty combination in cop
per has been rounded out and that the
principal mines of Butte and Bingham,
Arizona and Nevada are in it,"
1t requires no great stretch OF the i'm
agination TO discern the outlines OF
Heinzes "flne Italian hand in other
deals involving properties in the same
camp that are known to be well along to-
ward contamination