After the Goldfield boom had gained terrific headway, during the Fall of 1906, when Mohawk was climbing from 10 cents per share toward the $20 mark, which it reached during the climax, the Cobalt mining-stock excitement spread like wildfire. A sudden demand sprang up for Nipissing shares. Mr. Thompson, about this time, connected himself with the old established and conservative banking house of C. Shumacher & Company on Wall Street. The affiliation was calculated to give the promoter of Nipissing stock much standing. The move served well its purpose. The public grabbed at the shares. The price jumped to $4.50 in a jiffy. Mr. Thompson began to let go of stock after the $4 point was reached. He was making a killing, but fed out his optional stock very cautiously at the rate of about 5,000 shares daily, each day at an advance. By the time the price reached $7 Mr. Thompson got suspicious. There was something about the play he could not understand. He had not found it necessary to do much "laundry" work on the Curb market. Every time he offered stock it was lapped up silently and completely. Every time his brokers opened their mouths to sell the certificates they were gobbled. Mr. Thompson stopped putting out any more stock and streaked it up to Cobalt to see what was going on. He had a hard time laying hold of the inside facts, but learned enough to satisfy himself that rich ore had been encountered at depth. He discovered on his return to New York that Captain Delamar had been buying that cheap stock through S. H. P. Pell & Company and was even then the heaviest individual holder, a position contested only once during the whole campaign, and that by a rank outsider operating through Eugene Meyer, Jr., whose name has never been publicly mentioned as having anything to do with the gamble. This "unknown" was a quiet, mild-spoken, college-bred gentleman. He pulled down $1,500,000 in Nipissing--and kept it. Upon the return of Mr. Thompson from Cobalt the promoters warmed up to their job. The manipulation which had been begun in a comparatively modest way now showed the spirit of the gambler who plays "the ceiling for the limit." New market-boosting accessories were called into use. They did their work. The game waxed hotter and hotter. THE GUGGENHEIMS ENTER NIPISSING