Carson City daily appeal. [volume], June 11, 1920, Image 3

About Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930

Image provided by: University of Nevada Las Vegas University Libraries

                
CARSQX CITY DAILY APPEAL, FRIDAY; JUKE 11, la. - ,
Amend Refused lh " . - iii
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By Ralph H. Turner, United Press
staff correspondent
MEXICO CITY, May 19, by mail.
Among the heroes of Mexico's latest
revolution record the name of Bruno
Newman, an American importer and ex
porter, who has made Mexico his home
for the past twenty years.
Newman, in his claim to fame, is in
debted to the avaricious designs of Sen.
or Venustiano Carranza and the men
who composed his government When
Carranza decided upon his fateful flight
toward Vera Cruz he reasoned, evident
ly, that inasmuch as he was moving his
government he should also move all
the loose change that was lying about
the capital.
One of the first sources of funds he
recalled was the million or so pesos
in gold which had been deposited in
trust to guarantee the issue of paper
money. The Chambers of Commerce of
Mexico had backed this issue on the
condition that one peso of gold should
be deposited for every peso of paper
that was printed; and the gold was to
be kept in a strong box under the su
pervision of a committee which the
chambers appointed. Newman, as a
member of the executive committee of
the American Chamber of Commerce,
was appointed to the committee.
Newman also was one of two men,
each of whom possessed half of the
combination that opened the safe con
taining the gold.
Early on the evening of Carranza's
flight, an agent from the department of
the treasury notified the committee that
it should turn over the funds to the
government authorities; he explained
that the government, in moving to Vera
Cruz, was taking all government ar
chives and funds and that the money
representing the paper issue also should
be carried along as a matter of course.
A lengthy debate followed. The com
mittee demurred, but it was growing
late and the government agent became
insistent By this time several other
officials had arrived to afford moral
support, or any other kind that might
be needed. The situation was delicate.
The Mexican member of the committee
who possessed one-half of the combina
tion to the safe weakened and produced
the mystic code. It was up to Newman
to produce his half.
"All right," said Newman, apparently
surrendering, "I'll get you the combin
ation. It's in my desk."
Newman moved to a rear office. The
government officials, in a jubliant mood,
awaited his return. Entering his of
fice and closing the door, Newman first
seized the books containing the records
of the Monetary Commission, the offi
cial name of the committee which had
backed the paper issue and assumed con
trol of the gold equivalent. Placing the
books under his arm, Newman consum
ed about thirty seconds in climbing out I
of a window and into the street. Hur
rying to a hiding place, he telephoned
his family to spend the night in an
another part of the town with friends.
The American spent the night in his
place of refuge.
The Carranza officials waited for
Newman's return with the combination
to the afe. Suspicious over the delay,
they soon discovered his flight but too
late, the villians had been foiled. Jack
Dalton had made his getaway! Cur
tain !
Newman ventured into the streets
when the last of the Carranza trains
left toward Vera Cruz. Today, as the
result of an American's daring and
quick thinking, Mexican paper money
' is still accepted at par. The gold is
still behind it
I Curran & Phipps I
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J T IS PROBABLE that no mining dis
covery of recent years in Nevada has
received such favorable endorsement by pub
lic officials, banking men and mining ex
perts as has the Broken Hills mine in the
new mining camp of Broken Hills in Church
ill County, 48 miles north of Luning and
63 miles southeast of Fallon, Nevada.
Governor Emmet D. Boyle states over
his own signature, after a personal examina
tion of the Broken Hills property, that "the
showing is the best I have seen in any new
territory in Nevada for many years." The
Chief Executive of Nevada is a wellknown
mining engineer of high standing and his
endorsement of mining projects, in their
early stages, is unusual.
Arthur Perry Thompson, far-famed as
a geologist at various times for the Ana
conda Copper Mining Company, the Davis
Daly Copper Company, the Utah Apex Min
ing Company and for Bulkeley Wells, presi
dent of the American Mining Congress, after
a ten-day examination of the property, also
reports favorably.
Geologist Thompson says that develop
ment work to date reveals the presence of
a vein of ore from three to nine feet wide
