New-York tribune., 1920-08-23
Al 1t Again

somebody has sent us the PROSPECTUS
OF the Broken Hills Silver CORPORATION
together with letter mailed to him
by George Graham Rice. Our CORE
spondent has taken care to remain
anonymous by cutting out the place
where his name and address had been
written. Evidently he assumes that we
shall show more moral courage than
himself. His assumption is fully war
ranted. Whether the mine under on
ton to the aforesaid corporation is
valuable or not, we do not know. The
report by Mr.. A. P. Thompson is not
convincing. There is too much geo
logic gutf; the quantity of it is wholly
dlsproportionad to the number of
assays quoted or the amount of real
Information conveyed.
Mr. Thompson says that the prop
erty lies in "a region of profound vol
CAME disturbances" although most of
has remarks deal with surficial lava
and cap rock" There is too much
pseudo-scientific stuff, such as: "East
OF TINS strata stratum, if you please,
but even that is not the word for
flow Of andcsite] Of silver-bearinc
slIiclous andesite, more basic andesite
flows cover the surface. While there
IS no evidence either on the surface
or underground in the mine to definite
ly fix the age Of this andesite relative
to the more acidic rock, in which most
OF the veins and ores are the ores
detached from the 'veins'?l occur, it is
possible that beneath this basic ande-
site the more prolific mineral bearing
acidic flows will be found" This reads
like front-porch speech by poll
tlcian trying to avoid saying anything
by talking great deal. Mr.. Thompson
says that vein matter which does not
contain 100 ounces silver per ton or
over IS left IN the workings and used
as floor" What magnificently negli-
gent persons the present owners must
be- He cites the assay of a sample
here and there, but he does not quote
the results of~systematic samplng, al
though he appears to have taken some
OF his samples "at intervals of ten
feet. In approved front-porch man
ner he makes the sapient remark:
IN the course of stoping the ore
1t Will be convenient and highly desir-
able to sort out the barren rock from
the ore in the slopes after it is broke n
and before the ore is hoisted to the
surface" Who would have thought it.
He finds Slol,375 of ore blocked out.
with various possibilities and poten-
tialities, some Of which are not an
reasonable in an area so well fssured
and mineralized. but this prospect is
capitalized for 100000 shares of 10
cents each, OF which 1000 900 shares
have been underwritten by the Fidelity
Finance and Funding Company Of Ne
vada "to net the Broken Hills Silver
Corporation s3Soooo." This sounds
grand but it is only another name for
Rice, alias Herzig, who signs the letter
as treasurer and whose nefarlous
doings have been exposed time and
again
He calls attention to copy Of "a
commendatory letter from the Chief
Executive of the State of Nevada.
which appears on page of the circu-
lar" Now, Emmett D. Boyle is a min
ing engineer and a first rate man in
other respects, but it is fair to ask why
he allowed his name to be used by such
& man as Rice, whose career as a fake
venture to say that for gentlemen la
beled as "The Treasurer of the State
of Nevada" and "The State Bank En-
aminer Of Nevada" TO use the prestige
of their public Office to boost a promo
tion by Rice is scandal. In any
event we are surprised at Mr. Boyle
He gives shis opinion Of the mine after
an examination that he describes as
necessarily cursory." He might do
this as Governor Of Nevada, but he
ought not TO do it as an honorable
member of the mining profession
Mining and Scientific Press.