The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1916-07-27

duisiliOu oi the DondHAd property arr
given in an interesting way by 4
writer in the Boston Copper News
For reasons of his own, the writel
withheld his name. but the manneI
In which he related the story proves
that he was familiar with the de,
tails of the transaction. This is tn.
way he gave them:
You know Senator Clark was ir
early life Pennsylvania schoo
teacher He went from Pennsylvania
out to Colorado and then to Bannach
and located at Deer Ladge, becoming
Interested in a bed-r tunnel placer
proposition. Out OF this enterprise
and others of similar nature he took
profits amounting to some $4,000 OF
$4,000 and then started bank al
Deer Lodge, having a partner in q
Mr.. I4arabie The bank prospered UNI
til the silye excitement started al
Butte, when it was agreed that CLARK
should go to Butte and start a branch
of the bank there. He did this, and as
the interest in silver mining grew
and doomed he secured a number OF
claims, among them the Travona. one
of the earliest workings in Butte, To-
Gated near the Ophir mine, now con-
trolled by the Butte-Detroit Copper
& Zinc Mining company. He event
ually made deal on lot of suo.k he
held In a silver mining company at
that time and cleaned up something
like 100000 and from that time pros
pered until he became one of the
wealthiest men In the United States.
The Clark bank of Montana Is the
strongest in the state and he owns
railroads. one of the largest sugar beet
factories in the world, one of the larg-
est coffee plantations in South Amer
lea and one of the largest wire works
In New Jersey. Every day he re-
ceives reports from all of these pro-
perties and knows what is going on as
well as anybody on the ground.
Clark Was lizard Up"
But there was time in his early
Butte career that Clark in order to
continue his business got very hard
up for ready money In travelling
east he became acquainted with Col.
Robert M. Thompson, one of the
leading mining men of the east.
Colonel Thompson was then rated as
a wealthy man, and he became so
s.y;Al tla all nkf =
let him have 100000 to help him out
on some of his operations. In due
course this money was returned to
Colonel Thompson, Things went on
for some time without these gentlemen
meeting each other or knowing much
of each others affairs. One day Clark
walked into Colonel Thompson's office
in New York and the colonel told him
about the financial troubles of his OK
ford Copper company, which was the
first copper refinery to be built on the
Atlantic coast. Clark, you know, has
a great laundering for "details This
is shown by the way he keeps in
touch with so many and varied in
dustries which he independently car
ries. Now Colonel Thompson did not
know that Clark had so prospered in
Butte since he had made him the loan
that he was in a position to come In
and assist him with the affairs of the
Oxford Copper company. Clark sug-
gested to Colonel Thompson that they
tut -.
company's property and see what was
the exact condition Of it's affairs. When |
he got there he stayed. more than a |
week and went into every detail of |
the company's business. l will men
tion now that he helped Colonel Thorn
pson put this proposition on its feet |
and 1t Is now one of the best known
and most successful copper refineries
in the east.
This brings me to the United
Verde part of the story. Looking over
the books and accounts of the oxford
Copper company he discovered that
mine called the United Verde had
been shipping high grade silver copper
ores. These ores were so high grade
that instead OF being smelted primar-
lily they were sent direct to the re-
finery Clark made a note of this and
when he returned to Butte he sent
Joe Giroux, then his chief mining en-
gineer at Butte, to Arizona to look at
the property. Joe was one of the
brightest field men that Clark ever
had. Joe went to Jerome, looked the
United Verde property over and hur-
ried back to Butte to tell Clark II
was really wonder.
"At that time United Verde was con- !
trolled by old Governor Tritle of the ]
then Arizona territory. Under him
and his associates 1t had been worked :
mainly for its rich surface ores, which
were shipped by wagon to williams, {
Ariz., about as miles. Governor Tritle !
could have made the property win out, !
but he was not an experienced mining S
man. The property was allowed to S
run on in a slipshod way, got into ;
1ebt and was in no position to go {
ahead and show results. There was S
llso interested in the company a man
II the name of Jerome, probably
elatlye of the former district attorney s