New-York tribune., 1919-02-10
lightning Greek Investors
Urged to Contribute to
Protect This Interest
Admit Claims Are Idle
Prediction of Huge Profits
Repeated When Mining
Begins In the Spring

fravel and Drainage Company. which
r,omises It's investors from 100 20 1000
rer cent profit annually, we're revealed
Yesterday by those who had purchased
its securities.
C.H. Unvsrzagt, head OF the concern,
with offices at 405 Lexington Avenue,
admitted its stock had been sold for
sbout twenty years. but that no profits
had been paid to the investors. Also
no admitted that 70 mining operations
were being carried or at present.
~Bu. we viii begin aEain n the
.rr,no" he said. We feel sure that
Nh Of our predictions Of Zoe per cent
rrc6ts Will be more than fulfilled. We
are more likely to pay 200 per cent
nroft. no matter what anybody has TO
say against US now
Holders of the company's stock who
could be reached by inquirers were not
so optimistic One man was found who
produced a letter calling for the ex-
renditure OF additional cash "to protect
This interest" TIE circular letter
bearing Unverzagts signature midi
Gated that a defence committee had
been organized to meet certain mvster-
icus attacks upon the lightning Creek
company and the Great Carboo Gold
Company, which is described by In
yerzart as a stock holding company for
;he Lightning Greek CONCERN.
Circular Calls for Cash
This particular circular was adj
dressed to William O. Sheldon. with
offices at 3S6 Broadway, and called for
an additional outlay Of cash for stock
IN the Cariboo company, although the
stock had already passed out Of Mr.
Sheldon's hands,
The circular started with these para
graphs:
~i1) You are credited on our books
with owning $50 shares.
"(2i If correct they now represent a
book value Of $3.50
"(3l And will earn you until the
mine is worked out about a 500.'-
The circular then set forth that
these valuations we're believed to be
~eonservarively stated and all the
facts conclusivelv warrant the claims -
"This being so, IS it worth any of
your time OF money to protect this
interest. especially when any money
spent in its protection viii also re-
turn to you many times asked Tn
verzagts circular writer.
The document continued to tell Of
~ circular sent out by the defence
committee" describing attacks made
upon the Lightning Greek Company
which had asked for a defence fund
10 aid in preventing the wreck of our
company and the loss of our inter
Il est"
Loss of Investment Threatened
It was asserted the success of The
company depended entirely upon It's
ability 70 raise the cash to protect
the Investment already made. 1t was
charged that malicious interests were
back Of the attacks and the honesty
OF the concern and It's proper manage
ment OF its affairs would "cut no ice
against them. Every argument was
advanced TO show that the supposed
holder Of the Carboo stock should
advance additional money or lose his
present holdings.
Just what the malicious Influences
were and what they were doing to the
mining companies was not explained
All that was made plain was the need
o. money.
couldn't understand why they
called on me for cash since | mad
Already parted with the stock" said
;iF. Seeioon- However. I wrote q
lst;er back saying that if the stock
vas worth 3 share to-day, as stated
II Cnyerzegt's letter, I would be glad
70 parS with mine for 81 d share and
ssAee mat they take II off ruy hands.
"a, mat concluded our CORRESPONDENCE.
wren they found was willing to part
WEI my stock FOR one-third the val
asuoh taey had put on 1t they didn' 7
''is % near from ne again"
Holds $500 Gold Rond-
Joseph Litter, who holds $500 "orold
Soha issued By the Lightning Creek
so"Pehy, ls making an investigation
-. an ehort 10 learn whether the com
fsAy can De forced 70 keep the prom
:ees ne salc were made TO his brother
-ni~", purchaser Of the security An
- hesi, purchaser Of the bond in.
.2fmed Litter of the promises of nrof
rs nat were 20 result from investroen.
- 'ne lightning Creek concern. Las,
DsseehlDer both Resi- and his wife diec
~ ~ 'nnuenza The brother. acting 70,
NJ & estate ls endeavoring TO convert
-..s ~, cash the bond, along with some
,"'Hlhg ~ |reek stock, purchased al
she same time.
A. me Offices Of the Lightning Croel
Doid Sravcls and Drainage Com1an,
=. = @aipaign Of stock selling still il II
p.og<esS' although the obstacles tha-
erpsal 20 nave prevented any minlnt
s;nss'a,ions M IN The past continue TO keer
I.e l1.s lse property in British CoIumb bia
..Slzsgt was certain that actual dig
sng o. gold would begin early in tn,
ag1'ng- Meanwhile he produced numnr
~. S.teusars 70 support his statenen.
raent. pony "a9 d gooo invest
Ias Offices are decorated y,jtb nls.
t,zs s1sproouctions Of historic nuggets
i;sssn tn from other mines. however n,
sat9re contains numerous excernt,
I'm I'm documents showing what Lirht
Nreek has done.''
enYe fzagt said the advertisements :,
M. New Yorker -Zeifnno -
n. M originally attracted attention =,
~ers We Praises s. and methods Of operation
~. HsE now being published.
fne ' a4ee' we are not advertising /,
~ newspapers any more" he sa,d
: smssssnt mqossn't pay" ''
sdvsu.. III any reputable newgpapcr tak,
ixss Easements .sla that make the prom
" ~as asked. 'Soi 'oes :
ssva yss, | think So" he said ~w
NOT tried The Tribune. however
0Estf1lye Gt.~x rr.x