The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1876-04-07
4 Big BonnnEl.
[san Francisco Stock Repon.l


kS4l AAANAAtS ShSSA t'slSa't1
Three years ago Mr.. G. D. 0'sullivan
paid $4,000 for 1900 shares Of Console
dated Virginia, which was then selling al
IS. Behold how great matter little
fire kindIe,h. This little nucleus OF less
than $4,000 was the germ Of mighty
fortune which has been steadily growing
for three years past. Mr.. OSullivan, an
nioyed ut the manner in which the market
seemed declining, spoke 10 MIR. Flood on
tho subject, and the Bonanza King, with
a limitless confidence 10 the future OF his
mine, attempted TO reasure the other,
and finally expressed bis readiness TO
purchase any quantity Of Consolidated
Virginia stock which might DO brought
TO him at $500. This offer Mr.. 0'Sulli-
van was at frat unwilling to accept, but
having taken a turn to reconsider the
matter, and noticing that stock continued
10 decline, concluded TO accept the Oaer,
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 Virginia was
good for evety dime invested in It, and he
was willing to make the Investment
There is always brilliant fRure for q
mine whose principal owners have such
implicit confidence in il, and as Mr.. Flood
signed the check for Mr.. 0'Sulliyan, and
thus in moment contaminated trans
action involving nearly half million,
he instilled by that single act a share Of
his own confidence into every one OF the
stockholders who arc holding stubbornly
to their securities through all this falling
market. The price Of Consolidated Vir
Vinia al the time was aucluating at about
S4l5, and OF course II would have been
impossible 10 unload 1900 shares with
out depressing the market, probably into
the three hundreds, while the sudden
purchase Of the same quantity would
have proportionally raised 1t. Four hun
dred dollars was, therefore, fair average
on the market price, and the purchase on
Mr.. Floods part is chiefly remarkable
as Indicating his bOundless conf.
dence in the wealth OF this mine.
His action must be extremely gratifying
to holders Of the securities. But 1t will
be- interesting to look into the profits real.
lied BY Mr.. o'Sullivan on his original
investment OF $780, At S400per share
he received for his 1900 shares $3.50, 600.
But at the time Of the division Of the
stock he seceiVed on his 1900 shares 696
shares Of California, which has since been
divided up five tor one, making $3.50
shares. Within the pastweek California
has been selling at prices varying from
SIS 10 sos. Taking the market value IN
round numbers at $50 per share, he holds
California TO the amount Of SIl3y2OO. In
addition TO this be has received in month
" dividend. on his 1900 shares Of Con-
solidated Virginia during the time he
has held them, $3.50 per share, or total
ofSl92,O0. From the aggregate OF Lhsse
sums We have to subtract tho sum oil $s.'
600 Maid for the original share', the first
and only expense, and tho remainder re-
presents the profits Of the transaction IN
three years. Tabulating the amount
Mr.. 0'Sullivan's account with Consolidate
cd Virginia stands thus:
Tiee resolved for 100 shares g
Value Of caliurnlas stock dlyidsnd-... ~ ~
htSeANS3tu NlfiVSuatssts 'sss''''''''s't''''"'" -
ro.sI,...................... SIS 90
Lesa BY pEsO 0EisaGlly PaiG.,,,..,,.,....... s,eS
Total proa., SOIS o;
To multiply ones original BY upwards
Of 100 in three years ID SatiSiactory
enough, and yet there we're times when
Mr.. O'SullivRn could have closed out oil
Consolidated Virginia with nearly double
tho profit.
These are the circumstances exactly a
they occurred, and they might be paral,
leled BY still more marvellous accounts o.
rapid and enormous fortunes made il
mining stocks, without ttespastnE on OF
even approaching the limits Of truth
Consolidated Virginia has made many Q
poor man rich aud vastly augmented The
fortune Of many rich man since TIRES