Show I SAYS STANDARD OIL LAID DEEP PLOT Local Mining Man Believes It Planned a Real Panic I FORCED COPPER DOWN Large Stocks on Hand Pure Fi Fiction Depression t i D an-D Depression e press i a I Cant Can't Last Not ot a few Cow o of ot the mining men an and business men of or Salt Lake believe ve that th the Hie through which the cial Js is s now no passing Is the tine re result result ro- ro sult suit o of nothing more or le less s than a well well-k d id plot of the Stan Standard ard Oil company to punish the government government- Not ot Ol man many care to be quoted quote on the situation n at this this' time but they are doln doing a 0 lot Jot x of if f thinking Few were feeling particularly optimistic yesterday yester da day but the consensus of or opinion SC seems to be that since about all that could be done one to depress things thinS'S has hash h been en done without producing a a. real panic the worst must be over o The hand hond of Standard Oil is plainly plain plain- I ly to be seen cen In th tho entire proceedings proceed proceed- ings said one well ehl known mining man After raIsing the raising the price of oil oila a half CC copt cent lt a gallon which will soon oon fn ill th r. no find finA i t tin th p pockets ket of r- r re e consumers I v It proceeds s i to tomake tomake make mole it impossible for the copper producing pro pro- and consuming Interests to ef effect of- of a settlement and when the price of or the metal is sufficiently depressed It makes the final stroke o of closing down its Amah Amalgamated mine Standard Standard Stand Stand- ard Oil controls the metal selling combination corn corn- n. n as a a. matter o of course coune and the price e cannot be fixed until It says tho the word It doesn't have to sell the copper at the price it makes It closes down lown Its big mine with the double purpose of or giving the tho government govern govern- mont ment an object lesson of oC the results of lighting fighting trusts and forcing a lower wage scale upon th the tho miners when It it- sets gets read ready to start stait U up p again Jm o 1 Stocks a Fiction Of or course Amalgamated mal or 01 Standard Standard Stand Stan ard anI Oil Oil does docs not intend to run its mines with copper at 16 10 cents or less Under present conditions it Is probably probably probably ably costing costing- it il 12 1 cents or more to the metal for fOI It cost it 10 2 1 for or the year ear 1906 with the old scale in effect Just how far ar it will willbe willbe be he able to emr carry the thing is to determine The rhe alleged discovery discover 0 of enormous copper stoc stocks s on hand handI 1 I believe to be bo pure puro fiction manufactured for tho purpose alread already In part at ht t least a IL It Is lis-inot lis not rea rca cry Every one Knows that the production of copper has not been in increased in- in cr erased creased to an any extent and that the use of the metal Is Js growing at an enormous enormous enormous enor enor- rate Railroads s In the East are bein being electrified an and western roads are figuring on the same ring tn-ring new telephone tele tele- phone and and telegraph lines are arc being built and the uses of or copper m are e multiplying mul mul- at an unheard of rate What the trust expected to accomplish accomplish wa was to precipitate a panic that would paralyze paralyse all industries for tor a time It has not accomplished thin and I believe that the scare is about over If this is true the real demand deman for fOl copper cannot be bc lon long concealed The metal must be IHo produced UCC 1 and then tho the price e will go up again I If the tho business men of the country keep their heads the combination of producers and buyers that is hearing bearing copper and copper stocks will be he beaten an and the march of ot pro prosperity will be resumed where it left or off |