Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-10-11

reduction, by which means the mines OF
| Guanajuato. almost worked out. now
promise to yield as much more as
they have already produced, ard their
record is $780, 100000
John ]. Case. who gained his first
| knowledge of smelling here. Is now p o.
I pfietor of the largest Independent smalt-
er in Peru. at the famous Cerro de Pasco
/ mine. from which the 1ncas obtained
| hundreds of millions of treasure. This
property was recently purchased by the
Haggin Brothers, Mrs. Phoebe A. Hea st
and several other American capitalists
FOR $1,000 01. and is being operated by
men trained in the mines OF Lake Su-
per,or.
Ryan and the Heinzes.
John D. Ryan, who is described as the
brains of the ANA gamated Copper Com
pany of Montana" although William
Rockefeller, H. II. Rogers and other
great financiers are on the directorate,
was born and reared in Houghton county
His father was Capt. John Ryan, a miner
of the cary days. and his uncle. the late
Edward Ryan of Hancock was rated as
the richest Irishman in America. Mr.
Horace J. Stevens, publisher of the Cop
per Handbook tells me that John D.
Ryan has added S5o.9oO. 600 and perhaps
Slo.Ho.ooO to the value of the property
Of the Amalgamated company since he
took charge of it. In addition to this, in
association with Thomas F. Cole of Du-
NUN, Mr.. Ryan has bought out F. Angus
tus HeinZe. thereby eliminating litigation
that was costing the ANA gamated COM
pany several million dollars a year Ryan
ana Coe have also bought out Co Bill
Green OF Arizona. and are now in charge
of the Grecne-Cananea m: ne in Sonora
Mexico. which IS without doubt one of the
greatest mineral districts on the g.ohe
Ryan is diplomats. a man OF wonder
md
man he knows is his friend, from the
president OF the Amalgamated Copper
Company down to the trammer in the
bottom Level Of the Anaconda mine. now
ESQ feet deep
f. Augustus Heinze of Montana is the
exact opposite of Ryan. He is the stormy
petrel or the copper business, and has
made his money and his reputation hunt
i,s lor trouble For years he has been
th1 disturbing factor in the copper world
ever since he first appeared in Mon
tana-a tenderfOot from Brooklyn only
twenty years old, to seek his fortune He
had oeen student in Columbia School
OF Mines, New York was supposed to be
an authority on social ctiquet and was
the first man In Butte, Mont, who had
the nerve to wear a dress suit. He be-
gan as an inside engineer for the Boston
and Montana Copper Company at S. a
day, and soon won reputation for
energy, determination and knowledge of
ores. After two years at Butte Heinze
went to German university and remain
ed until 1894, when he reappeared in Butte
with his brother Arthur, who understood
mining laws well as Augustus under
stood ores. The brothers began a cam
paign OF litigation, which involved al
most the entire mining world. Thomas
w. Lawson has attempted to relate the
story in his fantastic and sensational
style.
The Calumet and Arizona.
The Calumet and Arizona mine Of Bis
bee, Ariz., one Of the greatest copper pro-
ducers in the world, is owned here. 1t
adJolns the famous Copper Queen, owned
by Phelps. Dodge & Co, at Bisbee, Ariz
The story Is an Interesting one.
several years ago two miners from
Houghton who had been working in the
Copper Queen returned to their old home
ana told Of prospect adjoining that
property, which they believed was equally
valuable They were both practical, sensi-
Die experienced men who had spent their
HVes IN copper mines, ana knew ore from
sawdust. They We're so earnest that thew
soon excited the interest of their neigh
bors, and a purse was raised sufficient to
send capt. Tom HaatSon one of the mos;
lntelhgent and practical miners in the
Calumet and Hecla shaft. to make an in
vesttgation. Haatson came home after a
few months. and upon his representations
a company was organic ed and SlOl 900
was raised by the sale of stock Haatson
returned to Bisbee and entered into a con-
tract with an Irish prospector named Cos
tello, who owned the property and would
not sell 1t for less than half a million dol
lars. He had offered it to Phelps, Dodge
q Co for that price, and they had turned
1t down.
Haatson sunk shaft, found copper, and
paid a dtvident in sixteen months That
was in 1901. He has since paid S11 90 900
in dividends. The stockho ders have re-
ceived every year dividends twice as
much as they pad for their stock, and
Haatson Is now putting copper on the
market cheaper than any other miner in
the world. 1t costs him less than cents
pound TO work that mine and | am
told that the record cost was 8 cents a
pound until the Calumet and Arizona was
opened.
Forty per cent of the stock OF the CaIu-
met and Arizona is owned by miners and
other workinsmen in this county, ard
many of them have been made indepand-
entity rich by the dividends
Wealth of Peter Sauer.