The sun., 1906-02-25
1w0 NEW COPPER COMPANIES.
AVE SUPPOSED TO, BE THE EN-.
.pyO OF THE MONTANA MERGER.

,.om,, r. Cole. Who Put the Heinze-AmSl.
e,nued Deal Through, Ono OF the
nlrectors-Taik OF Corporation
= whose Capital Eventually May he
Larger Than That OF u 9. Steel.
rbo-n,s F. Cole Of Duluth Is director Of
vhsRedI fetal Mining Company Of New York,
;ncorpo rated at Albany yesterday with
A.oj,ai ,i sil,oooOoo, which is believed to
I. % the embryo Of the holding company
~, ia 10 take over the harmopized copper
.terests in Montana. The other directors
,smed are Thomas Thornton and Roy 8.
llev of Butte and Charles D. Fraser and
Iobn c. Laor Of this city. e.
AZ Trenton yesterday the Butte Coalition
uinpe Company was incorporated with, an
.thori zed capital stock OF SIS 100000. Tho
,.oorporators are John G. SAKE Of ~ West
Iorty- fifth street, New York, Frederic N
albert. 200 Clinton street, Brooklyn, and
corthnd Belts, 81 Hobart avenue, Summit,
~ The charter, after being recorded
,ith the county clerk Of Hudson, was
h,oupbt here by messenger from the Office
n sbearman and Stelling Of New York.
There is not a word In the Butte COM
npy's charter to indicate. he specific pur-
roses for which it was formed. The objects
.1nressed in the charter are:
ITO carry on as principals, agents, COM
mission merchants. consignees or in any
apacity whatever the business OF mining,
milling, concentrating, converting, smelt-
, mo treating. preparing for market. manu-
tacturins buying. selling, exchanging or
n,berwise producing and dealing in gold.
diver. copper. lead. zinc, brass. iron and
,,eel ip all kinds Of ores. metals and min
sras, and in the products and by-products
hereof Of every description, by whatsoever
,,ocesses the same are or may hereafter
bs. produced, and generally and without
limit as to amount. to buy, sell, exchange,
lease. acquire and deal in lands, mines and
minerals, rights and claims, and in the above
specif ed products and to carry on in any
caracity any business appertaining thereto
or any other business which. in the Judg-
nent Of the company, may at any time be
conveniently conducted In conjunction with
,ny of the matters aforesaid or otherwise"
There is no provision for issuing preferred
tock.
On February 13 it was announced that
Thomas F. Cole. acting in the interest Of
the Amalgamated. had purchased ma
ionty of the COPPER mines owned by the
Heinzes and the United Copper Company,
including all those in dispute between the
two companies, and that a new holding COM
pany would be formed to bring about
general settlement of the copper war, fol-
owed by general clearing UP and unifica-
ton Of the leading copper interests OF the
country.
A member Of the banking firm closely
associated with the Heinses said yesterday
that the new company would in time take
over the Amalgamated, the United and
probably other big copper interests, in the
Butte camp, possibly including those Of
Senator W. A. Clark. He also stated that
the present capitalization will be taken
BY the underwriters and that ultimately the
capital would be increased to a vast sum,
probably greater even than that Of the
Inited States Steel Corporation.
While no representative Of the Amalga-
mated could be found yesterday who
would discuss the plans Of the company,
th remembered that John D. Ryan, presi-
dent OF the Anaconda, one Of the Amalga-
nsteds subsidiaries, stated at the tine
hannounced the settlement that general
Euuping Of all the big copper interests
might be taken up later and that the
new company would be in position to
take over any properties that the general
scheme of harmonious action in the copper
world might require.
The settlement Of the long copper war
between the Heinzes and H. H. Rogers
and the purch ase Of the. Heinze mines
was conducted by Messrs. Ryan and Cole.
Although the Amalgamated is the domi-
usnt factor, it is known that Mr.. Cole has a
large interest in the new order Of things,
being the chief factor in the North Butte
Copper Company, which goes into the new
combine.
Through the settlement Of the copper
var and the formation OF a big co mpany
the Amalgamated and other interests in
voved hope to bring an end to the long
period of decentralization in copper prices.
1t i, believed that the COPPER industry,
may be regulated. somewhat as the steel
industry has been by the United States
Steel Corporation.