At four o'clock in the afternoon I was in my room. Mr. Weir was at the
desk in the room opposite. The 'phone bell rang.
"Hello," I said, "who is this?"
"Campbell, at Manhattan," was the response.
"What's the news, Jack?" I asked.
"We've just struck six feet of $2,000 ore! It's a whale! Never saw a
mine as big as this one in my life! Don't sell any more Stray Dog under
$5 a share!" shouted Mr. Campbell.
"Bully, Jack," I said, "but keep that information to yourself. Don't
tell your mother, and don't let any more miners go down the shaft.
Close it up until I am able to buy back some of the stock I sold so
cheap."
Fifteen minutes later Mr. Sullivan and I met Mr. Weir leaving the room.
"Weir," said I, "your option on Stray Dog expires on the 15th at noon.
So far, your New York office has ordered only 85,000 shares of the
100,000 that were allotted to you. We have decided to close
subscriptions on the moment and wish you would wire your New York
office not to sell any more."
"You are wrong," said Mr. Weir; "why, when I left New York we had
oversold our entire allotment! If the office has not notified you of
this, it has been a slip. We will, in fact, need at least 25,000 shares
more."
"You can't have them," said I.
"Not in a thousand years!" put in Mr. Sullivan.
Mr. Weir sent a bunch of code messages to New York. All the next day
Mr. Sullivan spent with Mr. Weir. He allowed Mr. Weir to cajole him
into letting him have the entire block of stock. Finally, it was agreed
between Mr. Weir and Mr. Sullivan that Mr. Sullivan would give him the
additional stock whether I consented or not. Surreptitiously, according
to Mr. Weir's idea, Mr. Sullivan was yielding to him, without my
knowledge and against my wishes.
Next day the Sullivan Trust Company shipped to Mr. Weir's firm in New
York 25,000 shares of Stray Dog attached to draft at 45 cents a share.
The draft was paid. The avenging angel kept hot on Mr. Weir's trail,
for right on the heels of the New York broker's Stray Dog purchase came
a calamity which almost obliterated the market values of Nevada mining
stocks and particularly those of the shares of Manhattan mining
companies. San Francisco was destroyed by earthquake and fire. Not less
than half of the capital invested in Manhattan stocks had come out of
the city of San Francisco. The earthquake was fatal to Manhattan.
Public-domain text, read in full here on John Shaqi.
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