White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1910-10-02

engineers for Ely Central is the firm
of Constant Herzig company, of which
c. S. Herzig, president and Captain
w. Murdock Wiley, vice president,
had been on the ground for the week.
When news of the closing of the
house of Scheftels & Co., reached
here both gentlemen We're at Cherry
Greek examining a property there in
the interests of other of their clients.
Captain Wiley returned to Ely Thurs
day night, and was in communication
by wire with New York and Cherry
Greek nearly all evening. At the
conclusion of this work signed
statement was issued by General
Manager Lee Glocker of Ely Central
and Captain Wiley as vice president
of the Constant-Herzig company, con-
sulting engineer for the company,
and the statement which is as fol-
lows, sent out to the principal min
ing papers of the country:
1T has been reported here that the
federal authorities have closed up the
brokerage firm of B. II. Scheftels &
Co. We are in ignorance of the
specific charge or charges brought
against this firm; but II they relate
to their connection with the Ely Cen
trail Copper company. We wish to
state emphatically that every repre-
sentation which we have made con-
cerning this property since our con-
nection with it, and which has been
made public by Sheftels & company.
is absolutely true and borne out by
existing conditions.
I'VE have the porphyry in both the
upper and lower workings of the
Eureka shaft, and this We mean the
ore bearing porphyry. In the Clip
per shaft we have fourteen feet of
ore. Three shafts are being sunk and
three churn drills are in operation.
The development work is being in
telligently and vigorously prosecuted
at every point on the property. This
statement is absolutely incontrover-
tible and We are willing to abide by
the verdict of any jury composed of
competent and unbiased engineers.
The Engineering and Mining Jour-
nal of New York came out in an at
tack on Ely Central and its promoters
last November. and it was limited at
that time that there were men behind
the attack who were desirous of OBJ
| tanning the property at their own
figures. Subsequent to this there
have been raids on the stock of the
company and IL was made apparent
that strong interests were at work in
beating down the price. Ely Central
Copper company sued the Mining
Journal for $750,0O0 and Scheftels
& Co., followed with a suit for $780,
600 Both actions for libel are now
pending. 1t is pretty we'll known that
the mining paper has been at work
gathering evidence for the defense of
these suits, and 1t Is limited that the
interests behind the paper and the at
tack of last November are responsible
! for the action of the postal au-
| thorities.
The mine has been running unin-
terruptedly since the closing of the
house, and will in all probability con-
tinue to do so. Scheftels & Co., and
the Ely Central Copper company are
different corporations, both working
on different lines. Ely Central is
well financed, and from all accounts,
after the development work of a year
is about to come into her own. The
third shaft was started during the
week, and is being sunk on the
Chispy claim, directly to the south
and east of the south end of the
steam shovel pit of Nevada Consoli-
dated, where in the latter they are
getting ore going six or seven per
cent in addition to native copper
The people of Ely have shown their
confidence in Ely Central by flood
ing the market with buying orders,
IL being estimated that not less than
100000 shares have been bought
since the slump.