The Richmond Virginian. (Richmond, Va.) 1910-1920, 1914-07-11
Congressman From Virginia
Stakeholder to the Extent Of
$500 Shares
Promoter Newman
On Stand Again
Tells of Rushing BusinessWith
Other Members of Congress
Whose Notes Were Not
Good

Washington. July ia new mem
Der was added today to the con-
gressional club of stockholders In
Gold Hill, the North Carolina mine,
which was exploited on senate sta
! tionery. Henry Il. Flood, of Virginia,
chairman of the house committee on
foreign affairs, is the latest statesma n
to be admitted 10 membership Walter
George Newman, the promoter Of the
Gold Hin mine, disclosed before the
senate committee that Represe ntatfVe
Flood was a stockholder to the ex-
tent Of $500 shares,
The membership Of the Congress
Gold Hill club. az officially recorded
thus far. consists Of Senator Overman,
of North Carolina and Senator Chill
ton, Of West Virginia. Senator Pom
creme, of Ohio. Senator Swanson. OF
Virginia, and Representative Flood.
That other members of congress
are eligible. or at least were eager to
join. was evident from Mr.. Newman S
testimony today The promoter dis
closed that several members of con-
gress had sought to acquire stock in
the North Carolina goigonda on tick.
Newman said he had been given notes
by members of congress who wanted
to buy stock to the amount of sl0.-
600 He had shown these notes to a
local broker, who fatty declined 70
accept them in payment for Gold Hill
stock Newman accordingly return
ed the notes to the disappointed con-
gressmen. Their names were not
disclosed.
Flood lucky
Representative Flood WAS lucky in
his purchase of Gold Hiii stock. New
man had agreed to let him have $500
shares at 81 Ia cents. Newman was
not selling his own stock, SO he CON
tended, but was going To give Flood
an allotment out OF 100 shares on
which he had the call in the lar
ket Just about tbs time. the Sun 3
disclosure of the misuse Of the SEN
ate's official stationery came, and Mr.,
Flood. instead Of paying So. cot his
stock at prices ranging from 81 TO
as cents a share.
Again today the issue was raised
before the senate committee between
Newman and Comptroller John Skel-
ton Williams as to whether they are
friends, Mr. Newman said today: Y
wanted To buy up the floating stock
Of Gold Hill in the market 10 get the
mine on a good dividend paying basis.
because / had proved | had the goods.
and I knew Mr.. Williams and con-
sidered him above all men of my
friends"
Mr. Williams had already taken
exception to such characterization Of
his relations to Newman.
Berkeley Mentioned.
Newman also testified today that 1t
was Comptroller Williams who surned
him over TO Berkeley Williams. of
Richmond. the comntroller's hrothet.
who later investigated the possNhN-
ties of the mine. apparently with an
Idea of acquiring an interest.
John shelton Williams" Newman
testified. said he would turn me over
to his brother. Berkeley. and that II
that mine showed up one half what
he thought II did from Or. Drewrys
report. and what the assays showed,
there would be no question about rails
ing all the capjtal necessary"
Newman introduced correspondence
which showed that he had conferred
with John SHELTON Williams on bust
ness matters moro than year ago. and
also letters received by him from Mr..
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