The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-02-08
THE CHILE COPPER DEAL
POSITION OF ANACONDA
MANUFACTURING PLANS GREAT
FALLS-eUeGENHEIM AND
TREATMENT PROBLEM.

Acquisition of control of Chile Cop
per company through purchase of the
major part of the holdings of the
Guggenheim family. gives Anaconda
the source of cheap copper necessary
to make it the great manufacturing
producing company IN copper that the
United States Steel is in iron and
steel says the Wall Street Journal.
This viii give Anaconda the lead
ership in copper that Amalgamated
it's precursor, held prior to the ad-
vent of the disseminated coppers"
and rounds out the plan conceived
when Anaconda acquired American
Brass Tying a current low cost pro-
Queer TO Anaconda gives the enter
price a financial stability that will
probably never be lost
Develop Andes.
Anaconda must still develop An
des as well as the c-producing
ground in the western part of the
Butte camp that it acquired last sum-
mer by purchase of the Anselmo and
other ground. However from now on
it's problem will be to round out the
manufacturing end with zinc oxide
works, acid phosphate plants. a brass
foundry and fine wire mill at Great
Falls, thus developing a market for
its larger bodies of phosphate in Ida
no and Montana, and the sulphuric
acid that it can make at Anaconda.
as we'll as utilizing 10 the utmost the
geographic advantage Of having cop
per. zinc and cheap power available
in the center of the west whence Pa
cific coast and trans Mississippi en-
terprises can be advantageously sup
piled with copper wire and brass. Ac-
QUESTION means no change il Ana
conda's program for developing its
South American Andes property An
des property. Anaconda will purchase
copper from the Chile company at the
market price and the return on its in
vestment will be in dividends from
Chile Copper profits.
sale of control of Chile marks the
elimination of the boldest and far'h
est sighted yenturing in copper the
world has seen. Acquiring the Chile
property in 1912, the Guggenheims
ventured SS.OOO,OOO before they knew
that they really had mine.
cuggenheims Faith.
Believing in the ability of American
to conquer the chlorine
problem that arose from the nature of
the ore, Daniel Guggenheim, the head
of the Guggenheim brothers, with
mountain of ore in sight went boldly
forward building a railroad opening
up the mine for tonnage operation, in
stalling a 10000 ton a day teaching
plant. and constructing model Town
an outlay of $5O,OO0,OO0 without the
problem solved, and
with some of the ablest metallurgists
in his organization and in the world
declaring the problem insurmOunteble
The fact is not generally known, but
it was not until about year ago that
the resourcefulness of Ca
pellen Smith, the metallurgical prob
lem of treating Chile ores was solved
BY the time that the Anaconda
takes control, all the tanks will have
been equipped with the new anOdes,
md Daniel Guggenheim. who has done
more than any other man to
develop the mineral resources of the
United States, Mexico and South Am
ERICA, will hand over the Chile enter
rise ready to turn out 225,OOO 900
POUNDS of refined copper a year with
he largest ore body in the world
ible to support a production of 5OO
100. 900 pounds a year just as soon as
he worlds consumption and Anacon-
las needs warrant installing equip
nent for doubling the output.
Recover Copper in New York Bay.
More than one million pounds of
Upper will be recovered from the
ottom of New York bay, in the main
hannel between Governors island |
nd Bedloe's island.
The copper was sunk on January is, /
920, as the result of a collision in
og between the navy barge ABODE,
arrying the copper. and the army
Buford.
The metal is now resting in mud SO
eet below the surface. A dredging
ompany has taken a contract on a
oyalty basis to recover the metal. It
) in the form of large ingots.