algamated, were owned by J. B. Haggin, Lloyd Tevis,
and Marcus Daly. The control of the properties and their operations were
absolutely vested in Marcus Daly, and he alone knew where the lean veins
ended and the fat ones began. For many years he had kept a close guard
over the very fat ones, never letting his right eye know what the left
one saw when he was examining them. For deep down in his mind Marcus
Daly cherished a dream--a dream of immense riches, and it was to be
realized in a simple enough way. He would get together the millions to
buy out his partners on the basis of a valuation of the "ore in sight,"
then in supreme ownership himself reap untold profits out of the milling
of the plethoric veins he had been so careful to leave unworked. The
immense natural endowments of the Anaconda rendered this easy enough,
for even the lean veins "in sight" contained a vast store of copper and
gold and silver.

Just about the time the world awaited the first section of "Coppers"
which I had advertised should consist of the rich Boston & Montana, and
Butte & Boston properties, it "happened" that Mr. Rogers "met" Marcus
Daly. The result of the conjunction of the two personalities--the
whole-souled, trusting miner and the fascinating and persuasive master
of Standard Oil--was decisive; the miner confided his dreams and his
aspirations to the magnate, who at once magnificently undertook to
realize them. The trade was almost instantly made. Mr. Rogers would buy
the properties of Daly, Haggin, and Tevis, at "in-sight" prices, and
Daly would be his partner, but the partnership must remain secret until
the purchase was consummated.

The ownership of the Anaconda Company at the time consisted of 1,200,000
shares, and the purchase of a few shares over the majority at the
"in-sight" lean-vein valuation of $24,000,000 would carry the turnover
of the management and the control. It took but a very brief time to get
together the other properties which were finally included in the first
section of Amalgamated. They consisted of the Colorado, Washoe, and
Parrott Mining companies and timber, coal, and other lands, and
mercantile and like properties situated in the State of Montana, for
which Mr. Rogers paid in round figures $15,000,000, _a total of
$39,000,000 for what within a few days after purchase was capitalized at
$75,000,000 in the Amalgamated Company_.

No one but Henry H. Rogers, William Rockefeller, myself, and one lawyer
knew