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 returned to London as soon as my business was arranged in San
Francisco. The boom times were still on. Speculation was running mad. I
was a trifle chagrined at losing the best property I had bonded through
the stubbornness of Baron Grant. This was the famous Raymond and Ely
mine. By the payment of $10,000 I had secured an option on this famous
property for sixty days for $900,000. I had cabled Grant about Raymond
and Ely, in order to hasten arrangements, as the time was short. He
answered that nothing short of 90 days’ option should be considered.
I tried to secure an extension, but was turned down. While we were
see-sawing over this and time was slipping by, the company offered
to return my $10,000 and let the option drop. Under the conditions,
I accepted the tender. Just a week later the Raymond and Ely bonanza
was uncovered, yielding millions in dividends. After that no one could
purchase it at any price. Whether the owners really knew anything about
this tremendous “strike” when they so generously tendered me the
return of my $10,000 deposit the reader can guess as well as I.
But that was a small matter, I had so many shots in my locker. Among
these was the famous North Bloomfield hydraulic mine. I had an option
on it for $600,000. In my judgment, which afterwards came true, it was
worth at least five times as much. One of the principal owners, Samuel
F. Butterworth, followed me to England. Talking of Baron Grant and his
power of fascination, I introduced him to Butterworth, who was an able
man, but cold and unemotional as fate, and after a ten minutes’ talk
the Baron had him spellbound. “There never was a human being like him,”
said Butterworth as we retired.
Baron Grant was measurably glad to see me, but not so cordial as
the circumstances led me to expect. I spoke to him about the North
Bloomfield mine and my desire to have the proposition laid before the
public without unnecessary delay, but he seemed singularly backward. At
last the cat escaped from the bag. He had violated his written contract
by agreeing to bring out another mining exploitation, ahead of mine.
But my indignation at his absolute lack of faith was nothing compared
with my astonishment--almost horror--when he told me that the property
he proposed to unload on the British public for a million pounds
sterling was none other than the Emma mine.
Public-domain text, read in full here on John Shaqi.
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