The New York herald., 1922-05-11
Promoters In Tombs.

I
Padishuk, like the four others ar
rested on Tuesday, was arraigned before
Judge Mott in General Sessions. Like
all the others except Jacob +. Conner
he was held in $4,000 bail. He could not
produce. the cash and was locked up
| in the Tombs witE Conner, whose bail
was fixed at $4,000 because of his
prominence in the alleged swindie. Con-
uer was known by his associates at the
mine as doctor" He asserted that he
was United States Consul General at
ST Petersburg from 1907 TO 1918.
Mr. O'Neil said il was hard TO tell
how much money the concern took from
its stock purchasers. one milllon ooi
lars may be the figure. The Assistant
District attorney is looking for Vastly
C'hernjak. president of the company.
Scores OF stockholders called at Mr..
O'Neill's offices. One of them told OF
having seen plain sandstone rock dauoed
with gold paint at the mine.
According to the literature of the con-
cern. produced by Mr.. O'Neill. con
seryativo estimates placed the value OF
the deposits at: Cold. $4,000, O,0O0,OO0;
nlntinum. $4,000. .O00, 600. and Silver. ST.
ooo OOO. 900" Every ton of the sand
and stone would produce $500 II was
said. The prospectus was printed IN
both English and Russian. III started
out with a history of the search Tor
gold made in various parts of the world
By Mr.. Cherniak.
Mr. ChernIak was followed through
;he Carpathian mountains to Cahforhla
and to Alaska. He was man. accoro-
ing 10 the prospectus, who never careo
IL <xttrp
pictrred settling in New York working
dijigentlv for the freedom OF his native
land In April. 1920. he discovered
signs of gold and silver on farm lW
miles from New York city, and soon
was on the track for still richer de-
nosits'' The booklet said he FINALLY
satisfied himself that the richest ore
i'm the state was In Westchester county,
near Yonkers." and with Is. r. Shev-
chenko of AIS East Fourteenth street
and Col. /. A. Sdorkin organized COM
many among their Russian friends and
raised sis5,ooo.
seven Americasn Named.
Then the names of 100 persons-all of
thern Russian except -. Conner"-were
printed as founders of the "associa-
ton" and the prospectus continued:
"Ir, addition to the above there is
rroup of American business men. Henry
w. Sullivan, Edward O. Sullivan, Fran
els sullivan, Hubert McVey. Mr. Lough-
man. Peter Stanley and G. V. Gienning,
who assisted In the organization OF capl-
tai controlling lands valued at about
81 200. 600. They have organized the Iridio
Platinum Gold Company. Inc. with a
capital of $5,0O0.000 for one-fifth of the
nroperty bought by the above mentioned
members.
Fac-similes of reports from assayers
were included i'm the pamphlet. From
the Rodran Holding Company. SO East
Tenth street. Conner received report
signed by Richard Rodrian on October
19. 1921. reading thus:
III find that the ore from Yonkers
according 20 my process. assays as fol-
lows: Platinum 80 ounces value $2oS
gold. Az ounces value $S6.10; silver.
2S ounces. value $2s. Precious metal
value per ton total $322.10"
Ten Million Tons of Rock.
A letter dated october a6 and adj
dressed to Vastly Cherniak ty Richard
Rodrlan. read
"I have inspected your holdings at
Ncpera Park. Yonkers, ". y. and
am positive your property ocrtains at
least 100000 .ons OF rock containing
beyond doubt precious metals at value
Of from $500 to $500 per ton OF rock,
The tests ! have made are from my
process. as my statement will show"
Certificates Of assay were shown pur-
porting to come from John H. Banks &
Son. 26 John street the Balbach Smelt-
ing and Refining Company OF Newark,
Edwin c. Jordan OF Syracuse and other
metallurgists and assayers. None was
nearly 80 enthusiastic as Rodrian's.
Under the heading Practical Miners
Report" one s. T. Stafford OF Yonkers
was quoted as saying that "as practi-
cal miner for the last twenty-five years
was more than surprised on visiting
this company's property to find that
had been going thousands OF miles away
To find that had been going Just so
many miles ont OF my way TO try TO dis
cover the very metals which lay in such
abundance right here in my own home
town. have been in many Western
mining camps and have been IN many
of tho largest mines IN Montana aud
other Western states, but the ore body
wing In view on Thirty Deer Ridge Is