Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-09-14

wear away. Tho copper cables that
/ link Europe and America viii keep
working till the crack of doom. War
and fire are the only real enemies OF
copper FOR then. SO 90 speak. % IS lost
WATER IN AMALGAMATED STOCK
In the copper world. as elsewhere.
"a supreme law holds good 1.-The SUR
vlyal of the nttcst" The Amalgamat-
ed mines were oFcr-capltlIiEed 90 per
cent. They could onb' make good III
Mr. Rogers could corner copper and
sell 90 above n cents pound. Ana
cunda was capitalized Tor f3o.O0u.oO1,
10000 shares at &25 90 share. Daily
aud Haggiu were always willing Go sell
% Co the R0thschilds fOr Jess than $25
q share ln fact. the Botnschilds had
years option on the control for less
than $50 share. They never eNer-
cised that option. but AIR. Rogers
came along fresh from his achieve
ments in gas and Oh and ho gave $40
a share Tor Anaconda and uuloaded o.
oH the Amalgan.at,d Copper company
Cor $50 a share. Hc thought Dc could
do what the N1tnwE'lIs with their
100 years experience CT copper and
finance CoLlu not DO and JHut d. cor
nor the worlds copper supply and sell
q at "a price that would make Amalga-
mated worth $3.50 "a share and Ana
conda worth 500.
Sir. Rogers attempts TO corner cop
per and to make Amalgamated and
Anaconda sell az two and a half times
their cost 20 himself is a sorry exhibit
I'm the Industrial world. Mr. Rogers
failed aa Secrctau failed and as Mr..
Rogers. the GugEcuhoims. Nogelsteins.
the Nichols people combined have
failed. So viii AN OF most an ulu-
mately fail who essay 10 defeat the
great laws Of supply and demand.
These remarks are made at this
time when Mr.. Rogers and his assoc
ciates. as we'll as the Guggenheims
and Mr. Nogelstein and tho Mcssrs.
Nichols have undertaken 90 tell the
industrial world that from and after
sept the price OF copper will be Is
cents. The banks and trust companies
who are financing these various con-
Germs win soon find ont that lS-ccnt
copper is Wild insane and impossi-
BILE dream. They must ultimately
force the liquidation Of the mountain
Of copper growing iu the hands OF the
smelling and refining companies and
the selling agencies Is there any
doubt but the result win be disastrous
90 the people striving 20 keep copper
at a fictitious and impossible price?
That attempt as in the case Of the
Secretan syndicate, will drive copper
below ita real value.
CAN MAKE PROFIT AT IL CENTS
Six years ago I compared 12-cent |
copper 90 81 wheat, and 17-cent cop |
per to 81 wheat. everybody knows tde |
latter IS impossible and the world will /
soon know that the other is Copper |
az 4 . cents gives the mine-owuer leRit- /
innate and I'm "a multitude OF cases vast |
profits and 12-cent copper win allow /
the world 20 progress along natural /
and economic lines. The copper mine /
owners who cannot make ends meet /
on q 12-cent copper basis had better |
seek fresh fields and pastures new. /
There are thousands OF virgin copper /
mines that can be made 10 produce |
copper at a Z or or cents cost /
II Mr.. Rogers and his associates had /
spent the past eight years rounding 4
up sucn copper deposits from Mexico /
Co Alaska, they could now calmly face /
the music of 10 or Recent copper. /
But they We're too busy cndcdvoring 10 /
crush +. A. Heinze and creating flcti-
tious prices for copper metal
And 60 add 10 the dramatic interest /
OF this Who'll situation Alr Heiuze has I
acquired vast copper mines in Mexico 4
and I'm Utah, out OF which I'm a little /
while De win produce 30O.00O.0OG I
pounds of copper a year at "a cost OF .
less than cents a pound
From mF point OF view. the drop iu /
copper t0 y cents a pound win be
distinct financial and Industrial gain. /
It VIII stimulate the building OF troll /
ley lines lI telephone and telegraph /
extension 10 viii hasten the build
ing of electric power plants and ro-
lease tho s4u.O0O.O0O on $4,000. 600 /
now tied nap lu carrying thig dead load /
OF copper metal Az far as the sccur-
ity market i4 concerned 10 is time that /
30 should Doe emaucipated from the iu-
hucnce OF maIg8matcd. There is uo
reason why Che security markets uf \
Europe cor America should De- swavad
by The antics OF such stoCks.as ANAL
gamated 0r Iuterboru-Met Metropolitan.
once these and such aa these are at
their proper level and Tho deIugc OF
water squeezed out of them. the leeit-
mate security market can take care ~
o.