Political and commercial geology and the world's mineral resources
Science
Political and commercial geology and the world's mineral resources
Geology, Economic; Mines and mineral resources
_Control Through Ownership of Mines._--All the productive bodies of
copper in the United States are owned by Americans, except a small
number controlled by English capital. Before the war, there was
evidence of German affiliation and potential control in the copper
industry, but this centered in refining and selling the metal.
Accordingly, the German grip on the industry was highly centralized,
and direct and effective measures were used in breaking it.
Five leading groups are in control of copper production in the United
States. Certain of these have additional important ownerships in South
America and Mexico, which will be discussed under those countries.
TABLE 38.--LEADING FINANCIAL GROUPS IN CONTROL OF COPPER PRODUCTION IN
UNITED STATES
Pounds
_Group 1. Hayden-Jackling “porphyries”_ (closely
affiliated with group 2) Utah Copper, Ray Consolidated
(Ariz.), Nevada Consolidated, (Nev.) Chino (N. Mex.) and
Butte & Superior (Mont.); 1917 output (custom ore not
included) 448,887,253
_Group 2. Morgan-Guggenheim_ (American Smelting &
Refining Co). Kennecott (Alaska) and a large number of
smaller mines owned by Americans which have their ore
treated at plants controlled by this group. The 1917
output of Kennecott and eleven of the chief customers of
American Smelting & Refining plants (smaller custom
shipments to smelters must be added) was 156,954,722
_Group 3. Rockefeller-Ryan_: Anaconda, Inspiration,
North Butte, Utah Consolidated, Mountain Copper (Cal.),
Balaklala (Cal.), Walker mine (Cal.), and Arizona Copper
Co., 1917 output (custom ore not included) 357,308,558
_Group 4. Phelps-Dodge and affiliations_: Arizona and
New Mexico only. Copper Queen, Detroit, Burro Mountain,
Commercial Mining Co. (Phelps-Dodge); 1917 output 123,000,000
Calumet & Arizona--New Cornelia (Briggs-Congdon); 1917
output 79,360,000
United Verde Extension (affiliated with each of above);
total 1917 output 63,242,784
To which must be added custom business which is
important, _e.g._, Arizona Commercial mine, etc.; 1917
business (other custom ore not included) about 10,000,000
-------------
Total for group 4 275,603,113
_Group 5. Calumet & Hecla_: 1917 output, Calumet & Hecla
mine and subsidiaries 168,765,033
Total 1917 output of these five leading groups[111] 1,407,518,679
[111] Exclusive of the small mines (shippers of custom ore) partly
controlled through smelting and refining contracts by same interests.
Important smaller groups may be listed as follows:
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