We thereupon notified Dr. Lyman that we would discontinue the sale of
the stock until such time as the property gave better indications of
making a mine.
A few weeks later Dr. Lyman entered my private office unannounced. At
this period Jumping Jack, Stray Dog, Indian Camp, and Eagle's Nest were
all selling on the San Francisco Stock Exchange at an average of 35 per
cent. above promotion prices. The L. M. Sullivan Trust Company was
"making good" to investors. Bullfrog Rush had not yet been listed, and
we were afraid to give it a market quotation.
"I have formed here in Goldfield the Union Securities Company," Dr.
Lyman said, as he sat down close to my desk, "and I am going into the
promotion business myself. I don't believe a word of the reports you
have that the Bullfrog Rush is a failure. I am going on with the
promotion."
I protested. "We shall not permit it," I said. "Governor Sparks, who is
the best friend the Sullivan Trust Company has, accepted the presidency
of the Bullfrog Rush on our assurance that the property was a good one.
John S. Cook, the leading banker of this town, accepted the
treasurership on the same representations. Mr. Sullivan, president of
this trust company, is vice-president of the Rush. We are 'in bad'
enough as the matter already stands. Don't dare go on with the
promotion at this time."
Dr. Lyman left the office without uttering a word.
Two days later I received a dispatch from Governor Sparks saying that
a full-page advertisement of the Union Securities Company had appeared
in the _Nevada State Journal_ at Reno, offering Bullfrog Rush stock
for subscription. The Governor protested vigorously against the sale
of the stock. We had previously informed him as to the new conditions
which prevailed at the mine.
I sent Peter Grant, one of Mr. Sullivan's partners in the Palace, to
Dr. Lyman to protest. The answer came back that the _Nevada State
Journal_ advertisement was about to be reproduced in all the
newspapers of big circulation throughout the East, and that the orders
for the advertisements would not be canceled. Half an hour later Dr.
Lyman entered the office with Mr. Grant. Mr. Grant looked nettled. Dr.
Lyman glowered.
I bade Dr. Lyman take a chair.
"If you move a finger to stop me," he said, as he sat himself down
before me, "I'll expose every act of yours since you were born and show
up who the boss of this trust company is!"
Public-domain text, read in full here on John Shaqi.
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