Coeur d'Alene evening press. (Coeur d'Alene, Idaho) 1907-1929, 1910-03-23
THE BIG COPPER
MERGER GROWS
ANACONDA COMPANY INCREASES
CAPITAL STOCK TO
$3.50, 900, 900.
Purpose Is 10 Acquire Property Of
Other Companies.

ANACONDA, Mont, March %
Another step toward the merger of
all the copper interests of the eoun-
try into gigantic monopoly was TAX
en- today when the stockholders of
the Anaconda Copper Mining com
pany met here in special session and
voted to increase the capital stock
from the present authorized issue of
100000 shares of a par value of
$25 each to 6,00O,00 shares of the
same par value, making a $15O,0O0,-
900 company of it.
The purpose Of the increase in cap
ital, the directors said, was to ac-
uuire the property of other compan-
les in the Butte district. No an
nouncement was made to indicate
which companies it was planned to
take into the merger, but 1t is known
that the Butte Coalition and North
Butte companies are in the list. Wall
street heard that several of the
Amalgamated subsidiary companies
also are to be taken over by the
Anaconda. The Amalgamated owns
about SO per cent of the stock of
the Anaconda, and also owns the
Boston & Montana, the Butte &
Boston, the Washoe, the Trenton and
other companies.
Coming at time when the proper
ties controlled by the Guggenheims
have been merged, the Anaconda
merger has especial significance to
financial men. 1t indicates that rap
id steps are being taken to form
smaller combinations of copper prop
critics, so that ultimately when
much greater combination is attempt
ed it will be simpler to bring the
various interests together. In the
larger merger will be included all
the Amalgamated properties, the
Cole-Ryan properties, the Guggen-
helm properties, and possibly others.
The North Butte and the Butte Co
alition are distinctly Cole-Ryan prop
critics, owned by Thomas F. Cole
and John d. Ryan. The same in
terests have large sway in the affairs
of the Amalgamated Copper COM
pany. BY the absorption of the
Butte Coalition and North Butte
companies into the Anaconda the re-
lation of those companies with the
Amalgamated will be much closer.
In statement issued by the direc-
tors of Anaconda the reason for the
proposed combination is said to be
the geological formation of the coun-
try, in which the Anaconda and the
other mines are situated. 1t is point
ed out that difficult and complicated
legal questions have arisen as re
suit of the law of apex which pre-
walls in Montana. 1t is explained
that law was chiefly responsible fol
the protracted and costly Heinze-
Amalgamated litigation which ended
in the purchase Of the Heinze proper.
ties by Ryan and his associates
Those properties now are owned by
the Butte Coalition company.
1t is also pointed out that all tbs
companies to be affected by the Ana
conda merger have properties which
are on the Butte hill and are eontigu
Gus. BY combining all into one com
pany it will be unnecessary to deter
mine the justice of many conflicting
claims, as one company will own al
the properties. Besides, with a sin
gle company working all the claims
there will be economies in operations
which cannot be obtained in presen
conditions. Explaining the reason
for making the Anaconda COMPANY
the chief one in the merger, the di
rectors said:
The Anaconda company, becaus
of its size and the fact that its prop
erty is so situated that some Of 1t
contiguous to property owned by al