The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1915-12-16
The Game of Chonce in Mining.

now pushing production up to top
speed, and which is one of the Won
ders of the world in the age Of cop
per developments, had at one time
been turned down by that great min
ing wizard, j. Parke Charming. Not
only this, but in times past, Mr. Chan
ming turned down and passed up sew
eral properties in Butte which have
since proved fabulous producers. At
Ter turning down Inspiration, he turn
ed to Miami and took up that prop
erty, which has since proved to be
only second to Inspiration Consolidat-
ed, and which is the nucleus of the
/ town of Miami, a town that is fast
4 becoming one of the greatest mining
and smelling centers of the south
west 1t also later developed that an
option of 100000 shares of Manu.
practically working control, was CIV
en- by the Miami people to the lnspir-
alton at little under $50 per share,
/ but the option was not exercised.
Therefore Charming discarded Inspir-
alton and the Inspiration interests,
with the tables turned, thumbs down.
ed Miami, the creation of Mr.. Chan
ming
Considerable talk has been going
around lately concerning merger be-
tween Anaconda and Inspiration, and
this recalls the various rumors con-
corning mergers in the Miami dis
trict At one time it was said there
was a prospect of a merger between
Greene Cananea, Miami and 1nspira-
ton Consolidated, and even before
that, a rumor was afloat to the effect
that Miami and Inspiration might be-
come one, though no one in authority
in either company Is known to have
given credence to the statement. With
out doubt Inspiration Consolidated,
which has the largest banking person
mel of any mining company in this
country, would like to take unto It
self the entire Miami bunch of pro-
ducers and good looking prospects
but usually there has been something
in the way. When Inspiration Joined
with Live Oak, resulting in the $780,
100000 Inspiration Consolidated,
bringing together the Amalgamated,
Morgan and Guggenheim interests, 1t
was thought a good start had been
|, made toward merging up the proper
ties there and opening number OF
mines that could not formerly be OPP
Grated at a profit. 1t was even stated
four years ago that the Miami distr1c'
would furnish the base for the huge
copper merger, rival of the United
States Steel corporation in it's billion
dollar capitalization, and succeeding
where the lately dissolved Amalga'
mated had failed.
But there seems to have been at al
3 times an element of friction between
2 the Miami and Inspiration groups, tina
has stood in the way Of reconcilla
, tion and consolidation of their mon
ster interests. No doubt the heads
both companies would deny that an,
such friction existed, but the record
t. would read differently, and therep
hangs a tale. This tale goes back t
the beginning of both companies an
deals with the germ of jealousy an
II rivalry which was planted there whe
q Mr. Charming turned down Inspiratio
e TO take up Miami, and Inspiration al
e terward threw cold water on Man
I by declining to exercise an option o
! the working control of the stock 6
practically $50 per share. Each haV
ing expressed it's opinion, the scoi
% should be about even. Possibly SON
It day. when the present heads OF tn
- two companies shall have passed frol
control. the friction will disappea
The Anaconda company now operate
IS the international Smelling and he
g. dning plant at Miami, which serve
a both properties, and later this ma
10 have some effect in bringing about
n consolidation. Some of the same e1
Ie merits have been employed in equiv
L ming both properties. Both are lars
y, ones, and it will rest with the tutu'
OF ~ determine which will turn out mo-
l. profitably, although the opinion now
in favor of Inspiration since the az
s. ouisition of Live Oak and New Ike!
ay
nj stone
c. The Copper, Curb and Mining gu
e. look in an article entitled Romano
aS of Great Mines" gives the folloWn
he story as to just how it was that Chal
of ming came to take Miami and lea
1nsniration and how Inspiration w
~ developed into one of the halt ooz
largest copper properties in the Unit
States. if not in the world:
"For many years during the eal
Ter history of Globe and the Old DOM
CT ion mine the red, iron stained nj
he inst north and west of what is now
he busy prosperous town OF Miami We
st known to prospectors; but few pc
10 nIe even those engaged in mining,
uovad or dreamed that beneath tht
:, hills Law one of the largest ore ood
'er. in the world, nor could they fore'
- tbat the barren rain Scared slol
and bottom lands of Bloody Tar
that wash at their bases were TO
,als tho site of one Of the liveliest min
Red towns in the world. There were son
my however. who believed and dream