It exists no more. All mine development work ceased long ago. There are green-stained carbonates on the surface, but there are no copper ore-bodies. The "mines" have been dismantled of their machinery and other equipment, and not even a lone watchman remains to point out to the desert-wayfarer the spot on which was reared _the monumental mining-stock swindle of the century_. Every dollar invested by the public is lost. The dry, hot winds of the sand-swept desert now chant the requiem. Fix the responsibility here if you can. The job is not easy. Let me attempt it. The buccaneers who took Greenwater & Death Valley down to New York and allowed the public to subscribe for it with the name of Charles M. Schwab as a lure, at a valuation for the property of more than $3,000,000, and then ballooned the price on the curb until the shares sold at a valuation of $16,500,000 for the property, without an assured mining success in sight in the entire camp--these men, in my opinion, were criminally responsible. They have never been called to account. Members of the New York Stock Exchange who aided and abetted them by lending their names to the transaction, and Charles M. Schwab, who permitted the use of his name and that of his brother-in-law, are morally responsible. Not for an instant do I entertain the thought that the Stock Exchange crowd and Mr. Schwab realized that the mines of the company were absolutely valueless, but I do maintain that men of their standing and prestige have opportunities which men of smaller caliber do not enjoy and that their conduct for this reason was reprehensible to an extreme. THE SHAME AND THE BLAME I CITE the instance of the Sullivan Trust Company "falling" for Greenwater, after hesitating about embarking on the enterprise for weeks, and I am convinced that others fell the same way. The Sullivan Trust Company did not touch a Greenwater property until its clients and its clientele among the brokers throughout the Union had burned up the wires with requests for a Greenwater promotion, and when it did finally "fall" it lost its own money, the only other sufferers being a handful of investors who at the tail-end of the boom subscribed for a comparatively small block of treasury stock. Not all of the promoters "fell" innocently, however. There were half-baked promoters and mining-stock brokers in almost every city in the Union who had witnessed the enhancement in values during the Goldfield boom, and whose palms had itched for the "long green" that for so long came the way of men on the ground. These, at the first signal that the Greenwater boom was on, with Charles M. Schwab in the saddle, lost no time in annexing ground in the district with the single view of incorporating companies and retailing the stock to the public at thousands of per cent. profit.