Lyon County times. [volume] (Silver City, Nev.) 1874-1907, 1876-08-09
FINANCIAL WRITER'S.


,nfielity of certain financial writer
for the Tendon press. The financia
editor OF The Times was hribed out
right, and the influence OF all his co
workers in London WAS secured fol
the small sum OF $500. This wa.
selling out al very low rates, when il
is considered that those editors have
the power 10 ruia any new enterprise
by merely letting it alone. The New
York psper takes occasion t. show,
apropos of the London exposure,
that nearly all the financial writer's
that have Appeared from time to TIA
on the stats of its contemporaries
Z have retired from the business after
short while Of toll as rich men,
while writers ia other departments OF
,ae same papers have Struggled along
and are still struggling. The Tribune
oace had a financial editor named
Saow, who, receiving salary Of but
Ss5 per week, died worth Sa5o,G0o
This showing should detract from
the value of the financial columns
Of papers in general, and especially
in thnse of London and New York.
But il is hard to convince the public
that something they have become
used - and have learned to admire is
fraud. Aad even If you succeed Ia
convincing large number or nearly
all VINO have been guided by some
plata trick that they have been toe
creiulous, in "a short while the
chances are they will return To the
d,lusioa, and deneunce the expaser
US himself hpmbug Ii this were
not the case those grea. financial
schemes, studied up t. catch the
mass of unihinking people, would
never succeed. Flood Il 0'Brien,
Jim keene, Lucky Baldwin and the
rest of them at San Francisco would
act be able 10 hoodwink the people
0f this coast on an average of once
wear if the assertion above were aot
fact. Has it occurred II anyone
what method Jim kecne Will devise
next spring or summer, when he will
have sold aux all his shares in an iu-
tesmedi,ie rise. to lessen confidence
in the Cams,ocs miaesl And has
any one thought how the public will
believe whatever he may say, and
rush - sell gu: before the prnic
which he pictures comes-.heresy
creating the very panic they would
svoidl jim kecne or some other
stock msu will DO it as sure as the
time comes, and the public will be a
prey to his plans, even though the
las; operation Of the same surt he
deliberately expressed,
Speaking about tn selling out oi
financial writers in London and the
mysterious gettiag rich of the same
class of literary financieFs in New
York, brlngs 10 mind the question of
how much has been made by writers
on mining stocks in san Francisco
and those who grind cut the mining
reviews or the Clmstock. The for
mer seem to have as good field AS
NJ. Sow did while ON The Tribune
in New York. Tae man Who writes
the stock revie as fne The Chronicle
ought by this time to have t fae resi-
deuce in Oakland and q be sur
rounded with all the comforts that
sppertain - the life Of plat
Upon the heels of this question
comes its corollarv of how May pea
pie believe in what these stock writ
ers say. We imagine there are just
several thousands ~ho are guided by
them. Those who pm, together the
mining reviews have less oppnrtu-
nifty to initiate their brethren of
New York aad London than the lite
rary stock shsrps of San Francisco,
because their influence is more
limited. A mining review, inasmuch
as it comes in every case from the
superintendent ;s;;sa...aa:s oe :a.c mines mines, IS
about as scnseless and altogether as
useless thing as can be put in pa
per. All mining men regard it SO.
We believe, however, that Il grea,
many make investments upon these
possibly, yes, quite probably, facsi.
tious reports. Maybe in the nex'
century people will lie able to detect