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
Hitherto there had been no attempt made at organization. It was
generally understood that Ralston, Lent, Roberts and myself owned
three-quarters of the properties by virtue of money already advanced
and to be advanced. For that there seemed to be ample security in the
gems we held. The last invoice alone appeared to be security many times
over for our cash outlays, to say nothing of the probable value of
the diamond fields. So we prepared to get our affairs into business
shape, without further delay, and for that purpose held a meeting at
which all concerned were present. The plan of action was to follow
these lines: First we were to send a large sample of the diamonds to
Tiffany, of New York, then, as now, the greatest American authority
on precious stones, and have them thoroughly examined and appraised.
If their value were proved beyond peradventure, then Messrs. Ralston,
Lent, Roberts, Dodge and myself were to choose a mining expert to whom
Arnold and Slack agreed to exhibit the diamond fields and permit a full
examination of the same.
Nothing could possibly be fairer to all, and Arnold and Slack easily
consented to these conditions, without a moment’s hesitation. On the
favorable outcome of the valuation and the engineer’s report concerning
the diamond deposits, we agreed to take care of the financial end.
Not connected with any agreement with Arnold or Slack, was a plan to
facilitate the passage of a law whereby a great territory of mining
land could be taken up so as to insure to ourselves the entire field,
no matter what the extent. The outline of a corporation was sketched,
with a capital stock of $10,000,000 and the allotment of shares to each
arranged and defined.
These preliminaries being settled, we set out for New York without
delay. In the party were William Lent, General Dodge, Rubery, Arnold,
Slack and myself. It had been arranged beforehand in a general way that
Mr. Lent should be president and myself general manager.
We first retained Samuel Barlow, a leader of the New York bar, as
general counsel. Mr. Barlow’s reputation as a sound business adviser
was no less assured than his standing as a great trial lawyer. On his
advice we added General B. F. Butler to our legal staff. I had some
southern prejudice against Butler on account of the spoon story in New
Orleans, but when I came to know the gentleman I found him to be very
companionable and quite a social genius in his way. A side reason for
employing General Butler was because he was a member of Congress and
perhaps able to aid us materially in legislation needed to acquire the
diamond fields, as later proved to be the case.
Public-domain text, read in full here on John Shaqi.
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