Word: smelter
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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...
...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. In time the new paper attained some 20,000 circulation (practically the saturation point for the State) mostly in Butte, where it gave Clark...
...Last week the State Department was happy to announce that the Commission had unanimously recommended: 1) payment by the smelting company of $350,000 to the U. S. to be distributed among the damaged husbandmen, orchardists, stockmen; 2) payment for all possible future damage. It was reported that the smelter is now spending $10,000,000 to abate its deadly fumes. Full of satisfaction, although the Commission's findings must be approved by both countries before becoming effective, said Secretary Stimson: "Every such decision . . . should conduce strongly to the good relations of the two countries...
...disclosed that once again M. Pisart would visit the U. S. Again it is hoped that his arrival may mean an agreement to curtail African production, the weapon European consumers brandish over U. S. producers. But coppermen had little hope that 9½? would be the nadir. One smelter was. reported already to be shading the new price, and there was talk that the lowest price in recent history, 1894's 9?, may be seen again. No company could make sizable profits at that price, many could make none. And coppermen noted with fear that last fortnight International Paper...
While U. S. Producers were conferring with M. Pisart last week, executives of African copper companies were gathering in London. A major topic was coöperation in smelting. Katanga (Union Miniere Haut Katanga) is now the only African Company with smelting facilities but Roan Antelope is building a smelter, and three other companies (N'Kana, N'Changa Mufalira) expect to follow...