The great diamond hoax : $b and other stirring incidents in the life of Asbury HarpendingHarpending, Asbury
History
The great diamond hoax : $b and other stirring incidents in the life of Asbury Harpending
Harpending, Asbury
Brannan, Sam, 1819-1889; California -- History; Latter Day Saint churches -- California; Mines and mineral resources -- California
What became of Slack? That was a question often asked, but never
answered in a satisfactory way. As I said, the last time I ever saw him
was when I left the diamond fields with the Janin party. He and Rubery
remained behind. When these two separated Rubery came to San Francisco,
while Slack took an eastbound train. Many attempts were made to locate
him at a later day. He was heard from at various points--St. Louis, New
Orleans, Memphis and Mobile. Always it turned out to be another Slack.
Finally the impression became general that he must have gone abroad and
hid his identity in another land.
But the strange part of it was that Arnold had all the money, or
nearly all of it, as appears by his signed statements and later by the
inventory of his estate, which corresponded. Granting every possible
contingency, the share of Slack was either practically nothing or very
small, not to exceed $30,000 at the utmost. As they always figured as
partners, and as Slack, though not the spokesman, appeared a man of
force, I have always considered that a deep mystery hung over his fate.
It seems not unlikely that he died somewhere in the Western country,
probably among strangers, and never participated in the profits of the
diamond fraud at all.
CHAPTER XXXIV.
DIAMOND FRAUD LOSS FALLS ON SHOULDERS OF ORIGINAL DUPES;
RALSTON REIMBURSES ALL STOCKHOLDERS.
_Gossips Make Unjust Charge Against Men Who Acted in Good Faith and
Were Deceived by Swindlers._
The losses growing out of the diamond fraud fell on the shoulders of
the original dupes--W. C. Ralston, William M. Lent, George Dodge and
myself. My impression is that the money obtained by Mr. Lent from
Arnold very nearly, if not quite, balanced his account. Perhaps he may
have given a portion of this to General Dodge, his business associate.
Mr. Ralston promptly paid the twenty-five stockholders who subscribed
$2,000,000 for a half interest in the company, dollar for dollar. Not a
man of them lost a cent. This involved a sacrifice of the last $300,000
paid to Arnold and Slack. Mr. Ralston had the receipts in full of the
various parties neatly framed and I am told that it was one of the
mural decorations of his private office in the Bank of California. The
remaining balance of loss was borne by Mr. Roberts and myself.
The diamond fraud story has covered acres of newspaper space. This,
however, is the first time that the narrative has been told from start
to finish, all the facts assembled in connected form. From what has
gone before, certain points stand out in bold relief.
Public-domain text, read in full here on John Shaqi.
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