The copper era., 1905-06-29
The Greene Gold Company Maddle.


 w. c. Greene arrived in Fl Paso last week and was interviewed by the Herald:
 eff you have been reading the papers regularly, you will have mo- ticed that every few months some thing of this sort comes out; every man who has financial interests of any sort must expect to have enemies and be attacked occasionally" This is the reply of Col. Greene to query of representative of the Fl PasO Herald as to the truth of a statement in the Hearst Newspapers of last Thursday that-the directors of the Greene Gold and Silver company had sent an expert to examine the prop critics and that he had reported that they had been misrepresented.
 "Work has heen stopped on the Sierra Madre only long enough to give the locating engineers chance to decide what route is most feasible for the extension, and this will be de- cided and work resumed in sixty days" This is his statement regard ing the extension of work on his rail road.
 According to the Hearst newsPa- pers there was considerable excite ment in Wall street at a meeting of directors of the Greene Consolidated, headquarters in Fl Paso and New York, over the report of James O.. Clover, mining expert who had been sent by some directors to inspect the properties. The papers say:
 For some time the Greene COnsol- dated Gold company has been pay ing quarterly dividends of per cent. 50 cents being paid on each S1O share. The last dividend is said to have been about sos, ,OOO.
 " According to the report of the expert the entire amount of gold taken out of the company's property near the San Domingo river, was worth less than $500.
 "The prospectus of July, 1904 stated that $1, 100000 had been ex- pended in the purchase of the prop critics and for prospecting and de veloping them. The report states that the plants, machinery, buildings and other construction work could not have cost more than SI75,000.
 "Mr. Clover states that he found little prospect work, and not over $500 had been taken from the mine, Col. Greene did not hesitate to talk on any matter regarding his proper ties which the Herald representative broached. and positively denied re- ports that he was in any financial tangle.
 |" As to the reported trouble among the directors" said Col. Greene, you can say that d meeting of the directors of the Greene Gold and Sil- yer company has been called for July 9th in New York, at which time any differences that may exist between them will be strengthened out" The colonel would not say that there was no trouble last Wednesday, neither would he deny that an expert had made an adverse report on the prop erty, simply quoting the opening paragraph of this article.
 As for the stoppage of work on the Sierra Madre, he said, Yes, work has been stopped, and I ordered it stopped, not because of financial diff culties, I assure you: as the future will prove, but for the reason that we have not yet determined on the route beyond the point where the graders are now at work, which is Chocolate pass. We have the locating engin- eers in the field, surveying both to Temosachic and TejOlogachic, and we are not certain which route will be chosen. The survey will be con- pleted in about sixty days and work will then be resumed. We have al ready built eleven miles of extension and that is sufficient to hold our con- cession for a year. The work will be resumed in about sixty days, how ever"
 Asked as to the financial condition of his properties, Col. Greene said: Everything is working nicely. A large amount of machinery is on the road. I have already shipped in saw mills, and three hundred stamp quartz mill is en route for the Greene Gold and Silver company. Three of these mills will be erected, one at Santa Brigida, one at COnchena and one at Boluda. The one on the road goes to Santa Brigida-
 "There will be no delay in any of our undertakings as soon as this sur vey is decided and any reported trOu- ble among our directors will soon be strengthened out, and differences will be settled on July 5th." Cheap Round Trip Rates From Fl PaSO