Show I S 11 V t GENTS HEINZE FAILURE lOSES fORGE FORCE HERE HER Wall Street Crash Does Not Not- Affect Interests i in- in in Utah Mines V HAS HAS MILLIONS INVESTED S S 5 J Copper King H las Has s Large D De posit in Salt Lake Bank Other Resources Y Assuming that F. F Augustus T In tho the Wall United street-United Copper mud die has suffered the tho financial distress Indicated I by New York writers s wh what t m will be the effect In Utah This Is a question that has been fro fro- asked since the wires began bega began begano to o carry news of ot the young oung copper kings king's possible downfall The answer given by the tho best Salt Lake author author- ties tics is that the tho direct effect aside from the he general sympathetic influence and the he possible holding of or up some pros enterprises will be he scarcely perceptible Heinze's principal Interests in Utah are arc Control of the Ohio Copper compan com corn pa pan pany ny S. S A large largo interest in the BIngham Consolidated 1 Mining company Something like 20 per cent of the thorn capital stock of the Silver King Ing Coall- Coall ion tion company Control of the Western Vestern Utah Copper Coppel S co Company m pan The rhe Annandale property In the Tintic Tin Tin- tic ic district His interests which are largely prospective pros pros- are arc something less than control control con- con rol of ot the Miners' Miners Smelting company compa for Cor or which a lar large e tract of land Inel Including ling l- l Ing smelter site anI and water rights was recently purchased west of ot Garfield and antI a largo large interest In the recently In Incorporated Incorporated Incorporated In- In Salt Lake BIngham Railroad Rail Rall- road which was formed farmed to I build a railroad d for transporting transporting ores ores and anel concentrates from the Heinz mines at nt BIngham to the proposed new smelter 5 Change o ot or Control Probable These interests It il will bo be noted ar arall all aU r represented pre Itc b by stoC stocks tS and corpora corpora- tion irs 1 only two to ot of which do does s he h 0 o absolute control And Ant there I Is' Is no imo Indication thus far any of the so s In In any waY involved in inot J w t t'S 1 S 11 i IJ J t rL ot of the Iho which Is ti li 3 possibility not to be bo brought brought- t. t about D Delay Jay In carrying carrying- out the plans of ot the tho now new smelting company and the now neW railroad l com company pan would however bo be probable results 4 o olf or time the serious I financial embarrassment or of Heinze who is regarded as lS the time prime primo mover Irv In both enterprises S Even en if Jt It Jt should prove to be true that bal has s lo lost t control O L of r uIt United Copper it Jt is not flOt at ai an au liKelY tour inai rm no has sacrificed ced any of his holdings In Utah ns Aside from tho the Interests Just enumerated he owns a a. block of or stock In the Utah National bank banle And W W. S. S McCornick Is author author- It ty ity for the tho statement that he at this time lino has a l kirge rge deposit In one of ot the Salt Lake banks It would of or course cours be je a 3 violation of ot confidence and of ethics eth Ics cs for tor the tho banker to give even een an ap approximate approximate approximate ap- ap proximate idea of the amount of ot his balance but a 3 largo large deposit for far Heinze would be a 3 considerable sum Could Easily Start Again S Sif If Heinze really Is broke his Utah interests alone would form torm a very good nude nucleus us for Cor a new start In life liCe Ohio Copper and BIngham Consolidated Consolidated- which are aro very closely allied form torm to together tO tOgether gether ether one of ot the most attractive propositions prop pro In the BIngham district BIngham Blat BIng ham Consolidated owns the Dalt Dalton n Lark and antI Commercial mines in fling Bin ham the tho Eagle Blue B Bell mine In hi Tintic and the BIngham Junction smelter The Tho Commercial mine h has haa n large largo bodies of ot low grade copper ore with an excess of ot iron which makes it desirable fluxing material The Dalton Lark has good bodies of lead or ore In Inthe Inthe Inthe the Ohio Copper has hos been developed large bodies of ot low-grade low and quantities ties of comparatively high grade copper copper copper cop cop- cop cop- per ore The mascot tunnel has been extended through Dalton Lark rk ground Into Ohio Copper opening the theore theore ore bodies of ot the latter mine at gre great t depth and affording an Ideal medium of ot transporting tho the ore to the newmill newmill new newmill mill of ot 2000 tons a day capacity which the tho Ohio Copper company Ja 9 s building at the mouth of the tunnel This mill Is now nearing completion and with Jt it in operation the Ohio it Sa It-Sa la is conceded will be able to produce copper copper cop cop- per as cheaply as ns it can be dono done by any mine in Utah whose mines are noted for their cheap production of ot the metal Other Oilier Paying Properties The Time Eagle Blue Bell mine at Tintic Tin tic promises to be to the tho BIngham Consolidated Consolidated Con Cun- what the Centennial Eureka Is to the United States company and that Heinze has a n nood good prospect In the Annandale Is Indicated by he the tact fad that ho has a shaft down to the depth o of or feet which will be continued to the tho foot 1500 level before drifting will be bo done dono In the old old Gold Gold Hill Hili property In the tho Deep Creek country the tho Western Copper Copper Copper Cop Cop- per company has haa one of ot the bl big mines of or Utah opened up and read ready for Cor production production production pro pro- as soon as a railroad shall bo be built to tho the camp mp and it is understood that the Western Pacific already alread has haa plans laid to build a n. branch line la in lathat that direction Utah mines are splendid resources at all times they are aro especially conVenient convenient convenient con con- to foIl fall back upon In times of ot financial stress Mr Heinze doubtless realizes this and If It the Amalgamated bugaboo has finally got him so far tar faras faras taras as his Montana Interests are concerned he knows where he can quickly recoup his fallen tallen fortunes There is not the remotest probability that future futuro operations of ot the Utah mines mills and smelter In which Heinze Is Interested will be affected by byth bythe bythe th the failure of ot Heinze's brothers to corner corner cor cor- ner ncr United Copper stock or b by the difficulties of the two banks In which Heinze is Interested F. F Augustus may have been drawn into the United Copper Copper Copper Cop Cop- per deal to the tho extent of losing his hla grip In Iii Montana but so far tar as can be bea a ascertained the Utah concerns la In which ho has holdings have had no part In iii any of ot the tho transactions s. s c v I 1 I 11 |