Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1907-08-17
HEINZ PLANS
FAR REACHING
UNITED COPPER WILL FIGURE
AS THE PARENT COM
PANY.

the centerS IN
dictate a growing belief that the
United Copper company will be the
parent body OF the entire coalition,
says an eastern correspondent.
Mr.. Heinze is the president of this
company, which is capitalized at $780,
600, 900, and for some time he has
been developing pfans which promise
to give it a position of more import
ance in the mining world ven than
that of the AmafSamated Copper
company. There il reason to believe
now that Mr.. Heinze intends to unite
the large number of big revenue pro-
ducing mines which he already con-
trolls, together with several other
properties in the United States, Mex
leo and Canada for which negotia-
tions now are pending, and, in adj
dition, to provide sufficient concen-
trating and smelling plants to make
his interests entirely Independent of
all others. Even some important
railroad construction is understood
to be under consideration as a useful
feature of the entire proposition.
Already the United Copper COM
pany possesses through Mr.. Heinze's
various moves, far more valuable
property than the public has had rea-
son to believe. For some time it has
owned very large interests in the
Ohio group of copper mines in the
Bingham camp of Utah, in the Bing-
ham Consolidated of the same camp,
in the Davis-Daly and the Butte Co
alition of the Butte camp, in the
Stewart mine of the Couer d'Alene,
and a half interest in some 10000
acres of valuable mineral and timber
lands in southern British Columbia.
Other interests are known to exist In
Nevada and Mexico.
In addition to this Mr.. Heinze 10Y
is known to have been back Of the
recent Incorporation of the Miners
Smelling company of Maine for slO.-
900 900, of the Ohio Copper company
of Maine for / 5000, 900 also, and ri
the Silver King Coalition Mines com
pany of Utah for Sc, 250,000. mt,
mately he will be president of each.
In these moves he is believed to have
acted for the United Copper company
which owns large blocks of stocks in
each of these new companies. The
Miners Smelling company, which viii
be the smelling end of the big com.
bination, already has secured title tC
a site of some 1000 acres for a SlrCl
ter to be located two miles west o.
the old Garfield bathing beach or The
south end of the Great Salt Lake
This will be close TO The Garfield
smelter of the American Smelling ant
Refining company which is refining
$500 900 to 1000, 900 pounds of coz
per monthly. The place has exec
lent railroad facilities, 1t is said tn,
Heinze smelter will cost from So,
600, 900 TO $1,000, 900 and will trea
!, silver and lead as well as cope
ores. A year will be required T.
complete its construction.
The Ohio Copper company 0
Maine was formed to take over tn.
Ohio group at Bingham, while tn
/ Silver King Coalition was organize.
, to perfect the merger of the Heinz
Keith-Kearns, McGregor and othe
properties in Park City. This latte
company has no connection with tn
| Silver King Consolidated which nov
l is passing through a ~receivershi
} and a reorganization. The Heinz
company in Park City includes work
/ ing properties which already hav
paid upward of SIS, 100000 in div
dends and may be extended to tax
in the Ontario, Daly-West, Dal
Judge and DAILY mines, all of know
value, which have paid to date an
! other $35, O0O, 900 to their owners
: Reports Of a definite character in
| dictate that the Ohio mines alone wi
i far outstrip, Is copper producers, al
the mines that Heinze sold a littl
4 more than a year ago to the Amalga
mated Copper people, and which no.
Y form the Butte Coalition compan!
Work is being rushed on the 400C
ton mill at the Ohio and the frs
section should be ready by Noven
Der. 1t will treat 1000 tons a da!
The second section should be read
by May.
The Ohio ores concentrate Is ton
: to one, making a product of over 2
n per cent in copper, and the cost {
the process Is less than so cents
g ton. The ores can be mined an
: put into the mill for "a cents a tor
Under such conditions the Obi
r should make it's copper TO. less tina
: 6 cents a pound and, with the frs
section of its concentrating plan
: should produce 20, 100000 pound
M tit -