Babies Born in for Anaconda, Mt December 2017
| Marcus Daly | |
|---|---|
 | |
| Born | (1841-12-05)December v, 1841 Ballyjamesduff, County Cavan, Ulster, Republic of ireland |
| Died | November 12, 1900(1900-11-12) (aged 58) New York, New York, U.S. |
| Resting place | Greenish-Wood Cemetery Brooklyn, New York |
| Known for | Copper industrialist in Montana |
| Spouse(s) | Margaret Price Evans Daly (1853–1941) |
| Children | 1 son, 3 daughters |
Marcus Daly (December 5, 1841 – November 12, 1900) was an Irish gaelic-born American man of affairs known as i of the three "Copper Kings" of Butte, Montana, U.s..[ane] [2] [iii]
Early life [edit]
Daly emigrated from County Cavan, Ireland, to the United States as a young male child, arriving in New York City. He sold newspapers and worked his way to California in time to bring together the gold blitz on what was to get Virginia City, Nevada, and the fabulously rich silver diggings now known equally the Comstock Lode, in 1860.[4] : 27
Career [edit]
Daly gained feel in the mines of the Comstock under the direction of John William Mackay and James G. Off-white.[4] : 26 While working in the mines of Virginia City, Daly met and befriended George Hearst and partners James Ben Ali Haggin and Lloyd Tevis, co-owners of the Ophir Mining Visitor. (Hearst's son was William Randolph Hearst). In 1872, Daly would recommend buy by the Hearst group the Ontario mine, about Park City, Utah. In ten years, the Ontario produced $17 million and paid $vi,250,000 in dividends, and fabricated many millions for Hearst, Tevis and Haggin.[four] : 52
Their business friendship was to extend for many years and assist found the Anaconda Copper Mine in Butte, Montana. Daly originally came to Butte in August 1876 to expect at a mine, the Alice, as an agent for the Walker brothers of Salt Lake City.[4] : 46 [five] The Walkers purchased the mine, installed Daly as superintendent and awarded him a partial share of the mine.[4] : 50 The Walkers became the namesakes of Walkerville, which formed around the Alice.[5]
Always an energetic engineer and geologist with a keen heart for paying ore, Daly noticed while working cloak-and-dagger in the Alice, that in that location were significant deposits of copper ore. He gained admission into several other mines in the area and ended that the hill was full of copper ore. He envisioned an ore torso several thousand feet deep, some veins of almost pure copper that would be worth hundreds of millions of dollars. He urged his employers, the Walker Bros. to purchase the Anaconda and when they refrained, Daly bought it. Daly founded his fortune on the Anaconda Copper Mine in Butte, later on selling his small share of the Alice Mine, for $30,000.[iv] : 50–52
The Anaconda [edit]
The Anaconda began as a silver mine, just Daly'southward buy was for the copper, found to be i of the largest deposits known at the fourth dimension. Even so, he lacked the money to develop information technology, so he turned to Hearst, Haggin and Tevis.[4] : 48–49, 52–53 Backed with many millions of dollars, he set out upon developing The Richest Colina on Earth. The first couple hundred feet within the mine were rich in silver, and took a few years to exhaust. Past that time, Butte'southward other argent mines were also playing out, so Daly closed the Anaconda, St Lawrence and Neversweat mines. He reported to his associates what he had in mind and they approved. Prices on surrounding backdrop dropped and Daly quietly purchased them. Then he re-opened the Anaconda every bit a copper mine and appear to the world that Butte was "The Richest Hill on World".[4] : 64, 67 Because Thomas Edison had developed the light bulb and built a city cake in New York to show off what electricity could do, the world would need copper, a very fantabulous usher of electricity. Butte had copper. Hundreds of thousands of tons of it, waiting to be taken from the basis.
He built a smelter to handle the ore, and by the belatedly 1880s, had become a millionaire several times over, and owner of the Anaconda Mining and Reduction Company. Daly owned a railroad, the Butte, Anaconda and Pacific Railroad to haul ore from his mines to his smelter in Anaconda, a city he founded for his employees to work the smelters. He owned lumber interests in the Bitterroot Valley, a mansion and prized stables in the same valley, due south of Missoula.
In 1894, Daly spearheaded an energetic simply unsuccessful campaign to take Anaconda designated equally Montana's country uppercase, simply lost out to Helena, which was supported by William Andrews Clark.[4] : 111–113 Daly was active in Montana politics throughout the 1890s, because of his opposition and intense rivalry with boyfriend copper male monarch, and time to come U.S. Senator, William Clark.[4] : 46–47 Daly tried to keep Clark out of office by lavishly supporting Clark's opponents.[half dozen]
In 1898, Daly went looking for a heir-apparent of his visitor. He entered into negotiations with William Rockefeller and Henry H. Rogers of John D Rockefeller's Standard Oil of Ohio. The Anaconda Mining Company (and associated interests) were purchased in 1899 for $39 million and became Amalgamated Copper Mining Company. Daly was made president of the visitor in 1899 and died the following year in 1900.
