Nat Goodwin's BookGoodwin, Nat. C. (Nathaniel Carll)
General
Nat Goodwin's Book
Goodwin, Nat. C. (Nathaniel Carll)
Actors -- Correspondence
Then it was I determined to continue for I knew we had the goods and
had been "on the level." But the market looters were inexorable and
showed no mercy. They broke our stock in one day from $1.50 to 60
cents. My partner, the man with a youthful Past, stood by his guns.
Instead of allowing the stock to tumble and against my advice, he
bought every share as fast as it was offered with the result that we
found ourselves owners of hundreds of thousands of shares of stock
bought at prices ranging from $1.50 downwards which we could not
readily dispose of again, because of the slanderous utterances of the
destroyers.
This sportsmanlike act of my partner was repeated on another occasion,
a few months later, during the marketing of Ely Central stock. The
conspirators finally used a "pull" in Washington and succeeded in
getting the Federal authorities to close-up the business. Rawhide
Coalition, according to latest information, is earning $200,000 a year
now (1913-14). Ely Central has been "grabbed" and will be merged with
the Rockefeller-Cole-Ryan owned Giroux, its neighbor.
I had learned months previously that there was a plot on foot to
put our firm out of business and the identity of the big interests
behind this scheme thoroughly impressed me. The suggestion that I "get
out" while the getting was good appealed to me strongly. But first I
acquainted my partners with the facts. The man with the past was as
stubborn as he was honest. He knew we were dealing honestly with the
public and he was bent on standing by his guns and proving it. I knew
the sword of Damocles was hanging by the slenderest of threads--and
resigned.
Eighteen months later the offices were the scene of a sure-enough,
wild-Western raid. All the staff was placed under arrest and indicted
by the grand jury. It cost the government several hundred thousands of
dollars to put that partner of mine in jail for six months, but they
did it by main force and broke him first. The combat was an uneven
one, and the "government" practically confessed before the trial was
finished that they had been unwittingly used to do a "job" for Wall
Street. The only crime my partner was guilty of was telling the truth
and trying to protect his customers.
I have set this down, not so much as autobiography as a vindication for
a man who insisted on being an honest man, no matter what the cost!
Also I have wished to disabuse some of my friends of an impression that
I made a fortune out of my adventure into the mining game. I didn't
make a fortune. I lost one!
_Chapter LXXII_
THE FIVE FATEFUL FISH CAKES AND NUMBER FOUR
Public-domain text, read in full here on John Shaqi.
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