| Show MARCUS DADS MAMMOTH DEAL I t ii Copper King Will Quit Montana F Mon-tana FI f t r SELLS ALL OF HIS i ANACONDA INTERESTS j Transaction That Involves Some f 23000000 t Of This Vast Sum Daly Gets 86000 000 Haggin 89000000 and r Lloyd Tevis 88000000 Purr Pur-r chasers are Rockefeller and Other Standard Oil Magnates Who Will Retain Daly For One Year as Manager Marcus Daly the maker and builder of Anaconda the man who more than all others has helped to give Montana a name arid a place in the history of this nation is about to retire from the state where he has acquired millions for himself and for others More mil Jlons are involved in the deal by which vlr Daly retires The sum for which us and his associates holding were fold is calculated to make most men asp for the figure is 23000000 Daly Gets 6OOOOOO Of this amount Mr Daly pockets G DiiOOWt T B Haggin gets SUOOOJOOO and Lloj Tens of San Francisco 8000000 The prolwrtws an purchased ed by an eastern syndicate headed by John 15 I Jet eds il 6 Rockefeller and other Standard Oil i magnates In the transfer are in rluded practically the entire town of Anaconda with Its mines and smelters vast coal and timber lands and all the accessories that go to make up a princely property Even for this vast sum however the purchasers do not become the sole owners A London syndicate that two years ago bought the interest of the Hearst estate for 7000000 Mil owns that fragment Mr Daly ha agreed to remain a manager of the entire property for one year His salary is reported to be fiiOOO At the end of that time he Swill go on a tour around the world and as he sid to a friend he hopes to be able to forget all about mines I dLe rn ftut and mining He certainly wont bother himself about business anymore 1 any-more A Western Product Marcus Daly is distinctly a western I pioduct Less than a third of a century cen-tury ago his capital consisted of a giub stake and I prosi > ectors kit In adfiuon to these though he had a heat that was clear grit never failing nerve and an optimistic temperament tem-perament Vtah can reasonably lay claim to Marcus Dslv He came here from White Pine Nev in 1S71 At that time he was a foreman in the then celebrated Emma mine His first Vtah venture was In the Ophir district Later le vas employed by the Walker Ijrotiurs < > n Lion Hill in what is now the Mercur district This is the same hill upon which the Northern Light c Is Imated and Mr Daly with the Walkers acquired several claims thereIn there-In 1N75 he prospected some mines in the Blue edpe district but without EUf < ss In the fail of the same year 31r Dab went to Montana in the inter in-ter Ft of the Walkers and himself His trip rculted in the purchase of the Aliie which he worked until 1SSO Then Mr Daly laid the foundation of his immenjt fortune by selling his share of the Alk to the Walkers for 80000 Buys the Anaconda With the money thus secured he purchased pur-chased half Interests in the Anaconda tad the St Lawrence which adjoined j on the east His partner at the outset out-set was Charles Larrobee In 1SS2 Larrabee sold his entire interest and Daly sold half of his half to George Hart and J 1 Hagsln Hearst was dealing for himself but Lloyd Tevis vas jointly intifsted with Haggin Tho iifu firm did a lot of branching out The ppijierties were consolidated under the naIl of the Anaconda Mining Numerous nearby claims lug company Xumerus nclrb claim were purchased together with coal and timber lands From a struggling village vil-lage of two or three houses Anaconda suddenly developed Into a bustling city The mines paid enormous dividends divi-dends from the start in addition to leaving enough money in the treasury to pay for Improvements Rockefellers In Control > I Two years ago as already stated the Hearst share was sold to an English Eng-lish syndicate i lot 7000000 By the last deal Haggin Tevis and Daly re 1 1 r i tire leaving the Rockefellers in control con-trol So will pass Marcus Daly from the state he did so much toward creating By no organization will his departure depar-ture b more regretted than by the labor unions A miner who once worked work-ed for Daly said last night Marcus Daly has done more to keep up the price of labor than any other man in Montna He worked for wages himself him-self once and he never forgot it To is i alone his efforts In my judgment due the fact that miners in Montana today draw more pay than miners in any other wee state p I + J + + + MARCUSDALY |
