New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-11-05

lyn Polytechnic Institute, the School
Of Mines of Columbia University and
in Germany. In the fall OF 1889 he
went 10 Butte, Mont, to work as an
assistant civil engineer for SO day.
Three or four dig operators or corpo-
rations were then fighting tor suprem-
acy in that immensely rich mineral
region, conspicuous among them being
William A. Clark. Marcus Daily, the
Anaconda Company and the Boston and
Montana Company. He was first en-
ployed by the last named. lie soon
saw, in the conflict Of claims and IN
the peculiarities of the mining Law
perhaps also in the ease with which
legislatures and courts might be ma
nipulated- what he regarded as an OPP
portunity to slip in among the combat
ants and secure the real spells of con-
fict.
He returned to New York 70 seek
capital, and here became reporter and
writer for mining journal, in which
capacity he made the acquaintance Of
many mining men and capitalists. Then
he and his brothers inherited legacies
of $4,000 each, and these, augmented
By considerable investment by a
former college classmate, formed the
capital with which in 1891 he returned
to Butte, formed the Ore Purchasing
Company, and the following year re-
organized IL into the Montana Ore Pur-
chasing Company and started smelt-
er. He leased an abandoned mine and
made money out of it, and CLEANED rich
profits from other mines which had
been accounted barren.
Reduces Cost of Smelling.
His fine technical knowledge enabled
him to reduce the cost Of smelling, and
TO get far more metal from ore than
had formerly been got. As he secured
mine after mine, he frequently tres
passed upon what neighboring mine
owners regarded as their territory, and
thus became involved in numerous con-
troversies and litgations, from which
he usually emerged victor.
In 1896 he left his large interests at
Butte in what he supposed to be trust
worthy hands, and went into British
Columbia and engaged in mining and
railroad building. This brought him
into conflict with the Canadian Pacific
Railway, and a sharp fight ensued,
which ended in his selling all Of his
property there to the railway at
subsidy of 100000 acres.
Heinze then hastened back to Butte
to find that u trusted employe had be-
trsyed his mining plans TO a rival, and
the sequel was the greatest mining war
in the history of Montana. He easily
beat his first antagonist, the Boston &
Montana Company, only TO find himself
next confronted by the Amalgamated
Copper Company, backed by the Stand
and Oil Company. In the titanic strug
gle which ensued all conceivable
weapons were employed. Heinze went
into politics 20 secure the election of
legislators, Governor and judges favor
bic 10 mis- side Of the case. In 1902, the
war still raging. he consolidated his
forces in the United Copper Company
of Montana, which he incorporated in
New Jersey with a nominal capital Of
$50 100000 At last, in 1905, the fight
was ended Heinze sold TO the Anal
gamated Company all the disputed prop
critics at Butte for cool s25,000.0 900;
and entered the high finance" of Wall
Street, which just then was running
riot.
His Banking Operations.
The beginning Of 1907 found him
connected with no fewer than ten
banks in New York. His chief associ-
ates were Charles ". Morse. Z. r.
Thomas, J. G. Robin and Dave" La