Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1936-10-10

work Immediately, built themselves
cabin and stayed in the region unsu
1865. Here. in this school OF experience q
Marcus DAILY began his eoucatlon -
naining-the education which was "
make him, within few years. cop
per king" -,
From California DAILY went to the
Comstock Lode country and virginia
civ New. then a boom camp Worlo
Sor9o,ts for rs rich silver production:
Here Herr, he made the acquaintance OF
George Hearst and j. B. Haggin, VINO
were destined to give him his Iirss
boost I'D the ladder Of riches. hearss
ana HapQin already owned large MN
inc interests and with their help Daly
soon landed in q good position in the
mines Hearst and Haggin had nelpeo
h,,t he also helped himself, Tor ne
studied and saved. It was soon Clear
that he had q natural bent Tor geo
iocv. IT was often said that me coulo
see farther into the ground than any
man living"
his First Big Stake
Nv 1870 he had made quite q repu-
tation and on the strength OF ms WoIK
al Virginia City was asked 70 20 70
Utah to take charge OF mine tnere.
The new mine was the Ophfr ana mere
he again maze q9 in s0oc a rsry an sass ir
properties. One Of these, the now his
toric Alice mine, he was to purchase II
he thought it good buy. DAILY judged
the Alice worth taking q chance on
and he purchased IL for IS 600, re-
tanning a one-fifth interest for him
self. His good judgment was revealed
a year later when he succeeded in
selling his fifth interest for $4,000.
$4,000 Bought the Anaconda"
Life In the little camp on Butte hill
in 1875 was raw and the nicetieg Of civ
ilization were scarce. The camp evil
IDENTIFY had something of q future as a
mining center, but DAILY decided TO take
his $50 900 stake and go back to Cali
fornia First he would make a final
inspection of the various mining prop
critics on Butte hill. On his tour OF
inspection DAILY encountered the Hickey
brothers, Edward and Daniel, at work
ON their claim. They had sunk 65-
foot shaft and had no capital to go
further DAILY liked the appearance of
their claim and offered them $4,000
for It, The offer was accepted and DAILY
began Immediately to lay plans for the
mines development. HIS plans were
elaborate, calling for large capital, so
he decided to get help from his friends,
Hearst ana k1agg1u. he named MS IT,
mine Anaconda" which later proved
to be the greatest copper mine In the
world. With Hearst, Haggin and Tevls
DAILY formed the Anaconda Silver MINI
ing Co. In 1881 From then his success
was phenomenal His three partners
had little active interest In the COM
pany, but it was Days life. Everything
he touched seemed to turn to gold as
he threw himself into the great task
of building smelters, railroads, towns,
and city to handle the immense treas
ure which was being taken from be-
meath Butte hill He waged fierce bat
ties with w. A. Clark and Augustus
Heinze. He built hotels and q large
theater and established q newspaper.
He had q finger In every pie but he
also took time out to indulge his hob
bies and have some fun with the vast
fortune he was piling up.
INDUCES His Keenest Hobby
AS q boy In Ireland, Marcus DAILY
had always loved to watch horse races,
the sport of kings. Now that he was q
king himself-a copper ksng-he would
race his own horses. He purchased
$1,000 acres Of fine farm land In the
Bitter Root valley and established a
-foohr farm and rartrc stable which was