Show AMALGAMATED COPPER DEAL SCHEME THAT HAS LEFT AMERICAN AMER-ICAN FINANCES CRITICAL It was an Attempt to Combine the Greatest Aggregation of Millions the World Has Ever Seen TRIBUNE SPECIAL Boston Jan l3The Boston News Bureau declares that It was the attempted at-tempted flotation of the Amalgamated Copper company that marked the end of Wall street Industrial shares boom and left American finances In a precarious precari-ous condition It says It is not Boston banks or Boston brokers that are a menace to Bostons copper share market It is the Standard Stand-ard Oil party loaded with Amalgamated Amalgam-ated and probably 50000000 of other copper stocks and bucking the market with millions of money which it Is believed be-lieved cannot belong altogether lb owners own-ers of shares that causes tho great feeling of uncertainty In New England regarding the future of copper and copper I cop-per shares There Is a theory current in this city I that the Standard Oil people have tried to work the market to save themselves and that when they have privately bought large blocks of stock they have parted with a considerable amount at a good deal higher price to the public thus reducing the price of what they retained vAn v-An excellent authority said tonight The Amalgamated Copper question Is more farreaching than most people know It was a crazy conception In them the-m nds of the greatest gamblers the world has ever known It has hitched a greater aggregation of millions than the world has ever seen Had It been successful It would have Involved 1000000000 capital For the American copper situation alone it contemplated con-templated the launching upon the public pub-lic markets of not only one 75000000 company but five 70000000 companies to bo ultimately amalgamated Into another an-other corporation absorbing all these It would have been a bunk of banks a trust of trusts Its size may be best understood when one reflects that there was never a 7r 000000 flotation attempted before in the history the world outside of a Government loan There is reason to believe that Mr Daly nresIdenLoJLtho fimalfjomated Copper company has reduced his holdings hold-ings from 10000000 to SGOOflOOO and Is seeking puichaseis for his entire interest in-terest The News Bureau again says We believe that the control of Butte Boston Bos-ton Is destined for the Amalgamated Copper company We do not believe the report from New York that a ingle in-gle institution there is loaning 50 per share upon 1C2000 shores of Butte Boston 32000 of which are declared to belong to a Boston operator and his partner and 100000 shares to the Standard Stand-ard Oil people We do not believe any single institution in New York or elsewhere else-where would lend 50 per share upon I Butte Boston to anybody The Amalgamated Copper company as respects Butte Mountain Copper camp bus got to be pulled through one way or another by Standard Oil millions lions but it is the largest financial undertaking un-dertaking even as applied to the State of Montana in which Standard Oil millions lions ever engaged and not even John D Rockefeller can afford to attempt to do it alone We believe that the general gen-eral financial situation will not be regarded re-garded as sound until the Amalgamated I Copper proposition reaches a satisfactory satisfac-tory settlement |