The sun. [volume] (New York [N.Y.]) 1833-1916, 1912-02-23

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mill in running order. A letter written
subsequently by one OF the engineers
follows:
During our first visit 10 this plant we had
fully discussed with DrsKeith his process
ana the method OF proceeding at each
stage. Full notes had been TAX en- and we're
followed as closely or even more so than
DR.. Keith was in the habit OF doing. We
had no difficulty In making what would
be considered a successful run. The ma
| terial we used WAS out OF a small pit exca-
waited by DR.. Keith near the mill and con-
| nected thereto by "A small trestle. He told
both OF ns repeatedly that all his runs on this
| mill had averaged over 8?
After putting eleven tons OF this sand
! through the mill we made n very careful
cleanup aud after retorting all the amalgam
secured and reno wing the resulting copper
by acid We found very small quantity
OF gold present. which would not amount
TO one-flftieth OF an ounce and could very
easily have been scraped from the bottom
OF the amalgamating pan.
BoGUs kLoSDIkF.
MIR Newlsnd writes in the Enqineer ring
and Mining journal Of the Adirondack
gold fields.
II is evident that with the process In work.
ing order. a field is opened that would soon
|
and in time might overturn our whole f1nan-
cial system. But for some une xplained
reason. after the mill is up. the machinery in
place. and all made ready for operation, the
gold does not materialize-to the stock
holder. Then comes his unpleasant awaken
ing from dream to reality. and another
abandoned mill marks the progress OF the
promoter.
IL may seem surprising that such schemes
Oh, a,<I .NlG
their vitality IL witnessed by the continued
interest shown in them as noted in the press
and in the recent reports issued by the state
Geological Survey They appeal naturally
to those least able to assume the financial
loss which they have always entailed.
The actual sums that have been raised
by these concerns must amount in all to
several hundred thousands of dollars. but
there ia much greater economic waste
than is represented by the mere capital
outlay. as need scarcely he stated The
extent OF the craze that may seize upon
the people during the height OF a boom is
well shown In the periodic scramb!es for
the registration of claims. in one year
nearly 1000 were filed with the Sec retary
OF State at Albany. The interest also is
not purely local: inquiries in regard to the
matter have come from all parts OF the
country.
NO doubt many gagged in the business
are acting in good faith. and there is no
intent here to question personal motives.
IL seems. however. an opportune time to
throw some light on n situation which is
hardly creditabls to the mining industry.
KERo-oAs PROSPECTUS
The Kero-Gas Company. which broug ght
about the complaint to the StockExchange
authorities against Mr.. Jewell and Mr.
Gross by a man who had 100 shares of
stock that he thought Jewell 4 Stringer
ought to buy from him, was Incorporated
in Del ware il 1910 as the Hydro-C Carbon
Gas Company, and the patent on the gas
manufacturing machine as taken out
by Wada, who hsd also promoted the
company, While telling The Sun man
alb ut the gold extracting machine Wade
said he had sold his rights in this gas
Jewell 4 Stringer.
The literature Of the gas machine COM
pany states that "kero- gas" is not only
adapted for lighting but for neat and
power. or the illumi mating gas il is
alleged that 500 cubic feet can be made
from a gallon Of Kerosene, which costs
about 10 cents. The ignition is oper ated
by q Preheati-g atomizer which is con-
trolled by an al" lump attached to the
stove. heater or urnace. states the cir
cular. II will also produce 10 per cent
more power per morse power capacity of
an engine than any other gas produced.
will respond readily when starting cold
engine and the gas making attachment
can be applied to all.heating and cooking
attachments
CIRCULAR OF JEWELL & sTRIN0ER.
The letter Of Jewell d Stringer Offering
stock in the gas machine company said
in part:
w" take pleasures ~ submitting for your .
careful consideration what we believe to be .
tl...l l...l t...
had the good fortune to obtain. After the I
most rigid investigation We ha We purchased .
a limited number OF shares of the capital
stock Of the Kero-Cas Company OF Della
ware. We believe that in extending to you
this opportunity TO invest VIC are Offering
you Ona Of the best industrial securities
on the market to-day.
The Kero-Gas Company is a holding COM /
pany and owns a number Of United States /
patents on hydro-csrbon oil gas generating
devices by which it generates all kinds
suitable for heat. light and power purposes.
The results obtained by their patented
devices have been declared by experts to be
the virtual solving OF the fuel problem
The salient features hereto attached will
give an idea Of Its many advantages.
The letter also stated that the company
g eSpected that in 1918 and subsequent
years. when the royalties begin to come
in from the gas machines. the minimum
amount Of business done will amount
to not less than per cent upon it's capi-
tai stock of 81, ,OOO. 900 THE management
of the Kero Gas Company is in the hands
of seven directors. all substantial bust
ness and professional men of New York
and Delaware. including bankers. mer-
chants. manufacturers. lawyers, judges
and capitalists" says the letter. The
firm reserved the right 10 reject subscrip-
tions for more than 200 shares
LETTER WITHDRAWN NOW.
Mr. Jewell and his par tner, q. F.
Stringer.. talked frankly with sun re-
porter when Nuestioned about the Kero-
Gas Company. Mr.. Stringer said that the
firm not only had withdrawn the letter
and sold no stock, but that as a result
OF the letter there wasn't a single appli-
cation for stock. Both said they were
sorry that the firm took hold OF the gas
stock before looking up Wade, but said
that they have since retired from all
with it. Mr.. Jewell said that
no gas machines have been put on the
market yet. and he is afraid that the pres
ent investigation will kill the gas machine
even though the machine has
some merit.
THE GOLD MACHINE.
Il intend to get out of the gold extract
ing machine company also unless Wade
keeps away from the Office" said Mr..
Jewell "He has no interest there except
from holding a small amount of stock
He met Col. McCarty on the boat one day
and cot In talkinn vi vilh hin, md haarI !