that "averages better than $15.00 per ton, as
the ore is broken down in the mine without
sorting,', that "the vein is 2100 feet long,"
and that "there are ore deposits parallel to
this vein on the property, one lense of which
spreads out over an area of 120 feet by 140
feet in its greatest dimension, another 55
feet by 130 feet, and further south on the
property repetitions of these lenses occur
on a large scale."
Mr. Thompson's completely favorable
report covers 25 typewritten pages.
V?7e CONDENSE from the reports of
eminent geologists, engineers and
other known experts who have recently
made personal examination, the following
description of the Broken Hills property.
The vein, 2,100 feet long, in the Broken
Hills mine, has already been developed
single-handed by the discoverers, Stratford
and Arthur, at its northern extremity, to
a depth of 150 feet.
This portion of the vein has been proved
along its strike for 350 feet by under
ground workings.
For another250 feet south from these
workings the vein has been developed to a
depth of 50 feet by several shafts to a point
where the vein is cut off by a fault and
" thrown westward to a new undeveloped posi
tion on the property.
In this fauted position where it is total
ly undeveloped, the vein can be traced for
ly500 feet further, or until another fault
cuts it off and throws it again westward.
From the partially developed portion of
the vein, which averaged five feet in width
down to the lowest level, more than 400
tons of high grade silver ore, averaging 130
ounces of silver per tone have been ex
tracted. In these same workings and on the
dump at the main shaft more than $100,000
in ore of a profitable grade is already blocked
out on three sides.
The vein from the lowest level up, aver
ages over $15,00 per ton as broken in the
mine without any sorting of the waste rock
broken with it.
Only a fraction of the exposed vein out
cropping has been explored. Where this
has been done the vein in the lowest work
ings has been proved to be wider and as rich
as it is nearer the surface.
Strong silver sulphide enrichment at a
depth of 130 feet in the vein gives every in
dication of persisting to great depths be
tween strong vein walls which are marked
by the most pronounced evidences of deep
seated origin.
Wide areas in the hanging-wall and
foot-wall of the vein are mineralized at the
surface in the form of shattered lenses of
ore that are measurable in hundreds of feet
and may mean, after development under
ground, another instance of masses of lower
grade ore such as have been exposed in the
late sensational developments on the Corn
stock Lode. -
The vein matter and country rock
strongly resemble that found with some of
the rich silver developments in Tonopah.
The property promises to develop, when
deeper and more extensive lateral work is
done to prove up the known veins and un
known parallel blind veins beneath the ad
jacent volcanic ash capping, into one of the
important silver producers of Nevada, many
of which in their infancy could not boast
of the silver developments now to be seen
at Broken Hills.
'J'lIE BROKEN HILLS SILVER COR
PORATION has been organized with
a capitalization of 3,000,000 shares to operate
the Broken Hills mine. Underwriting of 2,
000,000 shares of treasury stock by the
Fidelity Finance & Funding Company, to
net the Broken Hills Silver Corporation
$380,000, is for financing purposes, includ
ing acquisition of complete title, develop
ment of the mine to great depth and the
erection of a hundred-ton mill.
The president of the Broken Hills Silver
Corporation is Ed. Malley, Treasurer of the
State of Nevada. The vice-president is Gil
bert C. Ross, State Bank Examiner of Ne
vada. J. C. Goodin, cashier of the First
National Bank of Lovelock, Nevada, is
treasurer. C. E. Bingham is a director. Mr.
Bingham is a director of the Bank of Fallon,
Nevada. Eugene Grutt is secretary.
Arthur Perry Thompson, geologist, is
chief of mining staff. Mine superintendent
is William Frazee, formerly superintendent
of the Nevada Wonder mine.
Among the initial stockholders of the
Broken Hills Silver Corporation are the di
rectors as above named; Hon. Emmet D.
Boyle, Governor of Nevada; Herbert G.
Humphrey, capitalist, known as the biggest
individual land owner, mine owner, cattle
and sheep raiser in Nevada, and a long list
of other well-known and successful Nevada
mining men.
For purpose of distribution and popu
larization, we are making an initial offering
of a limited amount of stock of the Broken
Hills Silver Corporation at 25 cents a share,
prior to listing, and request IMMEDIATE
acceptance.
We Are In Touch With Happenings In the New
Sensational Nevada Mining District
and Solicit Your Inquiries
FIDELITY FINANCE
BC FUNDING . CO.
Entire Second Floor Herz Building
RENO, NEVADA