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Phelps Dodge
Phelps Dodge Corporation was an American mining company founded in 1834 as an import-export firm by Anson Greene Phelps and his two sons-in-law William Earle Dodge, Sr. and Daniel James. The latter two ran Phelps, James & Co., the part of the organization based in Liverpool, England. The import-export firm at first exported United States cotton from the Deep South to England and imported various metals to the US needed for industrialization. With the expansion of the Western frontier in North America, the corporation acquired mines and mining companies, including the Copper Queen Mine in Cochise County, Arizona and the Dawson, New Mexico coal mines. It operated its own mines and acquired railroads to carry its products. By the late 19th century, it was known as a mining company.
On March 19, 2007, Freeport-McMoRan completed a $25.9 billion acquisition of Phelps Dodge Corporation.
in 1821, Anson G. Phelps started a partnership in New York City with Elisha Peck, a merchant who had been in trade in Berlin, Connecticut. Peck moved to Liverpool to run the British end of their business, an import-export company that shipped US-grown cotton from the Deep South to England, importing tin, iron, copper and other metals essential for industrial growth and development in the United States. In 1834, Peck left the business and was replaced in Liverpool by Daniel James, who remained there until his death in 1876. It was at this time that the concern of Phelps Dodge and Company was begun.
In 1940, the Phelps Dodge Corporation provided the copper used to bind a commemorative book on the making of the film Arizona. The text inside the back cover reads "Columbia Pictures gratefully acknowledges the cooperation of the Phelps Dodge Corporation in making available the copper in the covers of this book."
When Anson G. Phelps died, his sons-in-law purchased his portion of the company, but retained the name, and the import-export business. In 1880, the company invested in the Detroit Copper Company of Clifton, Arizona, at the time a very small copper camp in the eastern Arizona Territory. Phelps-Dodge interested Dr. James Douglas of Phoenixville, Pennsylvania to inspect the property and make recommendations. Dr. Douglas inspected the Detroit Copper Co of Morenci and also ventured south to the Warren District. On his advice, Phelps-Dodge began its own mining operations in the Warren District with the purchase of the Atlanta Copper Mine in 1882, neighboring the Copper Queen Mine. When both mines discovered the same ore body, instead of fighting over it, they merged in 1885, creating the Copper Queen Consolidated Mining Company. The Copper Queen Mine in Bisbee, Arizona Territory, became one of the most productive in the state of the early 20th century.
The company focused largely on providing copper wire and cables to industry, products that were in high demand as the Industrial Revolution took hold. As the company diversified, it began investing in new railroads, essential in the company's efforts to keep costs as low as possible, especially in Arizona Territory. It used its own lines to transport products to and from major railroads for its markets on the eastern/northeastern shores.
In 1895, the first contract was signed by Phelps Dodge and Company and the Nichols Copper Company (which was renamed from G. H. Nichols and Company in 1891) to have Phelps Dodge deliver a minimum of 1,000,000 pounds (450,000 kg) of blister copper over three years. This economically symbiotic relationship lasted until 1922, in which Phelps Dodge provided 90% of the blister copper Nichols Copper Company used to produce 100% pure copper. During the 1920s, Phelps Dodge invested $3.5 million in the Nichols Copper Company's plant modernization projects in exchange for stock in Nichols Copper Company. This dramatically increased copper production of the plant. In 1930, Dr. William Henry Nichols died; Phelps Dodge purchased the Laurel Hill plant that same year.
During the late 19th century, in concert with its metal interests, Phelps Dodge Corporation became one of the largest producers of lumber and lumber products in the United States.
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Phelps Dodge
Phelps Dodge Corporation was an American mining company founded in 1834 as an import-export firm by Anson Greene Phelps and his two sons-in-law William Earle Dodge, Sr. and Daniel James. The latter two ran Phelps, James & Co., the part of the organization based in Liverpool, England. The import-export firm at first exported United States cotton from the Deep South to England and imported various metals to the US needed for industrialization. With the expansion of the Western frontier in North America, the corporation acquired mines and mining companies, including the Copper Queen Mine in Cochise County, Arizona and the Dawson, New Mexico coal mines. It operated its own mines and acquired railroads to carry its products. By the late 19th century, it was known as a mining company.
On March 19, 2007, Freeport-McMoRan completed a $25.9 billion acquisition of Phelps Dodge Corporation.
in 1821, Anson G. Phelps started a partnership in New York City with Elisha Peck, a merchant who had been in trade in Berlin, Connecticut. Peck moved to Liverpool to run the British end of their business, an import-export company that shipped US-grown cotton from the Deep South to England, importing tin, iron, copper and other metals essential for industrial growth and development in the United States. In 1834, Peck left the business and was replaced in Liverpool by Daniel James, who remained there until his death in 1876. It was at this time that the concern of Phelps Dodge and Company was begun.
In 1940, the Phelps Dodge Corporation provided the copper used to bind a commemorative book on the making of the film Arizona. The text inside the back cover reads "Columbia Pictures gratefully acknowledges the cooperation of the Phelps Dodge Corporation in making available the copper in the covers of this book."
When Anson G. Phelps died, his sons-in-law purchased his portion of the company, but retained the name, and the import-export business. In 1880, the company invested in the Detroit Copper Company of Clifton, Arizona, at the time a very small copper camp in the eastern Arizona Territory. Phelps-Dodge interested Dr. James Douglas of Phoenixville, Pennsylvania to inspect the property and make recommendations. Dr. Douglas inspected the Detroit Copper Co of Morenci and also ventured south to the Warren District. On his advice, Phelps-Dodge began its own mining operations in the Warren District with the purchase of the Atlanta Copper Mine in 1882, neighboring the Copper Queen Mine. When both mines discovered the same ore body, instead of fighting over it, they merged in 1885, creating the Copper Queen Consolidated Mining Company. The Copper Queen Mine in Bisbee, Arizona Territory, became one of the most productive in the state of the early 20th century.
The company focused largely on providing copper wire and cables to industry, products that were in high demand as the Industrial Revolution took hold. As the company diversified, it began investing in new railroads, essential in the company's efforts to keep costs as low as possible, especially in Arizona Territory. It used its own lines to transport products to and from major railroads for its markets on the eastern/northeastern shores.
In 1895, the first contract was signed by Phelps Dodge and Company and the Nichols Copper Company (which was renamed from G. H. Nichols and Company in 1891) to have Phelps Dodge deliver a minimum of 1,000,000 pounds (450,000 kg) of blister copper over three years. This economically symbiotic relationship lasted until 1922, in which Phelps Dodge provided 90% of the blister copper Nichols Copper Company used to produce 100% pure copper. During the 1920s, Phelps Dodge invested $3.5 million in the Nichols Copper Company's plant modernization projects in exchange for stock in Nichols Copper Company. This dramatically increased copper production of the plant. In 1930, Dr. William Henry Nichols died; Phelps Dodge purchased the Laurel Hill plant that same year.
During the late 19th century, in concert with its metal interests, Phelps Dodge Corporation became one of the largest producers of lumber and lumber products in the United States.