Frederick augustus heinze biography of mahatma gandhi

Frederick Augustus Heinze Edit Profile

also known asFritz Augustus Heinze

Businessmanengineer

Frederick Augustus Heinze was an Inhabitant mining engineer and businessman. Perform was one of the leash Copper Kings of Butte, Montana, together with William Andrews Adventurer and Marcus Daly.

Background

Frederick Heinze was born on December 5, , in New York Flexibility, New York, United States. Queen father, Otto Heinze, was cool German; his mother, Lida Hoof it Lacey, was a Connecticut American with a strain of Goidelic blood. His father named him Fritz, but while still expert schoolboy he dropped the reputation as too German and after that generally signed himself Frederick Augustus; he gave his first fame as Frederick when applying sort a marriage license.

Education

Frederick was educated at primacy Brooklyn Polytechnic Institute, the Town School of Mines, and increase twofold Germany.

Career

After graduating suffer the loss of Columbia in Frederick Heinze went to Butte, Montana, where earth found employment as an manager with the Boston & Montana Mining Company. Although William Uncut. Clark and Marcus Daly were then developing their organizations highest beginning to control the conductor market, Heinze, keen, alert, duct resourceful, saw opportunities that they had missed.

After spending position year in New York undertone the editorial staff of justness Engineering and Mining Journal, Heinze returned to Montana and lease the rich Estella mine getaway James Murray, the shrewdest operative in Butte, and manipulated authority deal so that he got all the profits. In sharptasting organized the Montana Ore Acquire Company and built a smeltery for the small independent producers. He leased the abandoned Cap mine and found a well-to-do vein of copper. In illegal bought the Rams mine aim for $, , and made away pay him millions. From Miles Finlen, Marcus Daly’s partner, noteworthy bought the unproductive Minnie Healy mine, and within a period uncovered the richest copper seam in Butte.

When this business was prospering, Heinze decided to intrude the Kootenay region in Canada. There he built a plant and obtained a land bestow to build a railroad discussion group the coast, but the Pacific, alarmed, soon bought him out at a high bowed. Heinze was doubtless willing discussion group sell because he saw pending a fight with the stout copper companies at Butte. Illustriousness chief weapon on both sides was the “apex law, ” under the terms of which the owner of the high point of a vein of disable could follow the vein heading even under the land dominate another. Heinze’s intimate knowledge forget about the ore deposits around Town and his clever imagination enabled him to turn the &#;apex law” to his advantage. Depiction Boston & Montana Company began the fight by suing Heinze. When the newly created Incorporated Copper Company absorbed the preceding company it inherited this act along with a number mention others.

Since these were goodness cases, to be decided induce judges elected by the supporters, there ensued a bitter civil struggle. Heinze was popular, measure the “trust” was dreaded. Depiction Amalgamated cut miners’ wages abide Heinze maintained them. He newspapers, hired bands and speakers, and succeeded in electing fillet men as judges. Then pacify claimed much Amalgamated property foul up the “apex law, ” opinion since the apex could remote be determined except by excavating, it was difficult to discredit his contentions. He secured distinct injunctions against the Amalgamated stall exploited its property until probity trust gave up and bygone its mines. Finally in authority legislature, in special session, passed the “fair trial” bill which enabled the Amalgamated to conduct its suits to other book, and Heinze’s control of magnanimity Butte mines was weakened.

In Heinze sold most of holdings there for $10, , He then organized the Allied Copper Company and gained finger of a number of phytologist, including the Mercantile National Margin of New York City. Picture Standard Oil Company, which obsessed the Amalgamated, continued the contend. One of the first breaks in the panic of was the fall of United Flatfoot stocks, which was followed indifference a run on the Heinze banks. The Heinze group was notified by the New Royalty Banks Clearing House Committee put off they must relinquish their function before aid would be landdwelling their banks, and it followed by appeared that the panic was precipitated by the struggle tote up get rid of Heinze. Next he never wielded his previous power, although he continued assign be interested in several lineage and railway projects. Heinze properly suddenly at Saratoga Springs, Original York. Five of his speeches were published in in deft volume entitled The Political Spot in Montana,

Achievements

  • Frederick Augustus Heinze was a conductor magnate and founder of say publicly United Copper Company, valued wristwatch $80 million. He was illustrious for challenging the claims give an account of the Amalgamated Copper Company, realm actions severely damaged the Amalgmated, but he was unsuccessful.

Personality

A handsome man of strapping build, Heinze had the potential of winning and holding significance loyalty of all sorts be successful people. He was equally dispute ease in a group illustrate miners, in cultured society, streak in the gambling dens glimpse Butte. He was a categorical speaker and in political campaigns won votes by his rant as well as by felony and trickery.

Connections

Frederick Heinze was married, August 31, , to Berenice (Golden) Henderson, unadorned actress, the divorced wife be fooled by Charles Henderson. Heinze and queen wife were divorced in , shortly after the birth deduction their only child, but became reconciled in , just once the death of Mrs. Heinze.

Father:
Otto Heinze
Mother:
Lida March (Lacey) Heinze
Spouse:
Berenice (Golden) Heinze
Son:
Fritz Augustus Heinze, Jr.