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
Therefore there could not have been selected a better equipped expert,
so far as the financial world knew, to settle finally the existence
of the diamond fields. Mr. Janin was interviewed. He was a man of
big affairs, whose time was well occupied. But he agreed to make the
examination provided the time to be consumed did not exceed a month. He
was also a very high-priced professional. His best terms were $2,500
cash, all expenses paid, and a right to take up 1,000 shares of the
stock at a nominal price. I may add here that Mr. Janin later on sold
his stock, while the excitement was in full bloom, for $40,000. Mr.
Lent rebelled and protested against this arrangement as excessive, but
was overruled. He and I afterwards purchased Mr. Janin’s stock.
At this stage of the proceedings Arnold became restive. He said he was
placing his property at the mercy of others without proper security,
that what he had received was a trifle compared to the value he was
about to disclose and that he must have a further guarantee in cold
cash. He named a hundred thousand dollars as the amount that must be
paid down, but agreed to let it remain in escrow, pending Mr. Janin’s
report. Some quick writing went on between Mr. Lent and Mr. Ralston, as
the result of which the latter transmitted the amount by telegraphic
order; Mr. Lent holding the diamonds appraised by Tiffany at $150,000
as a further and final security. This was not exactly according to
program, but the transaction was fairly business-like and did not
present itself as a hold-up.
All our arrangements and differences in New York were settled in a very
brief space of time and we set out in high spirits on the way to the
mysterious diamond land. The party consisted of Henry Janin, General
George S. Dodge, Alfred Rubery, myself and Arnold and Slack.
CHAPTER XXVIII.
DISCOVERERS OF FIELD OF DIAMONDS FINALLY LEAD THE PARTY OF
INVESTORS TO THE SCENE OF WONDERFUL FIND.
_Pick Turns Up Many Fine Gems, and Expert Grows Enthusiastic as He
Figures Out the Profits._
Our friends in San Francisco had, of course, been advised by wire of
our transactions and movements, including the date of our departure.
We had not journeyed far before we received on the train a telegram
that George D. Roberts and a considerable party were on the way to
join us to visit the diamond fields and would meet us, if I recollect
aright, at Omaha. Here again, Arnold absolutely rebelled. He had kept
all his engagements, he said. The diamonds had been appraised by an
expert of our own selection. He was now on his way with the mining
engineer chosen by us and with the appointed representatives of the San
Francisco interests to exhibit the diamond fields and permit any kind
of examination we wished to make; but he was not willing to expose his
hand to the whole world until other business arrangements were complete.
Public-domain text, read in full here on John Shaqi.
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