The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1907-03-25
Interesting Conjecture About
the Calumet and Hecla Pow
er Upon Merging.
PREPARING FOR THE
WARFARE OF C0PPERS
Something Doing, Although in a
Quiet and Dignilied
Sort of Way.

There is something doing in the Lake
! superior copper country In that quiet
! dignihed way, which suggests n new era
/ for the organizer OF combinations who
has become peculiarly sensitive to public
| opinion, And IT is a debatable quest ton
II the Calumet & Hecla Mining COM
pany's unique managerial policy may not
! yet win against It's rivals. Investors and
the public generally may applaud the
nrst blast Of trumpet and beat OF drum
but when this method is used contiuu-
ously 10 advertise the activities OF trust
makers or even OF the self styled phil
anthropic trust busters (pames 100 we'll
known TO need mention herel. then the
charm OF the situation disappears. says
the Mining World.
Remember you cannot always expect
the public TO cheer the Napoleon OF FL
nance the Captain OF Industry. nor the
Grand Mogul OF Stock Speculation It
would be impolitiC TO forget also I'm this
age or progress that the trine today may
become OF such magnitude tomorrow as
TO create new leaders. Following the
announcement that the Calumet & IIccla
company obtained control of the -Allouez
property and large interst in the Osce-
ola Consolidated, word is received that
Centennial stockholders viii VotS April
: Tor a similar change in manas selrSeSlt
Centennial and hllouez, by the way, IlI
been managed by practically the same
people, which may explain the case with
which the Calumet & Hccla has acquired
both properties,
With Osceola Consolidated. however.
dent. a ;. Eigelow. has FOR n long time
been hand in glove with the Amalgamat-
ed coterie. the greatest rival of the CAL
umet u Hecla company: 1T may there
fore be expected that Blgelow Will put
up stIn fight before he surrenders the
control OF Osceola Consolidated. And
yet we believe that the property would
be better managed by the Calumet e
Ilecla people. Understand. the Mining
World is not being subsidized 10 encour-
ase or discourage the work Of either
side but II Will always aim for n high
CT standard In mine management I'm
order that the shareholder shall receive
an equitable return on his investment
pany although it was incorporated i'm
1895 with capital OF 81. 500. 900. did not
begin production until July 5, 1904. That
developnents so far have been disap-
the management, which has shown un-
usual energy. Whether or not the mine
itself Will continue To be n dsappoInt-
mcnt must be proved by future work
which should be both intelligent and eco
nomlcal Perhaps the concentrated man
asement of both the Centennial and AL
louez mines Will result in the payment
OF dividends, Let us hope so.
r. me copper production of the Lake
superior region amounts annually 10
ed by the United States and as this
country contributed last year $50 per
cent OF the worlds output. IL may be
conJectured what will be the power OF
The Calumet g Hecla company should
II succeed In its plan to control certain
mines In the Lake Superior district
Whatever may he the intention of the
Calumet d Hecla management. it lis Ger
tainly fortifylng its position 10 be more
successful in future competition with the
Cole Ryan Greene and
IIeinzc interests In the copper markets
OF the world,