Bisbee daily review., 1907-01-03
New s6o, ,OOo, ,0oo Copper Min ing Company Formally Or ganized at Duluth = Red Metal Kings Now in Cananea Planning improvements For 1907.


 Before leaving Duluth )n December 29th, the directors of the 6ie Can anea company. known as the stireene- Cananea Copper Co. hetl < directors meeting and elected the following Of ficers to hold their offices for the first fiscal year of the nsw company: President, Thomas F C.,le. cf BGr luth; first vice president, Col VI c. Greene, of Herefori. Afiz.: second vice president and t.easnrer. C.. A.. Duncan, of Duluth: tlsrl vice presi- dent, Charles D. Frazer. of New York; fourth vice president, Joseph 3 Cot ton, of Duluth: first assistant treas urer, William G. Hegirdt, of Dalath; secretary, Frederic R.. Keane ly. of Du- luth first assistant sec, ary, ]. War ren Allen. of Duluth; seeuni assist ant secretary, D. R. Smith. of Duluth. Speaking of the meeting of the big copper men in DsIuth the News Fri
 bune had the following;
 Duluth was the place and a few hours of the early afternoon yester- lday the time. of a momentous event in the history of the copper industry. Red metal giants met, broke bread and organized the newly incorporated S6G, ,0o0, GOO Greene-Cananea Copper company, which will operate the larg-
 est copper mine in the world, complet- ing their labors long before they had begun to work up an appetite for din ner
 There was an air of subdued ex-
 citement all day about the wolvin building, and the offices of the North ! Butte Mining company, which com
 municated itself to the various bro
 kers' offices and the Duluth business
 district generally.
 i John D. Ryan, of Butte, general
 manager of the Amalgamated proper ties arrived from the copper co IntTy early in the forenoon. Col. W. c. Greene, the genius of the Mexican min ing industry. came In about noon ac- lcompaaied by Col. Owen Parker, of
 Washington. Shortly after his arrival and subsequent to luncheon and a few
 short consultations, Col. Greene, Col.
 Parker, Mir Ryan, Thomas F. Cole, c. A. Congdon. Capt. James Hoatson, Charles d'Autremont, Jr., and c. 4.
 Duncan met as directors of the Greene
 Cananea Copper company and elected the officers of the corporation. Discussing the meeting. Col. ". C..
 Greene said:
 You may say that we have been pretty busy and are doing some work ] today. We arrived here about noon and must leave pretty soon. Work ai Cananea will be carried on on a much larger scale now. During the rast four years S30. GOO 900 worth of orc has been taken out of Cananea and the output will be largely inereaseI in 1 the future.
 | Great property? There seems 70 be no dispute about that"
 Reminded by the reporter that big news stories are expected sroIn Col
 onel Greene, he smiled 8 little You were not obliged to come to me for
 the news-and the organization Of ]
 S60 GOO 900 mining company Is fairly
 good sized local item. Is it not?' Nni with that the reporter was obliged fc
 be content.
 The center of interest has been transferred from Duluth to Cananes where the same men arrived on Tues
 day morning of this week. Without
 any regard for New Years day tht , directors were besiiy engaged Tues , sav and Wednesday and 1t wall pro3 ahIy be the latter part of tle weel , hefcre they take their departure iron
 Cananea.
 St Cananea are assembled wsthou ], aestion the men who are controi in: . the copper industry of United States
 The names of Ryan. Cole. Greene [ have figured fn every big copper de7 : of recent years and the big merger a 2 the Greene Consolidated and Canane |. Central is the latest move and sy Ia Y the hsggest undertaking they have al :, tempted. The Greene-Cananea stoc i renreseuts 6 par value Of te0lo0c.0os t That the GreeneCananea comr sn Fl will pay dividends on a higher vsfdi
 ton Is confidently predicted by follow
 CTS Of Cole. Ryan and Greene an
 they are putting their money into ih {, -ew consolidated company. W 't ', North Butte and Calumet & Ariz9u .sl 70 the credit Of Tom Coles man;IS' 'i ment the investors in copper stork
 are expecting big things of the con ,, . nanv of which Mr. Cole for the nr' ~ tin1s Is president.
 " The selection of Dr. Ricketts to .0 general manager of the 0reene1Cal 'o anea company should add ccnfidene U in the ultimate success Of the bi 70 undertaking. Dr. Ricketts Is the ran 70 ing mining man of the west todd t5 He nows the mining business in a 36 It's branches and Is already acting
 the capacity of consulting engine'