The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-05

remainder OF his life Nops,,sn .mue, "''H
he was constantly 'huer"oou'
embrolled in affairs that brought MIN
into court again and again
worked Ms Mine Laborer.
He was born in Brooklyn on December
g. 1883. His parents were able TO give
him many advantages, and by study ana
travel he prepared himself for the many
roles he was TO play. Being graduated
from the Columbia School OF Mines In
1889 he went out to Montana to seek MS
fortune. For two years he worked In the
mines Of the Boston and Montana Com
pauy for So day. Then he and ms
brother. Arthur T. Heinzc, went into the
smelling business. leasing mines and tax
ing out the ore on a percentage basis, Not
long after that Mr.. Heinze organized the
Montana ore Purchasing Company.
From the beginning Mr.. Heinze was in
volved In litigation. II was claimed that
ore bodies discovered In the Rarus, one or
his mines, ran into the property OF other
concerns. Suits were brought against him
| by the Boston and Montana and the Butte
and Boston companies. Mr.. Heinze had
| friends in Office and In the courts, ana II
was charged that legislation favorable TO
| him and inlmicable to his rivals was
| passed and upheld much according to his
| wishes Anyway he won these suits and
| Others that steadily added to his fortune.
Tho late Marcus Daily had been chief
owner OF Heinze's rival companies and
when the Amalgamated Copper Company
was organized In April. 1893. with capt.
tai of SIS, 900, the STAGE was set for
a great copper war. Heinze was soon
involvo6 IN litigation aEainst DAILY. the
late Henry II Rogers and other men
representing Standard oil interests AZ
officials of Amalgamated.
Henzes brother delved into the titles
OF every company controlled by Amalga-
mated and whenever he saw chance
bhe started a suit The result was that the
copper industry In Montana was tied NJ
in knot thousands Of poor men were
thrown out OF work and Heinze kept or
making money When the war was settled
IN 9O6 the young man from Brooklyn has
a large fortune.
During the struggle Heinze had show
his versatility. He published newspapers
he started banks, he played politics, h
did anything that would promote his min
ing interests. In 1902 he organized III
United Copper Company and three year
later came TO New York. a handsome, pol
ished, daring man. willing to wager hi
last dollar. supremely confident that h
would prevail over every obstacle. IL
established his brothers. Arthur and Otto
in the Stock Exchange firm OF Otto {
Heinze & Co. He bought control OF III
Mercantile National Bank from Edwi
. Gould and became its president
Working through this bank and III
Stock Exchange firm he and his friend
} established n chain OF banks. Trims
, were breaking big in the financial worl
> and Heinze's name was heard wherevt
, bankers and brokers got together. The
/, came the panicky days of 1907. and whe
, every other banker was outstanding h
resources Heinze started 10 corner Unite
q | Conner.
2 That was the beginning OF the en-
. | Great quantities of stock were dumpt
into the market and were bought by firm
= | commissioned by Otto &. He.nze X {
v Debts came piling up and on October !
: 1907. the Stock Exchange Suspend
. Helnze's brokerage house. The State Sa
{ ings Bank OF Butte, Mon. Heinze Il
!, stitution. suspended payments. The Clea
q ing House committee compelled Helm
to resign from the Mercantile Nation
Bank presidency and began an investig
ton OF its affairs,
The result was that Henze and h
frends Charles w. Morse, o. F. Thorn
d and r. r. Thomas, got out OF the ban
which had been organized at Heinze's su
gestion. Heinze struggled to malnta
l. himself but he was in too deeply and hi
N TO quit He lost money as easily MS
=, had made It, Then he was indicted a
}" arrested for overcertifylng checks
n. settling his brother Otto's affairs. 7
m trial went along and while Heinz W
freed he was also comparatively none
IL less He went back 20 Butte.
IN During the last few years he had be
Q. IN the public eye chiefly as a !tigant
g actions growing out OF his Wall sire
n career His most recent appearance W
"A as defendant in a suit brought by EdN
a. Gould to recover on promissory notes W,
~. which Heinze bought his way into {
Mercantile National Bank. The judgm'
for more than a million dollars w
against Heinze.
During a previous action he had be
al. reported as dying and was unable To q
=, pear in court, He had hemorrhages
ell the stomach and cirrhosis OF the liver.
IN the Gould trial his voice was weak a
ay husky. He gave tho outward appearai
ga, OF health, but his friends declared that
TO was very i'll.
Re. Heinze married Bernice Golden, an
TOR tress. in 1910. She divorced him I
Ia years later. Mrs. IIeinze died In April
bIs last year, having become reconciled W
w. her husband on her deathbed. thr
vlsFna