Bisbee daily review., 1909-12-18
NEW YORK WORLD DISCUSSES
 MERGER
Declares Plan Embraces Tax ing in RothschiId Interests Which Control Rio Tinto, Spanish Mines.

According to the New York World, the formal merger of the Morgan Guggenheim-S Standard Oil copper properties to control tine worlds cop per market has been deferred until after the Supreme Court of the Unit ed States has passed on the Tobacco Trust case. This decision, 1t is un- derstood, was reached by the promot- CTS after a consultation with the em- lssarIes sent to Washington to feel out" the administration on the sub ject.
 In the mean time the work of weld ing together the several interests is being pushed along three different lines, no one of which. in the judg- ment of eminent lawyers, violates the antitrust law
 First, the Guggenheim properties are to be amaIgamated this week. it Is sad.
 Second, the Cole-Ryan concerns, in cluding the United Copper, and the After this the Haggin-Morgan mines at Cerro de Pasco, Peru, are to ab- sorb the Guggenheim's Braden Cop
 
 porated in this third groun. it is "n- derstood, are two properties in Peru controlled by South AlnerIcan Of D.le- ish capital.
 Vast Scope of the Plan. The vast scope of the proposed com bination is shown by the fact that 1t | is to take in not only the Rothschild interest, which control the Rio Tin tos, the great Spanish mine, and next to the Anaconda the biggest producer of copper in the world, but also the Tanganyika mines in Rhodesia and the Congo mining concessions brought under the control of the Guggenheims through Thomas F. Ryan. who by his deal with King Leopold practically i icontrois the copper production of that region.
 1 Simultaneously with the work of amaIgamating the individual interests is being pushed the plan for an agree ment among all the big copper pro- lducers in the world to regulate the production of the metal to conform with the consumption Of it. This is to be a sort of "gentlemen's agree ment." The plan is that each company shall buy some of the others stocks, so that each shall be interested in the prosperity of all and competition be squelched.
 It is believed that the suggestion to defer the formal merger emanated from Washington. It was expected that the Tobacco Trust case would be heard by the United States Su preme Court this month. but its i'm lportance is such that, it is said, il will not be taken up until the yacan T cy on the bench is filled. I Untermeyer Makes Denial
 Samuel Untermeyerr who, it is sup lposed, has been conducting the nego tiations for the copper merger, said last night:
 There is no basis for the repori that the proposed purchase by tht Utah Copper company of the proper lty of the Boston Consolidated Cop per company or it's reported mergel with the Nevada Copper company il lpart of a general merger of coppe properties. The properties of thu Utah and Boston companies adjoir one another. This negotiation to pu them together has been under wa, flor three years, but they have beel unable till now to agree on terms The Utah and Nevada are both knowl as Guggenheim properties, and 1t i natural that they should be put to Igether and opereted together iron the viewpoint of economy and becaus Ithis arrangement will minimize risks iadd to the stability of each of th, properties and justly enhance maI ket values"
 Deniais All Around in Washington