It was the common boast of the camp that George Wingfield had
"parleyed" or "pyramided" $1,000,000 which represented the profits of
his gambling place in Tonopah, into ownership of control along with his
partner Nixon, of the $36,000,000 Goldfield Consolidated. As heretofore
related, I had experienced a lot of hard luck in missing by a hair's
breadth, ownership of the Hayes-Monnette lease on the Mohawk and the
Nevada Hills mine, which would have increased our profits $8,000,000
more, but I felicitated myself that I had done very well by pyramiding
$2,500 into a half interest in a flourishing $3,000,000 trust company.
I was vain enough to believe that my achievement was as unique as that
of Mr. Wingfield, because he had had the influence of a United States
Senator and the money deposited in a chain of newly established banks
in Goldfield, Tonopah and other points to aid him in his operations.
Against this I had not only been compelled to rely on my own resources,
but was actually required to combat the work of black-mailers who from
time to time attempted to levy tribute. On my failure to "come through"
(I never did) they rarely hesitated to take a malevolent smash in print
at the Sullivan Trust Company, because in years gone by its active head
happened to have had a very youthful Past, even though they knew that
Past was no longer his and he had passed it like milestones on the way.
I AM LANDED HIGH AND DRY
The Nevada State election took place in November. The Democratic
ticket, headed by "Honest" John Sparks for Governor and Denver S.
Dickerson for Lieutenant-Governor, was victorious. The Republican
ticket, headed by J. F. Mitchell, a mining promoter and engineer,
backed by United States Senator Nixon, the Republican political boss,
suffered humiliating defeat.
Denver S. Dickerson was the candidate of the labor unions. During a
former labor war in Cripple Creek Mr. Dickerson had been confined in
the "bull-pen" when the Government intervened to quell the labor riots
there. Goldfield miners to a man very naturally voted for him. Governor
Sparks had accepted the renomination at the urgent request of the L. M.
Sullivan Trust Company, and his victory, as well as the complexion of
the ticket, was credited largely to the activities in politics of the
trust company.
The trust company, while not a banking institution in the sense that it
accepted deposits of cash from citizens of the town, having confined
its operations to the financing of mining enterprises, loomed large on
the political and business horizon because of its increasing financial
and political power. The trust company carried all of its moneys in
banks that were not affiliated with the Wingfield-Nixon confederacy and
worked at cross-purposes with it in this particular, too.
Public-domain text, read in full here on John Shaqi.
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