Thoroughbred horse racing [edit]
Daly invested some of his money in horse convenance at his Bitterroot Stock Farm located near Hamilton, and was the owner/breeder of Scottish Chieftain, the only horse bred in Montana to ever win the Belmont Stakes (1897).
In 1891, Daly became the owner of Tammany, identified as Horse of the Twelvemonth in 1893. He owned and stood Inverness, sire of Scottish Chieftain, too as Hamburg, Ogden, and The Pepper. He also bundled the breeding of the great Sysonby, ranked number thirty in the top 100 U.S. thoroughbred champions of the 20th Century by Blood-Equus caballus magazine. Daly died before the horse was born.
Following his decease, New York's Madison Square Garden hosted a dispersal auction for the Bitterroot thoroughbred stud, beginning on January 31, 1901; 185 horses were sold for $405,525.[vii]
Legacy [edit]
Margaret Daly'due south house, Riverside, near Hamilton
Daly's legacy was a mixed one for Anaconda. From 1885 to 1980, the smelter was one of the town'south largest employers and provided well-paid jobs for generations. When the smelter closed in 1980, during a labor strike, 25% of the town's workforce was put out of work and the town has not recovered. The smelter itself was torn down as part of environmental cleanup efforts in the 1990s, although the smokestack is however in place, visible for many miles across the valley, in a higher place the town.
Daly's legacy was every bit mixed for Butte. The Anaconda Visitor was bought out past the Confederate Copper Mining Company in 1899, and past the 1920s it controlled mining in the city. It continued to be one of the land's largest employers and a mainstay of the state and local economies until the 1970s. In the 1950s, the ACM began open-pit mining in Butte, creating a steadily growing pit, known equally the Berkeley Pit, due east of the main business district. In the mid-1970s, copper prices complanate and the ACM was bought out by the Atlantic Richfield Visitor, (ARCO). ARCO ceased mining in Butte in 1980 and shut off the deep pumps in 1982, catastrophe what Daly had begun almost exactly 100 years before. Montana Resource, owned by the Washington Group, as of 2007, operates an open pit copper and molybdenum mine in Butte, and also recovers copper from the water in the Berkeley Pit. In 1980 the Berkeley Pit, the Clark Fork River and the smelter outside the town of Anaconda, MT were declared federal Superfund sites past the US EPA.
A statue of Daly by Augustus Saint-Gaudens stands at the main entrance to Montana Tech of the Academy of Montana (formerly the Montana School of Mines), at the west end of Park Street in Butte.
A drawing of Daly past the Swiss-born American artist Adolfo Müller-Ury (1862–1947) was caused in 2009 by the American National Portrait Gallery in Washington D.C.
Riverside, the summer dwelling of the Daly Family, is located in Hamilton, Montana and open to visitors. Margaret Daly, Marcus' married woman, had the dwelling house remodeled after his death into a Georgian-Revival Way Colonial.[viii]
The Marcus Daly Memorial Hospital, located in Hamilton, Montana, was incorporated on Dec 18, 1929.
During WWII, the US Navy honored Marcus Daly with a freedom send in award of his accomplishments, the SS Marcus Daly. The transport served honorably during the war, from 1943 to the end of hostilities, earning several service medals in the process.
Run across too [edit]
- Anaconda Copper
- Copper Kings
- George Hearst
- Hennessy's
- William A. Clark
References [edit]
- ^ "Marcus Daly". Daly Mansion. Archived from the original on October 13, 2011. Retrieved July 31, 2011.
- ^ "Millionaire Daly of Montana expressionless". Deseret Evening News. Salt Lake City, Utah. November 12, 1900. p. ane.
- ^ "Marcus Daly dead". Toledo Weekly Blade. Ohio. November 15, 1900. p. seven.
- ^ a b c d e f g h i j Glasscock, C.B. (2002). The War of the Copper Kings. Riverbend Publishing. ISBNi-931832-21-viii.
- ^ a b The Montana National Annals Sign Program. "Walkerville, Butte". Historic Montana. Montana Historical Society. Retrieved 25 Apr 2020.
- ^ Tribune Staff. "125 Montana Newsmakers: The Copper Kings". Keen Falls Tribune . Retrieved August 28, 2011.
- ^ January 31, 1901 New York Times article on the Bitter Root dispersal sale
- ^ Marcus Daly Mansion History Archived 2017-eleven-29 at the Wayback Auto Retrieved February 9, 2015.
External links [edit]
- National Mining Hall of Fame bio
- Bio on Irish gaelic Identity website
- Montana Resource
- Daly Mansion
- Marcus Daly Family unit Papers (University of Montana Archives)
- Marcus Daly at Observe a Grave
Source: https://en.wikipedia.org/wiki/Marcus_Daly
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