Bisbee daily review., 1907-11-26
LIKE 4 DAMNED RIVER, IS THE
 COMPARISON
Charles Finney, Well Known Mining Man, Gives interview
 In Phoenix Regarding Cause
 of Stringency.
lPhosnix Gazette.l

\
 The business of this country is like a river that is damned. When an obstruction is thrown across the stream the water backs up until it is high enough to overflow the dam. Then there is an overwhelming rush of water, down the course of the river, until it at last reaches it's normal lev el. So it is with business. It has beer. ss...aed; t has heen checked. But it is a temporary dam, and a very temporary dam. Business IS now accommodating. Pretty soon there is going to be so much of it piled up that with a rush it will break over the dam. There will be tremendous rush for a short time; then all will be calm, peaceful and prosperous"
 So said Charles E. Finney, gener- al manager of the Authorizations Copper company, the man who in stalled the Humboldt smelter, and who is in as close touch with the commercial pulse of the world as a man living most of the time in the west can possibly be.
 And with the new rush of business which will come when the dam breaks MT. Finney says there is not the slightest doubt that copper will in- crease to a reasonable figure in price. Mir. Finney bases his belief on the certainty that electrical development cannot be arrested. New instruments will be invented, calling for copper New trolley lines will be laid, new telephone lines installed. In the past the demand for copper on the part of the electrical manufacturers has in, creased by leaps and bounds. There is no reason to believe that the sagne rate of increase will not prevail for many years to come.
 Mir Finney believes that before the present slump the metal was forced up unreasonably high in price. There was a squeeze. This was owing 10 the close balance between the sup ply and demand There was just about enough to supply the market and the gamblers did not have to keep any back to keep the price up. But it finally did get too high. The teIe- phone companies decided to use the supplies in their warehouses before purchasing any more. The demand on the manufacturers for the Finished products slackened; consequently there was less demand for copper, and this forced down the price.
 Now the financial stringency is up on us and the companies find difficul ty in getting money for the construc- tion of new lines. etc. This prevents the price of copper from gaining a proper level.
 T believe" said Mr. Kinney, that there is likely to be famine in cop hsfSgV-ea ia T,,v, The industries will be calling for it faster than the mines can furnish it.
 Fifteen cents a pound would be a good figure for copper. That price would suit me perfectly The London Arizona company can produce the metal for cents which would give s cents profit.'
 Arizona's supremacy in copper is now assured, declared Mir Finney. He has been all over the west, and 1t is plain to him that production is bound to soon be greater in this territory than in Montana or any other place. The ores are easier worked and the facilities for development are much cheaper here than elsewhere. As soon as the present furry is over he expects to see this territory. take the lead with a bound.
 Regarding the furry itself, ne con siders it all as a mere piece of foolish ness. The Wall street stock gamblers got afraid of each other. The western banks, when they tried to get any of their money which was in the hands of Wall street people, were told that they would have to wait until the n . a-e SS5 57 ST zlTlIs the hanks in their tnra had sc issue script to prevent the depositors taking all their money out and hiding it in old stockings. The confidence of the public was shaken by a mere small scare in Wall street.
 But it is about all over now. Pretty soon money will loosen up, the banks will begin to call in the script ana an will be lovely The dam will have been broken.
 At the properties of Mir. Finney's company in the Kelvin district deveI- opment work is going right ahead The first installation of machinery has been slightly delayed by money tight ness, but in a short time. when nor nal conditions prevail once more, there will be a rush of work and the big 30,000-ton smelter will be installed.
 The tunnel has been run into the mountain for 250 feet and the ore body, Mir. Finney states, is 100 feet thick for that distance. It shows no signs of playing out and there is no telling how far it continues.
 It is Mr. Finneys plan, before the sinelter is installed, to have at least two years supply Of ore blocked out And then, after the plant is running, he will block out each day twice as much as the daily capacity of the shelter.
 Mir F1nney came in on the morning train from the north. He left at 2 o'clock for the London-Arizona prop erty, intending tc return next week.