Adventure, June 1911 — page 15: what you’re looking at

Machine-transcribed from the original scan — historical spelling and the odd misread are preserved.

My Adventufes with. Your-Money others, representing prospects, enjoyed pro- .’portionate advances. The Sullivan stocks were right in the ‘swim. Jumping Jack was in hot demand on*the*San Francisco Stock Exchange and New York Curb at 45 cents, Stray Dog at yo .cents, Indian Camp at 80 cents, and Eagle’s Nest at 50 cents. Subscribers to Indian Camp could cash in at a profit of *more than 200 per cent. “The country gave indications of going “Goldfield crazy.” My Goldfield publicity bureau was. working overtime. James Hopper, the noted fiction writer and maga- © zinist, ably assisted by Harry Hedrick and other competent mining reporters, was “‘on the job” and doing yeoman service. The news-columns of the daily papers of the country teemed with stories of the Goldfield excitement. People began to flock into the camp in droves. The town was a scene of bustle and life. Motley groups assembled at every corner and discussed the great production being made from the Mohawk and the ter- rific market advances being chronicled by mining stocks representing all sorts and descriptions of Goldfield properties. When- ever Hayes and Monnette, owners of the Mohawk lease, appeared on the streets, they were followed by a mixed throng of the -riffraff of the camp, who hailed them, open- mouthed, as wonders. The madness of speculation in mining shares in the camp itself was beginning to exceed in its intensity the exciting play at the gaming tables. There was a con- tagion of éxcitement even in the open spaces of the street. At each meeting of the Goldfield Stock Exchange the boardroom was crowded. The sessions were tempestuous. Every step and every hallway leading to the room was jammed with men and women over whose faces all lights and shades of expression flitted. ‘The bidding for mining issues was frantic. Profits mounted high. Every- body seemed to be buying and no one appeared to be willing to sell except at a big advance over the last quotations. Cas- tle-building and fumes of fancy usurped reason. Bank deposits -were increasing by leaps and bounds. The camp was rapidly be- coming drunk with the joy of fortune- making. Manhattan now shone mostly in the re- 201 flected glory of Goldfield, but Manhattan _ stocks were booming. This enabled the Sullivan Trust Company~to dispose of nearly all of its Manhattan securities which had been carried over after the San Fran- | cisco catastrophe and to pile up a great reserve of cash. A big demand was developing.for shares in Fairview companies. Nevada Hills of Fairview was selling on the stock exchanges - and curbs at $3 per share, or a valuation of $3,000,000 for the mine. Only a few months before it.had fallen into Goldfield and Salt Lake hands for $5,000. Fairview Eagle’s Nest, for which subscriptions had been accepted at 35 cents per shdre by the Sulli- van Trust Company, was selling at 70 cents on the San Francisco Stock Exchange. The Sullivan Trust Company announced the offering of 1,000,000 shares, embracing the entire capitalization of the Fairview Hailstone Mining Company, at 25 cents. The stock was purchased by us at 8 cents. We sold out in a week. San Francisco and Salt Lake were the principal buyers, and it was unnecessary even to insert an advertise- ment offering the stock. The brokers fell over one another to underwrite the offering by telegraph. PRIZE FIGHTS AND MINING PROMOTION po® a fortnight there was a lull in news of sensational gold discoveries, but the approaching Gans-Nelson fight, which was arranged to be held in Gold- field on Labor Day, September 3, fur- nished sufficient exciting reading matter for the newspapers throughout the land to keep the Goldfield news pot boiling. The Sulli- van Trust Company had guaranteed the promoters of the fight against loss to the extent of $10,000, and other camp interests put up $50,000 more. Gans, the fighter, was without funds to put up his forfeit and make the match, and the Sullivan Trust Company had also advanced the money for that purpose. ‘Mr. Sullivan became Gans’ manager. When Gans arrived in town Mr. Sullivan interviewed him to this effect: “Gans, if you lose this fight they’ll kill you here in Goldfield; they'll think you laid down. I and my friends are going to bet a ‘ton of money on you, and you must win.” Gans promised he would do his best. _ “Tex” Rickard and his friends wagered on Nelson. The cashier of the Sullivan Go DOOKS ANUC (C@