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
And even admitting all that his traducers charge, after death had
silenced his voice forever, I would still say that he deserved a
statue in Golden Gate Park as the most effective friend the State of
California ever had. But before I close this story I hope to make it
plain that a cruel wrong was done his memory and let the truth come out
at last.
CHAPTER XVII.
SHARON, TOO, BECOMES ASSOCIATE OF FAMOUS PIONEER; THIS CHAPTER
TELLS HOW GREAT PANIC WAS AVERTED.
_Ralston Lays Foundation for Huge Fortune of D. O. Mills by Making Him
a Bank President_
Ralston had two business associates--I might almost call them
familiars--William Sharon and D. O. Mills. D. O. Mills was a man of
some fortune, worth perhaps half a million dollars. He was about to
leave for the East to settle down somewhere under his own vine and
fig tree, when Ralston took him up. The latter was just organizing
the Bank of California, had no ambition for titular dignities, and
offered Mills the place of president. He promised that the job would
be a sinecure--that he would do all the work. Mills accepted. That
was the foundation of his huge fortune. But he was a mighty cautious
speculator in those days. He tried his hand at a number of ventures,
sometime invested large sums, but always required a guaranty against
loss. Strangely enough, this used to be given him often, because of
the conservatism associated with his name. That, however, did not
last long. He became a bold, ambitious, original operator on his own
account. He had fine personal habits, but was just the opposite of
Ralston--unemotional, cool-headed and austere.
[Illustration: D. O. MILLS
First President Bank of California, a financier of national repute]
Sharon was quite a different character. He was from the same part of
the Northwest as J. D. Fry, an uncle of Mrs. Ralston, and so received
a favorable introduction to the famous financier. Ralston sent Sharon
to Virginia City during the early flush times as an agent for his
mining interests, and when the Bank of California was organized and a
branch located on the Comstock Lode, Sharon became manager, a position
of great prominence and power. He was a daring, spectacular plunger,
though a very shrewd one, made big money from the outset and with his
general foreknowledge of conditions really took no chance at all on
great stock market deals. With unexampled rapidity, he accumulated
a fortune of millions. Having no pet hobbies to interfere with
accumulating money, before the ’60s were over both Mills and Sharon
probably possessed larger fortunes than their chief.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account