Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1876-04-19
A Big Bonanza.

1nree years ago Mr.. I. -. O'Sullivan
paid s., 600 for 200 shares of CONSOLE
dated Virginia, which was then selling at
rs. Behold how great matter little
fire kindleth. This little nucleus of less
than SIC, 900 was the germ of mighty
fortune which has been steadily growing
for three years past. Mr. O'Sullivan, an
noyed at the manner in which the market
seemed declining, spoke to Mr. Flood on
the subject, and the Bonanza King, with
a limitless confidence in the future OF his
mine, attempted to reassure the other, and
finally expressed his readiness to purchase
any quantity of Consolidated Virginia
stock which might be brought to him at
$500 This offer Mr.. O'Sullivan was at
first unwilling to accept, but having taken
turn to reconsider the matter, and uotic.
ing that stock continued to decline, con-
cluded to accept the offer, and returning
told as much to Mr.. Flood The Bonanza
King did not weaken in the least; he had
dollars in the mine where the other had
cents, but he knew that Consolidated Vir-
ginia was good for every dime invested
in il, and he was willing to make the in
vestlnent. There is always a brilliant fu-
ture for mine whose principal owners
have such implicit confidence in it, and
as Mr.. Flood signed the check for Mr..
O'Sullivan, and thus in moment con.
summated transaction involving nearly
half million, he instilled by that single
act share of his own confluence into
everyone of the stockholders who are hold
ing stubbornly to their securities through
all this falling market. The price of
Consolidated Virginia at the time was
fluctuating at about $415, and of. course
1t would have been impossible to unload
1 200 shares without depressing the mar
ket, probably into the three hundreds,
while the sudden purchase of the same
quantity would have proportionately
raised it. Four hundred dollars was,
therefore, fair average on the market
price, and the purchase on Mr.. Floods
part is chiefly remarkable as indicating
his boundless confidence in the wealth OF
the mine. His action must be extremely
gratifying to holders of the securities.
But it will be Interesting TO look into the
profits realized by Mr.. O'Sullivan on his
original investment Of $500. At $500
per share he received for his 900 shares
x4S0, 600. But at the time OF the division
of the stock he received on his 200
shares 696 shares of California, which
has since been divided up five for one,
making $3.50 shares. Within the past
week California has been selling at prices
varying from $SS TO 1913. Taking the
market value in round numbers at 500
per share, he holds California to the
amount OF $3l3,200. In addition 10 this
he has received in monthly dividends on
his 200 shares Of Consolidated Virginia
during The time he has held them, $3.50
per share, or total OF $l92 900. From
the aggregate Of these sums we have to
subtract the sum Of $1,000 paid for the
original shares, the FIRST and only expense,
aud the remainder represents the profits
of the transaction in three years. Tabu.
lating the amount, Mr.. O'Sulivan's &C
count with the Consolidated Virginia
stands thus
Price received for 200 shares .... $ls0.CO
Value OF CALIFORNIA; stock dividend. go. $4,000
Received in dividends. ..............,.. 1880
Less by price originally paid. .......... $500
/ Total profits. ACKNOWLEDGEMENTS. SSi5,t0
To multiply ones original by upwards
of 100 in three years is satisfactory
enough, and yet there were times when
Mr. O'Suflivan could have closed out of
Consolidated Virginia with nearly double
the profit.
These are the circumstances exactly as
they occurred, and they might be paral-
lelcd by still more marvellous accounts OF
rapid and enormous fortunes made in
mining stocks, without trespassing on or
even approaching the limits OF truth.
Consolidated Virginia has made many a
poor man rich, and vastly augmented the
fortune Of many "a rich man since three
years ago. And there are plenty who
still maintain that there are mines still 10
be uncovered or developed which viii yet
do the same for as many more. Why not,
but who will be the lucky ones San
brancsseo Stack Report.
TIE cattle over the Platte, near Evans,
Col, are dying in large numbers from a