The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1907-09-26
OUTLOOK IS BRIGHT
Lesd and Copper Firm at Profit.
able Prices
COPPER STOCKS HAMMERED
But Trust Masnates Cannot Force Metal
Prices Back Near Level of 1894
Nor Keep Them Down
Contributed by Harry Moore,

Contributed by Harry Moore,
The orgies being participated |,
by both the bold and passive manipu
lators OF Wall Street finances hay
apparently appalled, and frightene,
the buyers Of gilt edge stock securi
ties and also given small investor
slight scare. In preordained mo
tive and studied results the Wal
Street situation is simply a flagitiou
and successful attempt to plunde
the pockets OF Investors whose specu
latlve wealth ranges from say $50,
600 to $10,000.000. 1t is the sam,
old game so often played by the viii,
wizards of our great metropolis, ant
this time is confined largely to cop
per mines and copper stocks, thu
hammering of railroad stocks beins
mere incident in retaliation fol
President Roosevelt's proposed cor
poration regulation policy. However
this latter feature has considerable
to do with the present money string.
ency throughout the east and may
have an influence in either tighten
ing or loosening the purse strings
Of the big tinanciers of New York
Boston, Philadelphia and Chicago for
period to and including the ap-
preaching presidential election.
Trust Magnatcs Precipitated Panic
1t must be admitted that Roosevelt
is measureably right in his aggressive
purpose to eventually erase the pred
atory wealth-gathering powers SO
long exercised by the Rockerfellers
Hill, Morgan and Hartman. But in
this laudable undertaking for the
benefit of the masses he is handi-
capped by constitutional barriers,
radically opposing state laws and
plundering practices long pursued
and winked at by the highest officials
of the land. The presidents vigorous
upbraiding of Hartman precipitated
the money stringency, and this was
augmented by his open sanction of
Judge Lands $29,00O,OO0 fine OF
the Standard Oil company for viola
ton OF the rebate clause Of the Inter-
state Commerce act, while Hill has
not forgotten his defeat in the ia
nous Northern Securities case, nor
Morgan the administration threat
to sooner or later investigate the OPP
erations of the United States Steel
corporation. The packing house
revelations also left unbeatable
sores which incidentally cost Amer
lean consumers of meat several mil
lions.
Money Controlled Through Banks.
The fact is patent to every intelli-
gent student of American trade and
finance that the Rockefeller-Harri-
man and Morgan-Hill combinations
control and direct the circulation Of
more money than the entire balance
of our population, even admitting
that the vaults of the nations saw
ings banks are now filled with the
earnings of legions Of toilers. The
fact that 1t is in these banks Is what
places this vast aggregate of wealth
so largely at the disposal of these
same mountaineering kings, strange
as the allegation may seem. Another
relative fact is that when Rockefel-
Ter, Hartman, Hill and Morgan
adroitly start a financial scare the
little banks and hordes OF small in
vestors, with automatic simplicity.
Immediately lock up their marginal
capital that the big quartet of money
manipulators may the better and
quicker gather in the millions Of
those who had previously fallen into
their shrewdly set traps.
The Copper Fight.
It is obvious to all keen observers
that the battle to control practically
all of the great copper mines and
the price Of the red metal In future
is being waged by the admittedly
powerful Amalgamated company, it's
present policy being to slaughter the
nrice OF it's own stocks and later buy
them in at a ridiculOusly low figure,
the losers by this operation being
such operators as Heinze, Colonel
Greene and lesser lights in the min
ing world. It will be remembered
that when Heinze sold his most val
liable Butte holdings to the Amalga-
mated company, taking part cash and
the balance In that company's secur-
tiles, Amlgamated shares were sell
ing at SIT, Mr.. Heinze being led to
believe by Henry Fl. Rogers that the
shares would 60 to SITS with the
termination of litigation resulting
from Heinze's selling out to the big
company. The opposite result Is the
history Of that transaction up to the
present time. Heinze was fleeced I'M
med:atn!y ont of a few millions play
ing Wall Streets game and since has
suffered the loss of an equal amount
through the slump in Amalgamated
shares.
Heinze and Greene Trimmed.
But Rogers had some unfinished
huslness to transact that would fur
tber cripple the former wizard OF
Butte. Heinze went to Utah and or
ganized the Silver King Coalition
company with an authorized capital
OF about $30,000,000 and secured
Temporary direction of the famous
lead-silver mines OF Park CITY. pay
ing q certain percentage down Tor
the privilege of exercising his option.
Owing to the subsequent stringency
az the New York money market,
Heinze was forced to forfeit his OPP
tion and abandon his chief Utah en-
terprise, thus losing, in all prop.
ability. a large bundle of the coin OF
the realm. Thus we have announcer
illustration of q financial welter-
weight going against a HEAVYWEIGHT:
And what is said to be true OF
Heinse's operations following the SAFE
Of his Butte properties also apples 70
and fits Colonel Greene's case. Inc
nurring policy of the Amalgamated