The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1914-12-05
EUREKA. NEVADA. DECEMBER 5. 1914
Heinze 5 Spectacular Career

of spectacular figures the mining OF the
West known Frederick Augustus Henze who recent
y died Saratoga In his comparatively short he
wresd several immense fortunes from the ground and in other
ways throughout experience Butte Mont he
nuay involved in litigation As young after having spent
year Butte Heinz returned to New York and
poyd time the Engineering and Mining Journal
This publication its ISSUE devote considerable to
Heinze's and among other things says:
To tell the whole story the fight for fortune at Butte would
require volume covered about interest the State OF
Montana from mining to agriculture Politics boiled with and
elections turned upon it 1t of chicaner bribery be-
smching Of the courts and boodshed The Amagamated
Copper Company charged with all the crimes of the calendar
and Hinz figured popular hero the citizen who
fighting for his rights and his property against
corporation less than STANDARD OIL The Anal
gamaed officials Of that time guilty of misdeed
doubt but looking back the events disposed thin
that virtue quite much their side Henzes The
lawyers atened BEFORE the OF
money redeenng feature vz knowledge of the
Butte deposits gained to the subsequent profit OF Butte
that probably would not otherwise have been obtained
In 1909 Heinze had transferred of his interests
to the United Copper Company In 1906 this company.
which still Heinz and the Amagmad became tired of fight
ing and of the incurng of podous legal and of the
stencil things generally The Amagamad purchased the
valuable property Butte paying him about 100000
OO according popular belief The
officially stated far know Thus terminated victor
iously 10-years fight for colossal fortune
During struggle Heinze had shown his versatility He
published started banks he played politics. he did
in his checks he New York 1906 handsome polished
daring willing wager his last dollar supremely confident
that he would prevail obstacle He established his
brothers, Arthur and Otto in the stock exchange firm OF Otto G.
Heinze Co. He had overwhelming ambition figure
banking fnancer and this reeminen the time high
He bought control of the Mercantile National Bank from
Edwin Could paying and became its president
Working through this bank and his stock exchange firm he
and his friends established chain banks Things break
ing big the financial world and Hnzes heard where
bankers and brokers together Then the threatening
days 1907 and when other banker outstanding his
Heinze started United Copper This
had been continued existence although most of its valuable
ey had been sold the and the proceeds distributed
As the value of what remained there mystery and
tainty Yet the capital of the not written down.
which always regarded by critics preposerous neglect The
stock a useful gambling medium.
The attempt of Henze and bis friends United Copper
failed The of Otto Henze failed The Savings
Bank Butte Montana Henze institution suspended
The clearing house committee compelled Hnze resign from the
Mercantile National Bank presidency and began investigation
of its affairs This the beginning of the panic of 1907 That
started with the Heinze failure just the European started
with the murder Of the Austrian Achduke The first the
the panic and the the
both were the sparks in the powder magazines.