About a week after the publication of the editorial headed "Nixon a Senator with a Blackmailing Mind," when Goldfield Consolidated stock had slumped to around $7, the _Nevada Mining News_ in big bold-faced type urged its readers to place their buying orders for Goldfield Consolidated at $4 a share, saying that New York mining-stock brokers advised their clients that the stock would almost certainly go down to that figure because of the Senator's mistakes in the financial management of the company. That edition contained another editorial on Senator Nixon, headed "Branding a Bilker." It accused him of saying in his annual report a few months previous that payments of dividends on a regular basis would commence within a short time, and contrasted this statement with the signed interview published in the _Nevada Mining News_, in which he said dividends would be paid "whenever the trustees thought it wise to do so _and not before_." Within a day thereafter the stock "busted" wide open to $5-1/8 bid, $5-1/4 asked, and the whole Goldfield list smashed farther in sympathy. By June 8th Goldfield Consolidated had crashed to $4.50. On the dip from $7.50 to $4.50 an opportunity had been offered to Berney Baruch and his associates to buy back in the open market all of the stock they might have sold on the way down from $10 to $7.75, which was the option price. Then the stock was promptly manipulated back to $7. On the way back to $7, the outstanding short interest (of other traders who had accompanied the decline with their selling orders) was forced to cover. To help along the covering by outsiders up to the $7 point a report was circulated by lieutenants of Senator Nixon in Reno that a dividend would be declared before the end of June, and almost simultaneously the general manager of the mining company in Goldfield put forth a similar tip. As the market began to recover toward the $7 point, Senator Nixon went to San Francisco and was seen often at the sessions on the floor of the San Francisco Stock and Exchange Board. On the day before the bulge to $7 he was quoted in a San Francisco newspaper as saying that Goldfield Consolidated was such a good thing he would not take $20 per share for his stock. When the stock hit $7 and the shorts were being squeezed the hardest, Senator Nixon was quoted as saying in still another interview that a dividend was not far away. This interview was carried over the telegraph wires to all market centers by the Associated Press. At the same time a story was printed in the New York _Times_ saying that it was reported on the Street that J. Pierpont Morgan, acting for the Baruch-Ryan crowd, had taken over the control of the Goldfield Consolidated. The shorts were successfully driven to cover. Then the price eased off again in a day from $7 to $6-1/8.