Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1910-08-16
after PROMOTERS
Government 10 Wipe Out
All Misuses Of Mail.
New York Post Office Inspector
Says That $4,000, 900
Has Been Invested by Americans in
Fake Mining Schemes.

New York, Aug. 15.-"Ip the last 10
years 'the american people have in
vested $50,000000 in fake mining
schemes. says Warren Dickson. the
new head of the poStotfice inspectors
in New York. He was talking about
the investigation being made of the af-
fairs of Promoter William T. White
mute, OF the Gold Run Mining & Mill
ing Co, who was at the time he
speeks in the Tombs awaiting adjust
mert of bail
Wintemute, through his counsel and
otherwise, denies his Culpability. Tho
postOtficc authorities declare that the
circulars and other documents used by
him ard his agents to induce persons
to invest in the stock of the Gold Run
Mining & Milling Co. were eXaggera-
lions, coming within the meaning Of
the Revised Statutes of the United
States against a misuse of the mails:
and the postctfice inspectors say that
81 100000 was taken in from the sale
of Cold Run stock.
1t was the result of Investigations of
so-callcd fake mining enterprises that
showed $50 100000 had been lost by in
vestors in the last 10 years. Mr.. Dick
son believed that that sum wassa very
conservative estimate. The government
has gone after persons who have used
the mails for mining and other bust
ness promotion before this. tbut never
so determinedly as at present, for it is
bound to wipe out all manner of mis-
use q: the mails. nc matter what the
articles the dealers in inflated or false
ventures may seek to sell.
Wintemute's history has been tabu-
lated and checked up. And his is not
the only record that will be used in the
present crusade. The action against
tie United Wireless Telegraph Co. was
really only a part of the governments
plan to protect the people as far as
possible against misrepresentation in
commercial enterprises. said Mr.. Dick
son, though he stated that he did not
include the United Wireless in his esti
pate of losses suffered by the people
in the last 10 years.
$50 person who has real gold mine.
or mine of any kind with actual pro-
ductiv.ty in sight. need peddle stock
at 20 cents n share. or less. or more =
Mr.. Dickson said Whenever that is
counting ard an authe nticated report
from IN undoubtedly efficient and hon
est mining engineer. There is plenty
of capital ready for the development
of any productive mine"
Other arrests NAV be made before
the week has passed. The post office
Inspectors are receiving numerous com
paints. now that the action in the
Nintemute case has received publicity
il would take the division in this city
several months to investigate the new
complaints that have been received re-
garding other mining ventures.
Herman War szawiak, VINO was said
to have sold Gold Run stock in Eu
rome. has not communicated with MIR.
Winterlute. so far as the post Office
inspectors are aware. Warszawiak
world be material witness regarding
the transactions abroad and the incep-
ton of the enterprise in this country.
Persons acquainted with the converted
jew said that they had believed he was
engaged in some kind of missionary
work in London
eff it was WarsZawiak who sold the
stock to the 'Dowager Lady Tanker
field" an acquaintance said in discuss
ing the natter. .'he must have interest
cd her in his former work among his
rae Her daughter in law and her son
were ardently interested in mission en-
terprises, and she was said to have as
nN1ch zeal in the work 1t can well be