The copper era., 1907-02-28
HOW HATCH UNL0ADED
ON SENATOR CLARK.
It Was Painful Sore But the Colonel is
Not Adverse to Exhibiting it.

MOI ADVERSE 10 cXnlDltlnQ II.
A group of mining men were sitting
inthe Hotel Adams last week talk
ing over historic mining deals. One
of them said that he chad in mind
story which he had frequently heard
Col. Frank Hatch tell. He always
told it with the gusto and enthusiasm
of the boy who persists in showing
the other boys the sore on his arm.
1t related to Col. Hatch's first and
only business transaction with Sena-
tor w. A. Clark. 1t was in the baby
days of the United Verde. Several
New Workers had come into posses
sion of various sized blocks of the
100000 shares of the capital stock of
the United Verde then being offered
in the metropolis. Col. Hatch him
self had 5000 shares which had lapsed
to him as security for loan of $500.
By that time the holders of the
stock had long since transferred it to
the profit and loss account.
After awhile it began to be rumor-
ed that one w. A. Clark, who had
cut some little figure in the mining
world, was interested in the United
Verde stock and had been buying it
up at fabulous prices ranging from
fifty cents to 81. 1t was represented
to Col. Hatch by other holders who
had unloaded upon Mr.. Clark that
Montanan was good thing and
ought to be worked while it lasted.
Mr.. Clark had never done anything
to Col. Hatch, but the colonel could
not resist the temptation to slough off
his United Verde on him; he justified
his evil intention toward Mr.. Clark
on the ground that he was not in the
mining business anyway while Mr..
Clark was and perhaps might eventu-
ally get his money back.
One night he sauntered casually
Clark was stopping and inquired for
him. Though the hour was yet early
for New Workers., Col. Hatch was
told that Mr.. Clark was already in
bed. He sent his card up and the
reply was brought back that Mr..
Clark did not care to be disturbed.
The colonel had, however, learned
that Mr.. Clark was going to sail for
Europe the next day, so what was
done had to be done quickly.
He had another card taken to Mr..
Clark informing him that the sender
was holder of small amount of
United Verde and that he had under
stood that Mr.. Clark was collecting
that stock. The reply this time was
an invitation to come to Mr.. Clark's
apartments. Mr.. Clark was inclined
to apathy on the subject of United
Verde; he had bought little of the
stock he said but really didnot care for
any more; he was not sure that it
was of any value but he was quite
sure that Col. Hatch's valuation of
81 share was wildly extravagant.
However, he said that he would let
Col. Hatch know before his departure
for Europe whether he would ia Ike
the stock at anv price.
The next morning Col. Hatch re-
ceived a telegram informing him
that Mr.. Clark who was about to
leave had decided to take the stock
and that if it were delivered at d
certain bank in the morning, Col.
Hatch would receive $4,000.
"Were you there when the bank
openedT' Col. Hatch was asked.
"Was 1 there?" said Col. Hatch;
81 was there at I O'Clock and before
the hour of opening, L began to sus-
pect that the bank had suspended"
The income on those 5000 shares of
stock. would be S125, 900 annually.
1t was related by the man who told
the story how Clark discovered the
richness of the United Verde. He
had been shipping great deal of
matte to New Jersey refinery which
failed owing him large sum. He
was obliged to take the concern over
to save himself and going over the
books he found that the refinery had
been receiving matte from the
United Verde and he was amazed at
its wealth in gold and silver. Con-
sidering the then price of copper,
Mr.. Clark was of the opinion that
the United Verde might turn out to
be the greatest copper mine in the
world and to a large extent his
opinion has been borne out by subse-
quent events-RepubliC