The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-02-10
MISSION Of FRANKS
IS DEEP MYSTERY
Montana Expert Succeeds in
Keeping Object of Visit
Profound Secret.
is LOOKING OVER
BINGHAM CONSOLIDATED
Change of Ownership Creating
Great Interest Here and
in Boston.

a deal involving the ownership OF so
prominent property the Bingham Con-
solidated Mining company naturally calls
forth considerable speculation on the part
of the local people. That there is some
thing doing In this great Utah property.
and that IL has been for some time
past and that the price OF Bingham Con-
solidatod stock has been slated for a good
advance in price, are facts equally well
known here; but local mon when asked
regarding the deal. acknowledge them
selves entirely at sea. regardless OF AL
fred Franks's visit. All agree that " Bos-
ton Win all rs prediGested copper Wis
dom, cannot BIKE into the problem sue
cessfully. II ia rather sure shot that
little. II any. positive news will be known
until the official announcement is made.
Is Examining the Property.
Opinions here are divided. Rumor has
connected both the American Smelling and
REFINING company and the United States
company with the newly acquired control
OF the Bingham Consolidated, and others
adhere 10 the theory that the Corum syn
dcate is the purchaser. Now comes the
latest excitement I'm the visit OF Mr..
Franks, the HcinZc expert, which Is taken
as positive evidence that the Montana cop
per holder has acquired this Utah prop
erty. While the mission of Mr.. Franks Ia
shrouded in that mystery that universally
attends the setting OF a large-sized hen,
that can be placed In his way fol con-
plete examination Of the Bingham Con-
solidated properties has been afforded him
a course of examination that, in all prob
ability, began with his visit to the Smelt-
ers OF the company Thursday
Mission Is Well Guarded
No one. apparently, knows the logical
sequence OF this visit Of examination on
the part OF the Montana man. the secret
being so well guarded that positive IN
formation Is impossible TO secure III,
argue some HeinZo has already secured
control OF the Bingham Consolidated he
would have inspected the teeth OF his pur-
chase before submitting his check there
for, and il he intended purchasing, it Is
hardly likely that he would have bulled
the stock so reliGiously as he is reported
to have done Those who adhere 10 the
Corum theory assert that the friendly re-
latlons existing between Corum and
Heinze, and their many additional mu-
tual interests. would point TO the conclu-
sion that Helnzc is in on the big Corum
consolidation. They do not explain, how
over why HeinZe disposed OF his United
Copper company at q time when II would
be a valuable addition TO any enterprise OF
magnitude such as the Corum deal
Awaiting Boston Information.
In certaln Boston circles of financial i'm
portancc tho suggestion that the Ameri-
can Smelling and Refining company Is
the power behind the movement 10 ridi-
culcd as unworthy OF serious contempla-
ton, although this theory up TO the date
OF Mr.. F'ranks'S visit, was the faVorite
one In this city. From experience gained
through the big consultations of the pres
ont year. the wise ones arc stralnlng their
ears BoSton-way, waiting for the hen TO
cacklc the news TO the greatly porturbcd