Fergus County Democrat., 1906-02-06
Authority of Settlement of Differ
enCeS of Heinze and AmdIgdmdt-
ed Is Good.
IS GENERALLY BELIEVED CORRECT
At Least An Agreement Has Been
Reached Whereby All Litigation
Will Be Stopped.

New York, Feb. 1.-The Wall Street
Summary tonight published the in
side history of plan agreed upon to
settle the war between the Amalgam-
ated Copper and United Copper COM
panies. 1t says:
Some considerable time ago certain
tain large business interests became
imbued with the idea that it was time
that the contention, disagreement and
litigation between the Amalgamated
and the United Copper companies
should come to an end, as they We're
a menace to many, if not all, the busi-
ness interests on the continent. With
this idea in mind, the situation from
the Heinze point of view vase care
fully studied and line was obtained
on what could be done with him. 1t
was found utterly impossible to work
out any agreement or arrangement
between H. II. Rogers, as the repre-
sentative Of the Amalgamated COM
pany, and Mr.. Heinze, as a repre-
sentative of the United Copper COM
pany. Having aScertained what could
be done with Mr.. Heinze, representa-
tives of what may, for want of Il bet
ter term, be called the syndicate,
waited upon Mr.. Rogers personally
He was asked if he would have any
objection to a syndicate of reputable
business men taking over the Heinze
and if he would be willing
to settle the difficulties between the
two companies in case the syndicate
controlled the United Copper company
instead of Mr.. Heinze. Mr.. Rogers
stated at once that he would be glad
If reputable business people would as
sumo control of that company, and
they would find him not oily willing,
but anxious, to come to a fair ar
rangement, whereby the troubles Of
the two companies could be ended and
all litigation disposed of. He even
went 50 far as to state that if such
men as Daniel Guggenheim were in
the syndicate, he believed basis OF
agreement could be reached within fif.
teen minutes.
Whether Daniel Guggenheim or any
of the Guggenheim brothers. are mem
bers of the syndicate mentioned is not
positively known, but it is believed
that some of them, at least, are in the
combination. If SO, there are others
equally strong and prominent in the
business world connected with the
syndicate, and they are men who can
generally accomplish what they set
out to do.
The settlement scheme is progress
ing with entire satisfaction to those
interested. The first step involved il
the matter demanded securing the
control of the United Copper com
pany. 1t is believed that this has beer
practically accomplished. Those who
are well posted on the matter say tha
with only friendly interests to dea
with, the situation will soon b.
cleared.
1T can well be believed that Roger
and Heinze have become more or les
tired of their long contentious, anC
nave reached a state of mind wher,
each would be glad for an entire ces
sation of hostilities. II is at this stage
of the situation that the syndicate has
become factor, and is now attempt.
Ing to bring about pacification and
settlement, and, possibly, even 8
merger of their mining interests il
Montana, where all their properties
are close together, and in many cases
are actually adjoining each other.
1T has been the ambition of Mr.
Rogers to bring Amalgamated Copper
up from the low state into which i
mad fallen some years ago to a strons
business basis, and to make it a com
pany in which the public could readil,
lind safe and profitable investment
Those who know him say that he ha
been greatly pleased with the stead.
advance in the price of stock and il
the company's increasing earning
power. He has said on monre thai
one occasion that he would not be sat
isfied until Amalgamated stock woul
be considered as safe proposition a
ITO as minimum, and really believe
that it is worth considerably NOR
than that. When he gets the com
pany in the condition that he desires
it is not improbable that he will retir
from the same, leaving the manage
ment in younger hands"
Houghton, Mich, Feb. 1.-Announce
ment is made here that, as part of tn
combination of the copper interests
Butte, Henry H. Rogers, has retire
from the head of the Amalgamate
company and isy to be succeeded /
Thomas F. Cole. The statement is al
thoritatiyely made here, and it
further said that Mr.. Cole will assun
his new position at once. Mr. Cole
already known in Montana as the o
ganizer of the North Butte compan
which purchased the famous Specul
tor mine. He has extensive interes
in this region and has also large hol
ings in Arizona companies, some
which he promoted. He ranks high
copper circles and his selection here
regarded as wise step on the pa
of the Montana copper people.