Bisbee daily review., 1907-12-08
ANALGAMATED IS NOW AFTER
 NORTH BUTTE
Big Copper Company Likely to Absorb Cole Property of Butte District-Thought To Be in Control.

The discovery was made last week
 that Amalgamated was likely to se- cure control of the Butte Coalition,
 comments the Boston Statist.
 It has been generally understood
 Tor long time past that the Butte Coalition was bought from the Heinzs people with Amalgamated money and that 1t was in almost every sense an
 Amalgamated concern. Thomas F.
 Cole and John D. Ryan nominaIly
 headed the syndicate that made the
 deal whereby the property passed from the Heinze control and into that of the Butte Coalition. Amal- gamated engineers examined the prop. erty after the sale had been com. pleted and the ore Of the concern
 was shipped to the Washoe shelter.
 In many other ways the interest of the larger concern in the smaller was
 made apparent.
 It was generally supposed at the time the trade was made, that Butte Coalition would be legally adopted by the Amalgamated in due time If during the recent slump the big com. ! pany has been a buyer of Butte Caali. tiOn stock it would surprise nobody; since it is now generally known that all the long list of insiders who prof tied by the formation of the Butte
 Coalition have sold their stock at higher levels and might be logically expected to be in Q position to take their shares back. In the past Amal- gamated has never bought anything
 cheap, and it has only succeeded in 1 o lYinor altar ft hod done a world of good and practically changed the property over. It is un- derstood that this has been done in the case of Butte Coalition, but if IAmalgamated has bought any Coali- ! tion stock cheap it has been the first tme in it's history that it has sue | ceeded in doing so.
 l Butte Coalition has constantly i'm. proved it's showing from the mining
 standpoint and the properties, which
 owing to the legal entanglements that surrounded every movement, were compelled to operate more or less ir 1 haphazard fashion, have now been thoroughly reformed and brought down to a systematic basis. For this ] work Manager Carson, who had made such a big success of the North Butte
 was especially fitted. The two prop ositions were very much the same and the experience gained in one was of immense benefit in the other. There is no gainsaying the fact that Butte Coalition can best be operated in conjunction with Amalgamated, and that without that large help the Pu- ture of Butte Coalition would not look nearly so well as it does. During the next year the property should be cas- fly able to handle ore enough to jus tify an annual output of 60,000,000 pounds of copper which should return substantial dividends on any kind of a copper market. In case of Butte Coalition going into the hands of Amalgamated there is little likelihood that the shareholders of the company
 would be affected in any way. They
 would probably stand on the same footing that those Of the Anaconda company now do, and the operation of the company would likely be inter fered with in no way. It considered not at all improb-
 able that when the situation clears
 it will be found that the Amalgamated Copper interests are in control of
 both North Butte and Butte Coalition and tN2t Amalgamated will then be .supr s- in the Butte camp, says a BcstoG dispatch to Paine, Webber 6
 C The latest orders of the Anal
 gl1lated are for the Washoe to re-
 ceive no more custom ore which will
 shut off both the North Butte and
 Butte Coalition from copper produc-
 ton.