New-York tribune., 1909-05-20
HOW MIR. ROGERS RUSE
As NAN IND EINANCIER'
r1o Fast Interests and the Human
Nature Of the Capitalist.

.-.,a Ar Rogers had both attacled Ii4ei'd9 an
- enemies IN the financial district there vas
,....-t there yesterday from the estimate Whion
- bf-, ancn- the most remarkable business
and 6aancers OF his generation ana 'nele
-rs,,v. expressions Of regret at his death' me
= -s7a consolidated stock Exchange OF "ii'Oi-
Ia hat,t,, he had been a member since leo7' "ne"
- - the Consolidated Stock and Fe'roIeu'" "a
j Va 80. rlsced at haIfmast out OF respect 10
eli,r-,- As another tribute TO his memory ~
-.-,,iors were teegraphed TO Butte NON ~
- -srnonernent Of the annual Tneeu'e u ~
,~,oonda copper Company winch w.
=, held there yesterday. -. -.
from, his work in the Standard Ou Noi"-
- z-rare his especial field Of ACTIVITY ""e D
fsc,oproent Of the system Tor the udi'7i, -,
!, all his most noteworthy acilleEelii01i' -
%, .t,e ,r,-anization of the AnalEa1nated NoPPeI
ao'H ~ ~ f,,,,od with the object Of extending 10
i,+,s,ry of producing copper the system anu anu
=, economies which had made the S'aiiueiu
,-o-,r.an, rre-enlinent in the OIL BUSINESS ~ ~
ooIli-- ,l,o ,,7,,Iete combination in the copper
.5rs,r,- is still in the future He was also ~ -
-rv years one Of the reputed heaos oi y, -,
nc - ,-rop-n as the STANDARD OIL group nav
- Zen supposed share its leaoers'hp VIZ
1,-irris,,, Rockefeller in stock market oleIa'''
r,,arrir scale. Most Interesting oi HS
.1,o 1-ireinian Railway. in the hui-u''lt u
w., 10 e,,n7,liei many millions from ms PrlN0'e
~, and the necessities Of which when near
a1e,;or. are understood TO have been met
= ,,irr Al = heavy sacrifice, owing 10 'i-e sum
,--,- IN the money market al 'he nm :.
- IN The early COS that Mr. Rogers oe
.-..-es-ed in the oil business, on Which NJ
s,,5ad his fortune Penni!ess. he Went u "
Dsns,1ranIs oil fields, where he learned 'I'oro1sn
:. ~ -,ro5ucfnE side OF the business H' 80
,te-e was short, however que 10 Ds - ia
80 q raint shop proprietor. VINO "'s "
.,-.,-., friend and customer OF mares
- % the Pratt Oil Works, in Brooklyn MI
-. commended Rogers 10 Mr. PratI anu ''e
,-,- man was sent for He soon peNai', " "
.9..,t factor in the firm Of Charles Fra'' q "
"a - once gave evidence of his genius ioI VI gam
zation- ,,- ,,.t,,a5 credit
Jobn n Rockefeller has generally received -
g.. the iDception Of the Standard oh OolHf"t'S'
lol - r3r,self has disclaimed Il The plan
.s1I,- originated with Mr. Rogers he propoSeG .
=. -. owners OF all producing oil wells shouio
-oor their product and market Il throusH o
concern the purpose being to control 'ne ou.pul ~
~ .,s, Of handling and stop competition
eo7,e of the large operators took up the propo-
i.for md this was the inception Of the stanoaro
o1 ,-o,,ranz- To this plan he added the scheIhe
of ruyinE out all small producers ana Voi.'oii'e >
she bfp ones Again II was NJ rogers "io 70" ~
.,,,se5 NJ inventing the process or freezing ou'
.bsa who refused to come into the combination
--.,.s7l,- he became vice-president Of the COM
-7z-v and Nj Rockefeller's first assistant Nheh
the latter retired from active control OF 'le com
pany Mr.. Rogers became the chief hgure III 'ie
inanaE cement
I'll s-ter,n7s Of the courts TO make him dlvulge
standard or secrets At one Of the hearings mere
IN behalf Of the state of Missouri In ls'o ne af-
naare5 IS 2 witness, but refused 10 answer any
vital questions.
- : o,,i-e irnrnaterial what the Supreme Court
- Missouri desires me to say other than what
have testified ms defiant statement IN iel,.y
:. ues,io,e And he maintained the same attitude
Inward The New York State Supreme Court III IL
s--e-,r- to aid Missouri And Attorney GeneraI
L Hadlev who was conducting the case heNei
.,ocas5ad IN making him tell what he chose 10
keep himself.
HIS ACTIVITY IN COPPER
1t was about 1855 that Nj Rogers turned ms at
tenticn 10 the copper industry, and IN me looM s
spr4ng II was announced that he had obtained an
o--ion on the majority stock Of the Anaconda Sop-
per Company. A.few days later the AmalgaI1a tea q
Copper COMPANY was incorporated at Trenton win
capital OF s75eeoeto, the Anaconda being the chiet
os lis constituent properties Nr- rogers was We
Ir-sident and The directors were all men afnIlateo
with the STANDARD on party except Marcus
Ilalv the president who had been one Of the prin-
cpaI men in the Anaconda In 1901 the capital
stock was increased 10 S155 001eo5. the present hg-
IRE on the taking over OF the Boston and Montana
Consolidated Copper and Silver Mining Company
and the Butte and Boston Consolidated Mining
Company
Fer several years the Amalgamated waged deter
mined war 2 Augustus Heinze, whose copper
properties in the Butte district. the contes
the Anlalganated Copper Company took possession
Of all Of the mines and mining property OF MI
Fenze and his United Copper Company. which heo
been in controversy OF litigation with the Ainai
samated.
From the beginning Of his Identification with tn
copper industry il had been assumed by Wall Stree
that Il was the purpose Of M Rogers ultima tel
control that industry. assumption TO which
weight given by the steps achieved ia his lf
In the absorption OF the Boston and Montana ant
ths Butte and Boston and the Heinze properties
and more recently the obtaining OF control Of III
Greene copper properties in Mexico by the Cole
Bvan interests. which had been closely allied wit
The Araalgamated Only few weeks ago it va
reported good authority that plans we're unde
discussion 5or -he bringing under one control /
some form or ether Of all the copper producing
companies of tle country. plans IN which Mr.. Rog
was understood TO ne actively interested.
L the Anlalgamated Copper hotation tha
furnished the basis Of Thomas " Lawson's stor
q -Franzied Finance" Lawson was the agent Q
Rogers and laid claim TO giving him the idea G
the Copper Trust" II was never shown clearl
whether Mr. Rogers dropped Mr.. Lawson or tn
latter thought the other playing unfal
game
LITIGATION OVER BOSTON GAS.
Several years ago Mr.. Rogers was involved in
long litigation arising from his connection wit
the Boston gas situation. J. Edward Addicks VIII
had organized the Bay State Gas Company
Delaware. and through it controlled the gas con
panies Of Boston. undertook to acquire con
panies in Brookline. where Mr. Rogers already va