The first advertised offering of treasury stock of the Rich Gulch Wonder carried the names of forty leading mining-stock brokers, situated in various cities stretching from New York to Honolulu, who had signified over their signatures their willingness to undertake the sale of treasury stock at 25 cents per share on a basis of 20 per cent. commission. The first thousand shares of treasury stock at 25 cents was sold to Superintendent McDaniel of the Nevada Wonder mine. This convinced us that we had a good "prospect." I had my doubts about the successful promotion of any Nevada mining company at this period, because of the terrific slump which was transpiring in Goldfield issues and also because of the smack in the face that mining-stock investors had just received in Nipissing. It was my idea that if the Rich Gulch Wonder made any money for us the cashing would have to be delayed until mills were erected and the property became a producer. I was willing to go ahead on that basis. The sale of treasury stock was slow, but sufficient was disposed of to warrant the expense for mine development of at least $2,000 a month for six months, and that appeared far enough to provide for in advance. Pending the making good of this proposition in a financial way, I determined I would help finance a newspaper publication at Reno which would give to mining-stock speculators an unbiased statement of mining and market conditions as they existed. In the mining camps it was considered tantamount to financial suicide for the home publication to reflect on the merits of any locally owned property. Strictures were looked upon as "knocks," and "knockers" are taboo in mining camps. Moreover, mining-camp papers could hardly make both ends meet at the time without support from inside interests, and unprejudiced statements of fact that were detrimental to a local property could hardly be expected. Merrill A. Teague was made editor of the new publication, which was called the _Nevada Mining News_. Mr. Teague had just blown into Reno from Goldfield where he had been connected with the Nevada Mines News Bureau, a daily market sheet. Before coming to Nevada he had served in an editorial capacity on the _Baltimore American_ and the _Philadelphia North American_. Mr. Teague is the possessor of a facile pen. At $50 a week, which was his stipend at the beginning, I was convinced that the _Nevada Mining News_ had a cheap editor. When news was scarce he could write more about nothing than any man I ever met before. Incidentally, he could go further without finding a stopping place in a crusade than any man I had ever bumped up against. That was his drawback. However, compared with the work of other newspaper men then employed in Nevada, his stuff was in a class by itself and was commercially very valuable. TEAGUE ATTACKS SENATOR NIXON