Pioche daily record. [volume] (Pioche, Nev.) 1872-1876, 1873-06-24
Suspension of j. b. Il. Cavalier.

Quite a fiutter was created in Phoebe
yes.erdav morning on II becom;no known
maj o. D. e. oa'aiier' STOCK oroKer'
had suspended business. A large num-
Der of people had business relations with |
Cavol,;er AMI 90 ,,o,.so a, ,., hoo
=. e''o ga '"'n '.""'
considerably agitated; they communicat-
ed their feelings to their friends and
aeouaintonces wboalso bacame ;nfactad
- a., !.
anu 'ooi 'h' iiia''ei oeo"ihe III eA'ninS
topic OF conversation on the streets, in
the saloons, at business houses-in fact
all ovar town 7, wac reno,,ed and no
I;evad by ,nonr tbot az olorL 90 th.
ot4;oo bad Aod ~ on oori,, horr i, ~
mnrnina. hut tb;s WAS sbown ~ ba onIu
one of t6e MANY stories c;rcnlatsd dnr;n1
times Of GREAT excitement There WERE
even some ;ntimations of a resort IN VIC.
lence. but the idea of such an unwise
course was entertained by only few.
and was soon DISPLACED by the sober
second thought. During the day a suit
by attachment was instituted in the
District Court by Henry Prudential,
who claims an Indebtedness of So, 500,
and another suit entered in Justice Stout.
enburgh's Court for smaller amount.
These attachments were Immediately
served = Freudenthal's being first in
order-and the brokers' Office, together
with the safe and moneys therein,
stocks, books, accounts, and assets OF
all kinds, was taken possession of BY
the Sheriff. W. W. Bishop ESQ, one
of Mr.. Cavaliers attorneys, allows us to
publish letter from their client, which
we append hereto, as affording an inter-
esting piece of intelligence in connec-
ton with the affair. Bishop Il Sabin,
the attorneys, authorize us to say that
as soon as thew can ascertain from the
book-keeper the financial condition of
their clients business in Phoebe they
will make a settlement with his creditors
here. In the meantime they desire all
claimants to present their claims, to the
end that they may be included in the
assignment. Following is Mr.. Cavaliers
letter, previously referred to:
SAN FRANc1sco, June IS, 1873.
WV. BIsHop-Dear Sir: This letter
will bring to YOU sad record ON nv &C.
count, and take the liberty to ask your
help and influence to assist.me in the set
Element of nv difficulties. am Obliged
toliauidate nv brokerage Office in Phoebe,
and without knowing exactly vet the
amount of nv liabilities, l suppose they
will range from SIT 900 to $50. 600. 1
have been involved in heavy losses, not
through any speculation, as l never
bought or sold any stock for nv account,
2 but through advances made by me to eli.
ents in Phoebe in February and March
last.
In March last the partv carving stocks
for me in San Francisco. sold me ont
without notice, according TO the usual
form of notes signed by the party Dor.
rowing to the lender. and as was at the
F; time carving probably over 400 different
accounts in Phoebe, | would have had to
resort to the same harsh measures to pro-
tect myself in the premises. l did not
: do il Thought best to carry nv clients
at all risks, and in case Of loss to
pocket it myself and to have, ANYHOW,
> the good will of everybody. At that
t time Meadow Valley was as low as $40,
" and had bought largely for Phoebe at
1913 and $50. Over 5000 shares carried
t by me were sold from Sl3 to S1O1s.
l managed since then to settle up all
that l could, relying all the time on an
advance in the Kentucky stock or com.
( promise with the contendinp parties. to
enable me to replace the stocks sold
y when | had vet at the market price OF
t the day was sold, a margin to my credit
S of from 25 per cent. to 30 per cent. NV
great object was and now is to raise
enough money to meet all my liabilitie.
in Phoebe. and l would be glad to do i
!. without expecting to make cent Tor my
II self.