Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-11-05
'NUFFLY AYERS GOVERNOR
KNOWS STATEMENT WRONG
President of Montana Mining Association Says
q Official administration Newspaper
Distorts Actual Facts.

| LII ohscdde county lie coIupdH
owns the large smelter below Great
cry zinc plant, and rod and wire mill.
Also coal mines with their surface
plant and equipment at Sand Coulee.
In Deer Lodge county, the prop
erty, of this company consisted of an
other large smelter, concentration,
bleaching and acid plants, together
with machinery. equipment, etc.
Coal Mines In Carbon
In Carbon county were coal mines
with their improvements. equipment,
| etc.
In the several counties of west
ern Montana and included in the for
ested areas of the state, the company
owned approximately 100000 acres
of timber land. 1t may be noted here
that other than timber land held by the
Anaconda Copper Mining company in
the counties where it operates and
elsewhere in the state appropriated
81 0 acres.
Outside of the state, the Anaconda
Copper Mining company owns the
property Of the International Smelt-
ing & Refining company, for which it
paid the sum of $10,392, 700. The prop
erty Of the International Smelling d
Refining company thus acquired, as L
understand the matter, included among
the assets, stock of the Raritan Cop
per works, the International Lead Ae-
| filming company, the Tooele valley
Railway company. and the Tartan
/ Terminal & Transportation company.
The ACQUISITION of this property car
ried with it the Tooele lead refinery at
151st street and McCook avenue, East
/ II:,-. g,3;uno. fhn rnfinprv 1f
Perth Amboy. n. j., and the smelter in
Arizona and Miami Copper Companies
mills.
The Anaconda Copper Mining com
pany owns all of the $50,000,o0 O c:ipi-
tai stock Of the United Metals Selling
company Of Delaware. The purchase
nrice. assets and good will of the bus
mess of the United Metals company,
thus acquired, was ~$6.624.593.
AS of December 81. 1920. the Ana
conda Copper Mining company owned
S.. 100000 Of the capital stock OF the
inspiration Consolidated Copper com
many. 10000 shares Of the capital
stock of the Green Cananea Copper
company. and lilo shares. the last
being all of the issued stock OF the
Montana Trading company, a wye
ming corporation.
Much Stock In Idaho
The Anaconda Copper Mining COM
pany also owned q large number Of
claims containing phosphate rock To-
Gated at Conda, near Soda Springs,
Ida, and has acquired $50 acres OF
land In this vicinity for townsite and
plant-site purposes.
The Anaconda Copper Mining com
many owns all of the authorized capi-
tal stock Of $50, COG, 900 of the Andes
Conner company. This latter is a
holding company which under the
Man. organization and finances de
| cided upon, has secured all Of the
issued stock of both the Andes Cop
per Mining company and Portrer7lios
Railway company. The property Of
the Andes Copper Mining company
consists Of % potash claims and a
number of mining claims, making the
total acreage owned by the ANDES
Copper Mining company on December
81, 1920. 272,275 acres. On that date,
the ore reserves of the Andes topper
Mining company amounted to l2S,oo3
tons Of an average copper content Oh
1.49 per cent per ton.
In addition to the foregoing the
Anaconda Copper Mining company is
interested in the Santiago Mining
company which holds title to certain
other South American properties. 1t
10 from time to time as it becomes
necessary. taking its stock at par for
such advances. Upon the completion
Of the financing of the company, the
Anaconda Copper Mining company.
will own approximately 80 per rent OF
the issued stock Of the company. The
activities of the Santiago Mining com
panv include options upon the Lo
Ag,iirre mines in which an excess OF
W0. 600 tons Of ore averaging up TO
3 per cent copper had been blocked
out; also the Afrieana mines near the
Lo Aguierre mines where the fofc oc-
ours in vein formation
Through the acquisition Of the IN
tcrnationaI Smelling company. i De-
ilieye the Anaconda Copper Mining com.
many also secured 0.n00 shares of
tho 1850. 900 shares OF the Walker
Mining company. the properties OF
which arc located in California.
Oil Land In California
Jointly with the Inspiration Consoli-
dated Copper company. the Anaconda
Copper Mining company purchased .
tract of 100 acres of oil-prodnc'ng land
in the Bakersfield district in California
| which is now owned ana coutfoiieu ~
a known as the Arizona oI
company.
The Anaconda Copper Mining com
many also WINS the Anaconda Lead
Products company engaged in the pro
d1ction of white lead at East Chicago
Ind. The output Of this plant is ap-
proximately IS tons of white lead pei
day.
In 1919. the Copper Export nssocla
ton was Incorporated under the PROV
sions of the Webb act for the purpose
of conducting the export business of q
number of American copper PRODUCERS
Working capital was supplied by the
various members of the corporation u
proportion to their production. The in
terest in this association of the Ana.
conda Copper Mining company is l2.2t
.t.per cent. This Is represented by its
guarantee of the gold notes of the as
sociation to the extent of $1,000. The
total of the gold notes of said associa'
ton is 100000 o
In the compass of any hastily pre-
pared statement such as this necessar'
ily has had to be, it is as impossible as
it would be ridiculous TO attempt any
, exact expression as to the value of the
tangible physical property In Montana
belonging to the Anaconda Copper
Mining company.
Each one for himself may. however
vision this in n general way. Being