John D. Ryan (mining)
| John Dennis Ryan | |
|---|---|
_in_1917.jpg)
Ryan in 1917
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| President of Anaconda Copper Mining Company | |
| Personal details | |
| Born |
November 10, 1864 Hancock, Michigan |
| Died | February 11, 1933 (aged 68) Manhattan, New York City |
John Dennis Ryan (October 10, 1864 – February 11, 1933) was an American industrialist and copper mining magnate. President of Anaconda Copper Mining Company and creator of Montana Power Company.
He was born on October 10, 1864 in Hancock, Michigan, in Copper Country. He began selling lubricating oil in the western American states from a base in Denver, Colorado. Relocating to Butte, Montana, he became close to Margaret Daly, the widow of banking and mining magnate Marcus Daly, who had died in 1900, and acquired an interest in 1901 in the Daly Bank and Trust Co. in Anaconda, becoming its president and manager of the widow's fortune.
Marcus Daly had been heavily involved in copper mining, and was involved with a syndicate led by Standard Oil principals Henry H. Rogers and William Rockefeller which created a new company, Amalgamated Copper Mining Company, and acquired Daly's Anaconda Copper Co., with Daly retaining a financial interest which was left to his widow.
Amalgamated was in competition with powerful copper king F. Augustus Heinze, who also owned mines in Butte which in 1902 he consolidated as the United Copper Company. Thus, neither 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 Michigan, Arizona, and countries outside the United States.
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