The Birmingham age-herald., 1914-06-18

States and Canada. on which valuations have been fixed, I would say l believe that S60ooe,eoo valuation on the Gold Hill property a conservative estimate
 Being a conservative body a eonserya- tive estimate. was just the very thing that the United States Senate, or individ- ual members thinking of buying stock wanted
 MT Newman saw to 1t that they got it. In some way also, someone responsibility not now being fixed, saw to it that the report of MT. Williams. the economic and minlng Seologist aforesaid and author of the conservative estimate of S60.00o, GOO valuation was reproduced on the official letter heads of the committee on rules Of the United States Senate. and also on the official letter heads of the committee on the census of the United States Senate. Senator Chiffon of West Virginia being chairman of the latter committee, while Senator Lee S. Overman of North Carolina Is chairman of the former. Both of these senators are stockholders in the Gold Hill property. but they had nothing to do with the exploitation of the company on the stationary of their committees, and were as much surprised as any one else when that fact became known
 The trouble was that a number of other senator's names were on the stationary, Senator Robert LaFollette being one as a member of the committee on the cen sus. and Senator LaFollette is the person now demanding an investigation Of the entire Gold Hill transaction.
 Visions of Great Wealth
 Gold Hill was capitalized at s5o00, 00o And the visions of great wealth in legs- lative circles in Washington were such that there was no trouble in letting one s friends in" at the start at about s2 a x~lx for ctxs Af~ x.~f4I .T...- But Gold Hill on the curb in New York went to as much as s7 share. things looked so bright. But it Is declared now that the price of the stock has sagged to 30 cents.
 Anyway. it was suggested by someone that it might be a good idea to have a government expert examine the property and get an unbiased report This was done through the treasury department and the chief expert Of the United States assay office went down to Gold Hill and investigated the gold mine. The report made by the government officials while not entirely unfavorable, was by no means as rosy as the former reports and news concerning the property that had been coming in car load lots to the dis tinguished Washington stockholders.
 Is an Old Property
 Gold Hill as matter of fact is an old property that has been exploited before It was formerly the old Gold Hill Copper company of lamented memory. The new company is headed by Walter George Newman, an eccentric promoter. who has made and lost several fortunes, it Is said and has been connected with various and sundry ventures in many parts of the country.
 No one goes so far as to say that sev- eral prominent United States senators have been made the victims of anybody, but the investigation now on foot is likely to disclose some facts very amusing to some folks and annoying to others. that will probably help some other promoter in the future who sticks his nose around the capitol and says anything about gold stock. To attempt to sell gold stock or mining stock of any character to> United States senator right at this time could not be classified as a very pleasant occupation. Making personal request of Huerta to resign the presidency and turn 1t over to Villa would be calm and pleasing pastime in comparison to sug- gesting to United States senator that you have little mining stock in which you would like to interest him.