Carson daily appeal. [volume] (Carson City, Nev.) 1873-1877, 1876-04-27
A DOUBTING ABIGAIL.

The Silver City Reporter utterly dis
believes in the story that difficulty be
tween Jim Keene on the one hand and
Flood L O'Brien on the other is the
cause OF the great depreciation in the
stock market. On the contrary, the Re
porter believes that the whole affair is a
preconcerted movement, organized by
all the great holders of stocks. in order
to fleece and break outsiders, and that
this is done by the stock sharps and
mine controllers, who depend on just
such maneuvers as the present one for
making stock dealing anu mine owning
a profitable one. The Reporter says:
Without an occasional grand coup
retat in manipulating the price Of stocks
this class of men would find its avocation
too much encountered with honesty for
the rapid accumulation Of millions. 1t
would not do to allow the public to be-
come convinced that these occasional
breaks in the market were the work OF
few men who have the power to send
stocks up or down, as they please, when
combined for that purpose. Not much.
So. when there is q sudden break, with
no failure in the ore or bullion produc-
ton of the mines to superinduce it,
convenient excuse must be framed.
There is war between the bulls and
bears" 1.-The bank crowd and the Flood
L O'Brien crowd are at loggerheads,
and so on and so forth; and so, this
time. it is "that Jim keene is trying to
break the bonanza stocks and the Flood
& O'Brien party is in the tolls struggling
against him" Bosh, Does any sensi-
BILE man suppose that such is the case?
Mackey & Fair and Flood 4 O'Brien
have dollars at command where Jim
Keere hasn't pennies. and if it was a
genuine strife, could as easily souelch
keene as lion could devour a lamb.
No one knows this better than heene,
and with all his boosted shrewdnsss and
prestige as an operator. Flood i O'Brien
would be the last bulls that he would
lock horns with. Do you not suppose
these men know very closely what dis
position Of stocks has been made during
the last little squirt in the prices Of the
mines which they control, and Just about
how much money they can gather in by
sending the stock they have sold on a
rising market down to bedrock again:
The game is completely in their hands.
and they must take some tricks TO win
it. They take these tricks most always
by cold-decking the public. They
build market for the profit there is in
breaking it; and so it has gone, does so.
and will go on to the end. 1t is our be-
lief that if those who have bought stocks
and paid for them, or those who have
bought on a margin and can now put up
the requisite "mud" to gain possession
of the certificate, and hold them, have
nothing to fear. There is one class OF
people who cannot well escape being
sufferers. It is those who find it irlpos-
sible to NEE: the demands made by their
brokers for more money, for the reason
that their resources We're exhausted IL
putting up the margin on what WAS
deemed sure thing. This class will be
sold out and be compelled to sustain the
loss, hard as it may be. To our way Of
thinking, it seems a little strange that
these hsrdships pushed upon the miners
and workingmen right here at the foun-
tain heaC of stock operations, have not
taught the lesson to fight shy OF margin
ing costly stocks i'll the hope of great
gain in short space Of time.