The Washington herald., 1914-06-15
The Gold HnI Property.

new company has been organized with
Walter George Newman as president
authorized capital 100000. par $ a
share.
The letters sent out on the Senate com,
mittee's stationery are signed by ~ C
Williams, Economic and Mining Geolog
ist." Mr.. Williams is not listed in the
American Institute OF Mining Engineers
SO far as could be ascertained here.
As Mr.. Newman. the promoter anC
owner OF a majority interest in the prop
erty understands 1t, Williams was sent
down to Gold Hill at the instance OF
Senator Chiffon. Thereafter the mining
engineer wrote letter to the Senator
which has been reproduced by mistake
on the official stationery OF the two
Senate committees, and fallen into the
hands of stock brokers.
Letter to Chiffon.
The letter to Senator Chiffon reads:
Gold Hill Consolidated Company. Gold
Hill, n. c.. May %. 1914
lion w. E. Chiffon. United States
Senate. Washington. d. c.
Dear Sir: After spending some thirty
days on the Gold Hill property and feel
ing you may be interested in what may
know and believe about the property,
write you this condensed information.
nave SVnt oNtT tnt property Oh the
Gold Hill Consolidated Company very
carefully. both on the surface and
through the mine, down to the soo-foot
level. After examining seven veins from
two feet six inches to twelve feet in width
sampling and assaying them. I must say
see greater possibilities in the Gold
Hill property every day.
My first opinion is fully confirmed
and the veins will go to much greater
depth than the soo-foot level and carry
high values in gold. silver. and copper
The copper veins alone will pay all ex-
penses and show a handsome dividend.
leaving the gold and silver clear.
After comparing the Gold Hill prop
erty with other mines and mining prop
critics which I have examined. both in
the United States and Canada, on which
valuations have been fixed. j would say
believe that sixty million dollars ESQ.,
0o0.0oO valuation on the Gold Hill prop
erty a conservative estimate.
"Yours very truly.
(SigneD: -. c. WILLIAMS
Economic and Mining Geologist."
Each letter is plainly marked copy"
and both Senator Chiffon and Senator
overman believe that fact alone is suf-
fcient to indicate the Senate committee
as such and the other individual Sem
ators whose names appear on the letter
heads, had nothing to do with the mining
project.
Some Senators Wrnthy.
Some Of the Senators whose names are
on the paper take a different view. and
are inclined to be hot over it. For in
stance. in the upper left hand corner of
the Census Committees letter head.
down on the mining engineers
$50, oo0, 900 report is the name of Robert
NJ. La Toilette: also, Senator Albert E.
Cummins, Of Iowa. who has some de-
cided views on the question Of govern
ment supervision of the issuance OF
stocks and bonds.
Mr. Cummlns has been favored beyond
sny other Senator, through the mistakes
made In the offices Of Senators Chiffon
md Overman. His name appears on both
etter-heads, as he is a member of the
Committee on Rules as we'll as the Com
nittee on Census. He never had heard
II the Gold Hill Consolidated Company
Until he saw his name on one of the let
er-heads bearing the engineers report.
Other Senators whose names appear on
he Official paper OF the Census Commit
zee are Henry A. du Pont, of Delaware;
George P. Mclean, of Connecticut:
E, Townsend. of Michigan: Re-
,ublicans. and Atlee Pomerene, OF ohioi
Norris Sheppard, of Texas: Benjamin F.
,hively, OF Indiana: John r. Thornton,
Il Louisiana: James E. MARITIME, of New
Jersey. and William II. Thompson. of
Democrats. and Henry Fry,
lerk of the committee.
The Senators whose names appear on |
he ietter-head Of the Committee on
Rules, Of which Mr.. Overman is chair |
nan, are, besides Mr.. Overman and SEN |
a. Z Of
Wyoming: Jacob H. Gallinger. of New |
Knute Nelson, of Minnesota, |
republicans. and John w. Kern. Of In
lana: James A. O'Gorman, of New York; |
ohm Sharp Williams, of Mississippi, and |
luke Lea, of Tennessee. Democrats, and |
,haries H. Martin. clerk.
Pomcrene Owns stock.
or these Senators. besides Mr.. Over |
4 Ohio, is the only one who is said /
o have stock interest in the mine.
enator Overman acknowledges that he
) q stockholder, and Senator Chiffon
aye that some friends of his are very
much interested in 1t. At Senator Chill
on's office the receipt Of the letter from
timing Engineer Williams was explained
n the ground that the Senator was
Senator Swanson. of Vir-
inia, il another Democrat who is said to
ave acquired an interest, and the ram
ications of stock ownership extend to 1
he House side of the Capitol. and out
10 the highways and byways Of WASH
ngton.
At Senator Chilton's office. one OF hfs
Jerks accepted full responsibility for
,suing the mining engineers letter on
he Census Committee paper. He satn
'romoter Newman had asked to have
opiss of the mining engineers letter
truck on, and that no other paper being
andy. he. the clerk. had taken the e. L