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
I had several experiences in the easy-money line, but this put them
all in the shade. I was confident that my mission in life was to place
American mining securities on the London market. Baron Grant and myself
entered into a written agreement. I was to secure options on high-class
mining properties. I had in mind the Raymond & Ely, North Bloomfield,
Eureka Consolidated and Zellerbach mines. Grant, on his part, agreed to
handle no other mining properties but mine. With this understanding,
I did not even wait for the Mineral Hill melon cutting, but set out
post-haste for San Francisco to lay in a new stock of options for the
foundation of wealth beyond the dreams of avarice.
The news of my success in placing the Mineral Hill mine in London
had made quite a stir in my home town and I was deluged with offers
of mining properties, good and bad. Quite a jubilee occurred when the
first half million dollars on account of the purchase price for Mineral
Hill was made payable at the Bank of California. The directors of the
company were so enthusiastic that they voted themselves $5000 each as
a “souvenir” and added a “souvenir” of $25,000 for the president. The
other $500,000 arrived in due season, but the sordid stockholders,
who seemed singularly devoid of imagination, objected so strongly to
“souvenirs” that this feature of the celebration was overlooked.
I had no difficulty at all in securing options on several of the
most assured mining properties of California and the Pacific Slope.
From these alone I figured to make millions, judging by the history
of Mineral Hill. Figuring on a prolonged stay abroad, I broke up my
residence in San Francisco, gave Maurice Dore a power of attorney to
manage my local interests, and left with my family for London, to
change paper into gold.
CHAPTER XXIV.
BARON GRANT DEMANDS MORE TIME, THEREBY KNOCKING OUT OPTION FOR
MINE THAT SOON DEVELOPED BONANZA.
_Exploiter Breaks His Promise and Litigation Follows; Public Fooled
Into Buying Worthless Securities._
Public-domain text, read in full here on John Shaqi.
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