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306:", at the time it was not illegal, and was actually quite common. The prices, under the pressure of a "joint account" set up by Ryan and Rockefeller of nearly a million and a half shares of Anaconda Copper Company, fluctuated from $ 128 in December 1928 to $ 40 in March 1929.
321:
Ryan's
Anaconda shares, once worth $ 175 each, had dropped to $ 4 at the bottom of the Great Depression. Ryan died in 1933, and was buried in a copper coffin. His protege', Cornelius Kelley, was named Chairman of Anaconda in 1940. In 1977, the company was purchased by
206:. Thus, no single organization was able to monopolize copper extraction in Montana. In addition, although Butte was then the most prolific copper-mining district in the world, Amalgamated could not control other copper-mining districts, such as those in
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Rogers and
Rockefeller were then able to gain complete control of Butte's copper as they merged them all with Amalgamated. Ryan became its president, and was rewarded with significant package of Amalgamated shares. The "right hand" of John Ryan was
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Smaller investors were completely wiped out. The results are still considered one of the great fleecings in Wall Street history. The
American Senate hearings concluded that those operations cost the public, at the very least, $ 150 million.
461:"To Head War Relief For The Red Cross. John D. Ryan Appointed Director General to Succeed Col. Jefferson H. Keen. Choice Pleases Davison. New York Chapter of the Daughters of the Confederacy Gives Two Fully Equipped Ambulances"
377:"John D. Ryan Dies Unexpectedly At 69. Head Of Anaconda A Pioneer In Copper Industry. Banker And Utilities Leader. Had Small Salary At 32. Quit Direction Of $ 700,000,000 Concern To Manage Nation's Airplane Output In War"
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In 1928 Ryan and Percy
Rockefeller aggressively speculated on Anaconda shares, causing them to go up at first (at which point they sold) and then to go down (at which point they bought them back). Known today as a
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When the U.S. stock market crashed on
October 29, 1929, Anaconda suffered serious financial setbacks. Moreover, at the same time, copper prices started going down dramatically. Things at Anaconda worsened as the
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A 1933 Senate banking committee called the stock manipulating operations of
Anaconda in the late 1920s one of the greatest frauds in American banking history and a leading cause of the 1930s depression.
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Under Percy
Rockefeller, Ryan and Kelley, Anaconda acquired additional mining businesses outside the United States and by the 1920s, was expanding into new areas of activity which included
441:
214:, and countries outside the United States. Ryan is reputed to have had exceptional negotiating skills. He convinced Heinze to walk away with abundant compensation.
253:, Ryan took leave from Anaconda to work for the government and the American Red Cross. He was named Director General of the Red Cross' War Relief Program in 1917.
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Kelley served as
President of Anaconda in the interim. After the War, Ryan assumed the position of Chairman, with Kelley continuing as company president.
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222:, a young attorney who soon was given the position of vice-president. The reorganized company was again named Anaconda, as it had been under Daly.
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333:. This providing Anaconda with low-cost electricity for its mines and smelters. As president of Montana Power, he fostered electrification of the
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John D. Ryan was named ninth in a listing of the 100 most important people in
Montana of the 20th century. He was inducted posthumously into the
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202:. Clark initially sided with Heinze, but later sold his holdings to Amalgamated. Heinze’s mines in Butte were consolidated in 1902 as the
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125:(October 10, 1864 – February 11, 1933) was an American industrialist and copper mining magnate. He served as President of the
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Ryan is credited with consolidation of several regional electrical generating companies into a single entity,
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165:, becoming its president. As such, he was closely involved with the management of Mrs. Daly’s fortune.
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in 2005. Carrie
Johnson, a historian, wrote a story about Ryan's rise to power which was published in
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Marcus Daly had been heavily involved in copper mining, and was involved with a syndicate led by
450:; published September 18, 2005; republished on RedOrbit.com; stored on archive.org, May 24, 2011
268:. Shortly after the war had ended in late 1918, Ryan resigned and returned to private business.
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161:, who had died in 1900, and he acquired an interest in 1901 in the Daly Bank and Trust Co. in
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Henry Rogers died suddenly in 1909 of a stroke, but William Rockefeller brought in his son
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149:. He began selling lubricating oil in the western American states from a base in
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and silver. It became the fourth largest company in the world.
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The United States in the First World War: An Encyclopedia
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Mining Hall of Fame to Induct Anaconda Co.'s John D. Ryan
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John Ryan as head of the Aircraft Board with US generals
326:(Arco) and operations shut down permanently in 1982.
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27:American industrialist and copper mining magnate
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188:, with Daly retaining a financial interest.
398:"125 Montana Newsmakers: John Dennis Ryan"
337:and electrical improvements in the mines.
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354:Montana – The Magazine of Western History
423:"From 60 Cents A Day To $ 50,000 A Year"
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477:Anne Cipriano Venzon, Jerold Brown in
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141:Ryan was born on October 10, 1864, in
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191:Amalgamated was in competition with
335:Butte, Anaconda and Pacific Railway
260:appointed Ryan as new head of the
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541:American businesspeople in metals
289:He died on February 11, 1933, in
182:Amalgamated Copper Mining Company
249:to help with leadership. During
561:American mining businesspeople
324:Atlantic Richfield Corporation
127:Anaconda Copper Mining Company
67:Anaconda Copper Mining Company
1:
546:People from Hancock, Michigan
180:which created a new company,
566:Businesspeople from Michigan
346:National Mining Hall of Fame
582:
551:People from Butte, Montana
264:in April 1918, succeeding
153:, Colorado. Relocating to
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262:Aircraft Production Board
129:and was a founder of the
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291:Manhattan, New York City
111:Manhattan, New York City
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184:, and acquired Daly's
513:on December 13, 2004.
331:Montana Power Company
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204:United Copper Company
131:Montana Power Company
18:John D. Ryan (mining)
447:the Montana Standard
385:. February 12, 1933.
32:For other uses, see
481:, Routledge, 1999,
402:Great Falls Tribune
350:Leadville, Colorado
186:Anaconda Copper Co.
178:William Rockefeller
507:www.missoulian.com
465:The New York Times
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200:F. Augustus Heinze
247:Percy Rockefeller
143:Hancock, Michigan
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104:February 11, 1933
95:Hancock, Michigan
92:November 10, 1864
16:(Redirected from
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509:. Archived from
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431:. June 14, 1904.
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316:Great Depression
220:Cornelius Kelley
196:William A. Clark
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77:Personal details
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43:John Dennis Ryan
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231:Tasker H. Bliss
198:and especially
174:Henry H. Rogers
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123:John Denis Ryan
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503:"John D. Ryan"
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382:New York Times
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155:Butte, Montana
147:Copper Country
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108:(aged 68)
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304:pump and dump
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511:the original
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405:. Retrieved
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282:, aluminum,
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193:Copper Kings
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170:Standard Oil
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106:(1933-02-11)
55:Ryan in 1917
29:
536:1933 deaths
531:1864 births
251:World War I
172:principals
159:Marcus Daly
525:Categories
407:August 26,
360:References
256:President
88:1864-11-10
489:,page 520
276:manganese
137:Biography
34:John Ryan
318:set in.
208:Michigan
163:Anaconda
444:; from
284:uranium
212:Arizona
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297:Legacy
258:Wilson
151:Denver
239:Tours
145:, in
483:ISBN
409:2011
280:zinc
241:1918
233:and
176:and
101:Died
82:Born
348:at
237:in
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368:^
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36:.
20:)
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