Adventure, June 1911 — page 6: what you’re looking at

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

192 promotion in which I hgured for the frst time as promoter, I was flushed with success. The L. M. Sullivan Trust Company, just organized by ‘me, swung into business. Mr. Sullivan was president and putative head. I was vice- president and—boss. | The paid-up ‘cash capital of the trust company was $250,000. This represented the joint profits of L. M. Sullivan and my- self in the whirlwind promotion of the Jumping Jack Manhattan Mining Company and of some quick-as-lightning speculation in other Manhattan mining securities. The entire capital had been got together within thirty days, and all of it represented profits. Mr. Sullivan was principal owner in the Palace gambling house, the second largest institution of its kind in Goldfield. Every- body in camp knew this. Mr. Sullivan’s gambling-house affiliation was not, how- ever, considered a drawback to the trust company. George Wingfield, vice-president and heaviest stockholder of the richest bank in Goldfield, was a gambler, and Mr. Wing- field also owned extensive interests in the mines. Owners of gambling places stood as much for financial solidity in Gold- field as did savings-bank directors in the. Fast. As for myseli, I was unafraid. I vowed { would henceforth prove an exception to the mining-camp rule and quit all forms of gambling. My new position demancled this. — And I found it easy to obey the seli- imposed inhibition. Soon the stock-market operations of the trust company gave my speculative instinct all the vent it could possibly have craved under any circum- stances. A few days later the sobering sense which impelled me to resolve that I must absent myself from gaming tables evolved into a stern ambition to accomplish big things for the trust company. I went about my business like a man who sees dazzling be- fore him a golden scepter and who is imbued with the idea that if he exerts the power he can grasp the prize. It had been agreed that the trust company would specialize in the promotion of mining companies, and [ determined that the trust company should conduct its business as a trust company ought. John Douglas Campbell, known on the Adventure desert as plain “ Jack’’ Campbell, was en- gaged by the trust company as its mining adviser. and mine manager. We agreed to pay him a salary of $20,000 a year, with a bonus of stock in every new mining company we promoted, a stipend which was later found to be equivalent to $50,000 a year. Mr. Campbell had been iucitified with Tonopah and Goldfic 1 mining interests for three years, and was favorably known. For eight years before coming to Tonopah he was employed as a mining superintendent in Colorado by. Sam Newhouse, the multi- millionaire mine operator of Utah. In Colorado Mr. Campbell’s reputation had been good. On coming to Tonopah he was employed by John McKane, then associated with Charles M. Schwab. Later he was placed in charge of the Kernick and Fuller- McDonald leases on the Jumbo mine of Goldfield from which, during a year’s time, $1,000,000 in gold was taken out. After that Mr. Campbell took hold of the Quartz- ite lease at Diamondfield, near Goldfield, and he produced $200,000 in a few months from that holding. He followed this up by a record production from the famous Reilly lease on the Florence mine of Goldfield, amounting to $650,000 in two months. It was within thirty days of the date of expiry of the Reilly lease that Mr. Campbell was induced to take charge of the mining depart- ment of the trust company. YA MR. CAMPBELL’S advent as our 2 mine manager was immediately re- * flected in the stock market by the advance of Jumping Jack Manhattan Min- ing Company shares, which were now regu- larly listed on the San Francisco Stock & Exchange Board, to 40 cents per share, up 15 points from the promotion price. The sharp rise wrought an undoubted sensation in stock-market circles. Brokers in the cities who had sold Jumping Jack to their customers clamored for a new Sullivan pro- motion. Any new mining venture for which the trust company would stand sponsor was assured of heavy subscription and a broad public market. TRYING IT ON THE STRAY DOG HE Stray Dog Manhattan mine was furnishing daily sensations in the wayof frequent strikes of fabulously rich ore. 1! urged that, no matter how small the profit, Go DOOKS AMC (C@