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Bernard K. Marcus (recently jailed president of the bank...

Author: /time Magazine | Title: Business & Finance: Again, Bank of U. S. | 8/10/1931 | See Source »

...Marcus Daly and the late U. S. Senator Andrews Clark, prospectors, amassed great riches from Montana gold & copper in the 1870's and 1880's. Clark centered his interests in Butte. Daly built a huge copper smelter at Anaconda, 26 mi. away. From close friendship, their relationship cooled to business and political rivalry, flamed finally in open warfare...

Author: /time Magazine | Title: The Press: Anaconda's Ghost | 7/27/1931 | See Source »

...course of his financial manipulations Clark came into possession of the indigent Butte Miner. To his surprise and delight he found it a handy weapon for belaboring Marcus Daly. Daly endured the attacks until 1889, then vowed to put his enemy in his place...

Author: /time Magazine | Title: The Press: Anaconda's Ghost | 7/27/1931 | See Source »

Fortuitously Marcus Daly then met Dr. John H. Durston, a learned philologist who had abandoned a professorship at Syracuse University to edit the Syracuse Standard, which he quit in the heat of an editorial dispute. In his own luxurious Montana Hotel (to which an extra story had been added because "it didn't look good enough") Daly opened his checkbook and commanded Dr. Durston to build for him, there in the sprawling, brawling smelter village of Anaconda, "the best newspaper that can be made." Editor Durston imported two of his associates from the Syracuse Standard and set to work...

Author: /time Magazine | Title: The Press: Anaconda's Ghost | 7/27/1931 | See Source »

...while, the Standard was functioning as Marcus Daly's mouthpiece; not to glorify its publisher but to lambaste Clark. One of Daly's consuming desires was to make Anaconda the capital of Montana. Clark opposed him, and won: the capital went to Helena. Thereafter Publisher Daly vowed that Clark should never realize his ambition of going to the U. S. Senate. Senators were elected by the State Legislators, who were, in Montana, either Daly men or Clark men. The Standard would print the current Clark bidding price for legislative votes which, according to the Standard, finally reached...

Author: /time Magazine | Title: The Press: Anaconda's Ghost | 7/27/1931 | See Source »

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