The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1909-05-30

was TO convince his associates of the
folly of continuing the fight. He recog-
nlzcd that lIeinzc had some rights and
! made ovc''' 1:cs for settlement, or ac-
ceptcd o. :turcs made by Heinze
"Tho result was the organization of
the Butte Coalition Mining company
which purchased ali the Heinze inter
ests for big sum, said to have been
$40. 100000, An adjustment with the
Amalgamatcd was then simple,
The settlement of that ugly itlga
tion lifted depressing cloud from in
dustrial, social and political Montana,
and in all its history no one act will
prove greater benefit 10 the state.
''People then turned their attention
to other things. and today the re-
sources of the state are attractions to
the people of the whole world. and
peace prevails whore for twelve years
bitter, bloody and shameful strife only
was known.
This settlement of internal strife
has been followed by more extensive
mining, agricultural development and
railroad building, including the exten-
sion of the Rockefellcrs ST. Paul road
through the state and to the coast.
In addition to holding the impor-
iant position at the head of the Stan
dard OIl copper interests, Mr., Ryan is
interested with Thomas f. Cole of Du-
!uth in many vast mining and Smclt-
ing interests, end is president and prin-
cipal' organizer Of the new Interna.
tIoDa} Smelling and Refining company,
the rival of the Guggenhcims Amer.
can Smelling and Refining company.
lie is one of the principal stockholders
aud an officer IN the Greene Cananca
Copper company OF Mexico, thc famous
North Butte Copper Mining company,
the GirouX Consolidated Mining com.
pany Of Nevada, and is the moving
spirit In half n dozen other big mining,
water and electric power concerns
These are the accomplishments of Mr.
Ryan within n period of about five
years. and evidently be has/b been started
on his career.
He is young man of exceptionally
pleasing personality. has a charming
and modest wife, small family and
still maintains his residence in Butte,
where body-miners, laborers and !
business mcn-like him.
Mr.. Ryan and his associates have |
been extending their operations into !
Utah and Nevada, and any state o, !
community may count itself fortunate
to share his energy and ability.
1.-The companies represented by Mr.. }
Ryan produce at present between 35,-
100000 and 40,000,0G0 pounds of cop
mated Copper company produces about
% ,000,0 900
''As is well known. there has for
some time been a considerable over
production Of copper, and consumption
has NOT been able 10 take care of the
supply, the result being an accumulat
ing surplus.
"The organization of the Copper Pro
duccrs' association, although claiming
to be only for purposes of supplying
statistical information, has had the eff
feet of regulating, to some extent, the
copper situation. notwithstanding de-
cnrad ns hs bont i feen pef can
all the leading producers America
sharing in the curtnilment. AT the
present rate OF production and con-
sumption it will he but short while
until the surplus is taken up and there
will be another rapid advance in the
price of the copper metal until ii
reaches point-say at eighteen or
twenty cents-where producers can
make fair profit,
"Whilc there are Constant .--i1!s