Los Angeles herald. [microfilm reel] (Los Angeles [Calif.]) 1900-1911, 1909-05-24
JOHN D. RYAN TO
SUCCEED ROGERS
FORMER SALESMAN TO MAN
AGE STANDARD OIL
WILL ALSO HEAD AMALGAMATED
COPPER COMPANY.
Rapid Rise from Obscurity of Man
Who Will Take Place of Rookie
feller's Lieutenant Is
Marvellous

John d. Ryan. who appears to be
slated as the successor of Henry H.
Rogers as the head of the Amalgamat-
ed Copper company and the Standard
Oil copper interests, has had a remark
able and sensational rise in the finan-
cial world said Charles Copenhame of
Butte, a mining writer and Montana
copper authority. at the Westminster
yesterday.
mot more than ten or twelve years
ago Mr.. Ryan visited Butte as an oil
salesman, selling the product of a
Standard Oil company rival. In that
capacity he met the late Marcus Daily,
who made him cashier of the DAILY
bank at Butte. He occupied that posi-
ton until the death of Mr.. DAILY, and
the retirement of Mr.. Scallon, the then
managing director of the Amalgamated
company for Montana.
Mr. Ryan was chosen to fill the va
cancy and Immediately proceeded to
make good. He is man that says
little, though an extremely sociable
man. but he does things. At the time
of his appointment as managing dtrec-
tor there was pending in the courts of
Montana the famous mining litigation
between the Amalgamated and F. Au-
gustus IIeinze's United Copper com
pany. which scandalized the whole
country, corrupted the courts and dis
graced many men. costing the liti-
gants many millions of dollars.
The first thing that Mr.. Ryan did
was to convince his associates of the
folly of continuing the fight. He recog-
nized that Heinze had some rights and
made overtures for settlement or ac-
cepted overtures made by Heinze.
New Company Organized
1.-THE result was the organization of
the Butte Coalition Mining company
which purchased all the Heinze inter
ests for a big sum, said to have been
s10,000,000. An adjustment with the
Amalgamated was then simple.
1.-THE settlement of that ugly litiga-
ton lifted a depressing cloud from in
dustrial, social and political Montana,
and in all it's history no one act will
prove a greater benefit to 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 where 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 extern
sion of the Rockefellers' st. Paul road
through the state and to the coast.
I'm addition to holding the important
position at the head of the Standard
oil copper interests, Mr.. Ryan is in
terested with Thomas F. Cole of Du-
luth in many vast mining and smelt-
ing interests, and is president and prin-
cipal organizer of the new Interna-
tional Smelling and Refining company,
the rival of the Guggenheims' Ameri-
can Smelling and Refining company.
He is one of the principal stockholders
and an officer in the Greene ananea
Copper company of Mexico, the famous
North Butte Copper Mining company,
the Butte Coalition Mining company,
the Giroux Consolidated Mining COM
pany of Nevada. and is the moving
spirit in half a dozen other big mining,
water and electric power concerns.
These are the accomplishments of Mr..
Ryan within a period of about five
years, and evidently he has been start
ed on his career.
Is Young Man
"He is a young man OF exceptionally
pleasing personality, has a charming
and modest wife, a small family and
still maintains his residence in Butte
where verybody-minors, laborers and
business men-like him.
Mr. Ryan and his associates have
been extending their operations into
Utah and Nevada, and any state or
community may count itself fortunate
to share his energy and ability.
1.-The companies represented by Mr..
Ryan produce at present between 49,
100000 and 100000 pounds of copper a
month, and of that the Amalgamated
Copper company produces about 25,-
100000
As is we'll known there has for some
time been a considerable produce
ton of copper. and consumption has
not been able to take care of the sup
ply, the result being an accommodating
surplus.
1.-The organization of the Copper Pro-
ducers' association, although claiming
to be only for purposes of supplying
statistical information. has had the
effect Of regulating, to some extent,
the copper situation. Notwithstanding
denials, the fact is that production has
been curtailed about fifteen per cent,
all the leading producers of America
sharing in the curtailment. At the
present rate of production and con-
sumption it will be but a short while
until the surplus is taken up and there
will be another rapid advance in the
price of the copper metal until it
reaches a point-say at eighteen or
twenty cents-where producers can
make fair profit.
while there are constant denials that
a combination of the worlds big cop
per producers is impending, yet it is
evident that negotiations to that end
are closing, and it is a safe prediction
that copper will never again sell as low
as it did during the past year nor so
high as it did before the 1907 panic.
Prices will be regulated to the salts
faction of producers and consumers
alike, and the constant anxiety pro-
duced by uncertainty of the market
viii be removed"
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