Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1914-11-05
|. A HE|NZE,
MINE OWNER,
DIES SUDDENLY
Career of Copper King, involved
II Many Federal Suits,
Comes to an End.

SARATOGA, N. Y, Nov. 5.-F. An
guatuss Heinze. owner of immense
copper interests in the West, dleo
suddenly here last night Mr.. Heinze
whose legal residence was Saratoga
came here from New York to vote
he became Ill suddenly on Tuesday
at the home of his counsel, Judge
Nash lockwood His condition grew
steadily worse and he expired early
last evening. Mr.. Heinze had been III
since last June with cirrhoeis OF the
liver. He came here against the ad-
Vice OF his physician.
Mr.. Heinze had made his home IN
Saratoga for the last six months, and
his son, f. Augustus Heinze. Jr., two
wears old, was the only relative he
had here. His wife died a year ago
A sister of Mr.. Heinze, Mrs. William
II. Fleitmann, and two brothers. Ar
thur P. and Otto Heinze, of New York,
left for Saratoga upon being notlneu
OF his death.
Born in Brooklyn in 1869, Mr..
Heinze's life was an unusual one.
After being graduated from the
Brooklyn Polytechnic Institute he en-
tered Columbia and was graduated
from the mining school with the class
of 1889. He studied In Germany for
short time and then went out to Mon
tana, where, at the age of thirty, ne
was the dominating figure in the cop
per mining business, as well as in poll
tiles. His father was Otto Heinze
and his mother before marriage was
a Miss Ida M. Lacey; thus T. Au-
gfstus Heinze was of German-lrish
parentage.
Mr. Heinze's first property in Butte
was the Rarus on which he secured
a
eventually bought the property for
S400, 900. Following this, at the age
OF twenty-six, he went to Trail, in
the Kootenay mining district OF
Northwestern Canada, and built
small smelter for the Rossland ores.
Then he built a narrow guage rail-
road from Trail to Rossland, and fol-
lowed this with project to buiH
another from Trail to Victoria, +. {.
This project obtained for him land
grant from the government of Can
ada He also owned the Rosslaal
Miner. the only newspaper in the
district The end of his Canadian
venture came when the Canadian
Pacific Railroad bought him out and
paid him his own price for his min
ing interests, railroad, land grant
and newspaper. 1t was understood
hat he received s1,200.0O0.
When the settlement of the legal
contest between his United Copper
Company and the Amalgamated Cop
per Company took place, Mr.. Hein&e
and his associates obtained inter-
ssts in several financial institutions,
among them being the Mercantile
National Bank, of which he was soon
elected president. About this time,
Mr.. Heinze made New York his
headquarters, and took over the ac-
tive management of the Mercantile
National In October, 1907, the
Heinze stocks broke In the open
market from $50 to about 80. and he
announced that he would resign from
the bank.
Shortly after this he became in
volved in a number of Federal pros
poutions. These were for misman-
egement of the Mercantile, for over
eertification of checks, and for a
number of other breaches of the
banking law. These suits were
fought over period of several years.
and in October of this year Mr..
Heinze appeared before Justice Page
IN the Supreme Court to answer a
suit Of Edwin Gould's for 81 ,264, 449,
which he had obtained on note
given to guarantee payment for 5000
shares of Mercantile National Bank
stock. At this time Mr.. Heinze ad-
United that at the time he became