Show anaconda copper mining co buys gut cut the W A dark clark estate montana holdings at reported price of cash through a deal that was closed just one week ago and which according to report from butte involved an outlay of in cash all montana properties of the IV A dark clark estate passed into ownership of the anaconda copper mining company the transfer followed negotiations that have been under way for about three months and according to the statement of C F kelley president of the anaconda company all of the heirs joined in making the sale and the entire title to the properties and interests passed in his statement regarding the transaction president kelley also said d in view of the importance of the transaction it is deemed proper to say that in assuming the management of the above properties the anaconda company believes that by iner merging ging the respective operations with its operations the interests acquired can be made not only profitable to it but also to contribute a more lasting and greater importance to the industrial prosperity of the state than under any other possible arrangement among the properties conveyed are a large larbre number of undeveloped mining claims favorably situated in the butte district upon which active work will be undertaken in the expectation that by so doing mines adding to the payroll and permanence of oe buttes mining industry may be developed properties involved and other details the companies and properties involved in the sale in include clude mill elm orlu mining company Til timber liber butte milling company elm orlu mine montana hardware company itte electric ailway company compan y including columbia hardens gardens miner aliner publishing company western lumber company moulton mining company wa dark clark brother bank 1 I 1 to I 1 and d all of the montana properties of theba the clark mon moll tana realty company tile the gigantic deal was consummated after repeated inferences erencen eren ces of those concerned by attorney george adams ellis and edward L blackman blackmail of new york and john P gray of coeur dalene for the eastern heirs L 0 evans of butte for the anaconda copper mining company and john L templeman and harry gerard for W A clark jr mr dark clark retains the new northwest of missoula a recently established daily newspaper which has always been his personal property he also retains the clark home on west granite street old time dwelling of the late senator where he and his son will continue to make their residence the paul clark home or its future is not affected by the sale as it is an independently organized company operating T under endowment by the will of the late senator clark robert E dallys statement robert E tally general 6 manager za of the united verde copper company of jerome arizona and president of the clark montana realty company gave his version of the transaction which is construed as the clark estate side of it as follows the sale was effected at the instance of 80 per cent of the stockholders of these companies a large part of which stock is held in trust by new york and new jersey trust companies for several years these trustees have been desirous of liquidating their investment in the companies involved in them the sale and this spring other heirs of the late senator clark joined in insisting that the properties be sold thereupon representatives of the 80 per cent interest were appointed to undertake negotiations for the sale of the prop arties or their interest therein the anaconda copper mining company was approached pro Proa ached clied as the most logical purchaser that company in no way vay influenced either the decision of the clark interests to sell nor their request to the anaconda company to negotiate for the properties the sale consummated today is the result of negotiations that have been pending for the last three months the operations of these companies will be continued under the management of the anaconda copper minin mining company and as many of the employees will be retained as is consistent with the efficient management of these properties payroll reductions brought about by this sale will be insignificant and while this sale from a sentimental viewpoint is to be regretted it is nevertheless inevitable and from a practical standpoint it may well prove beneficial to the future development of butte the most important mining z properties owned by senator dark clark in montana the original and stewart mines and the butte reduction works were sold to the anaconda copper mining company some years prior to his death much friction in the clark estate interests that much friction existed in the dark clark estate household is admitted by W A dark clark jr in his announcement to the public following the consummation of the deal from his utterances the following paragraphs are culled it was ever the desire and purpose of my father the late senator W A dark clark that the properties of the estate in I 1 montana be kept intact by the five equal heirs of whom I 1 am one to the end that those interests might be developed and extended along t with new properties thus furn furnishing ishin al larger 6 and continued employment to more people and thereby contributing to the added growth crowth and prosperity of montana 1 I have endeavored faithfully to execute my fathers wishes with respect to the maintenance of the montana properties the other heirs have seemingly been recreant to this trust long since have they lost all interest in and sentiment for montana however I 1 wish the people of montana to understand that the sale of the dark clark properties is not made by my desire and that it is only by reason of the power of the majority of the persons in interest that such a sale has been made |