White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1911-01-29

will exercise its authority over the
railroads and the manner in which
the supreme court and the govern
ment will construe and enforce the
measures of the Sherman antitrust
law.
Upon being assured of the govern
ment's definite position in these mat
ters, proceedings will doubtless com
mence accordingly. In case adverse
| decisions are rendered against the
Standard Oil and the American To-
bacco companies, it is believed that
such will be the signal for the
gradual. If not immediate, dissolu-
ton of these gigantic organizations,
and the appearance in their place of
numerous small corporations. On
the other hand, if the decisions are
not unfayorable and the interstate
commence commission manifests no
inclination to proceed drastically with
the railroads, there will, il is strong
ly asserted, follow huge mergers and
combinations, with a view to gather
ing more strength and p%erfecting
control of all elements entering into
the existence of these Institutions.
Principally and important among
these contemplated aggregations is
the consolidation of the large copper
companies. a plan, which. awaiting
the court decisions. has never been
abandoned, and toward the accom-
plishnent of which many things have
been done as preliminaries to a final
deal. This will probably be among
the most important and salient fac
tors affecting the mining industry di-
rectly, although as previously init
mated. the general situation will
have far-reaching influence either for
good or i'll.
While the proposed merger of the
already strong copper interests
promises unusual conditions in the
process of producing and marketing
copper. there is a hint in financial
circles of a new and unexpected
movement. which approaches a mag
nitude well nigh as comprehensive
and important, which is nothing less
than the combination of all the Gug-
genheim interests under one head.
This movement is in a large measure
due to public demand for more def
mite information concerning the var
ious subsidiary companies which the
~Guggenheims control. the affairs of
which have never been thoroughly
understood, even by those who have
placed substantial amounts of money
with them.
The Guggenheims have for years
been in control of the American
Smelling & Refining company, the
American Shelter Securities COM
pany. the ~Guggenheim Exploration
company and the firm of NJ. Gug-
genheim Sons. The necessities of
business have from time to time
forced these companies to transfer
important properties, and as the fiscal
years of the different companies end
at different times, there has been no
time when the exact standing of all
the companies was understood.
1t cannot be stated officially which
n will be the holding concern, but
it is believed that the Refining COM
pany will purchase all the properties
of all the other companies, and this
n gigantic organization will be the
sole representative of the Guggen-
helm interests. 1t will include the
various refneries, the copper mines
in the United States and properties
in Alaska.
The financing just completed with
the American Shelters Securities
company is probably part of this
plan. This deal will not interfere in
any way with the big copper merger.
should the decisions of the United
States supreme court be such as to
render it wise to go ahead with the
latter.
Taking into consideration all these
matters, the trend of which is more
or less apparent to the public. view
ing them from an unprejudiced
standpoint and judging from knowl-
edge of past procedure on the part
of the high financial powers, We can
but conclude that extraordinary
features are contemplated, which will
effect huge change in present condi-
lions and produce results not alto
gether in keeping with the calcula-
lions of the public.-Denver Mining
1900