Daily Los Angeles herald., 1878-12-13
| r..sas coast. rr.s,eo- Coined,

In NO section Of the globe has
there ever been . finer field for q
novellst like Dickens than In CAL
lfornia. All the stcck-jobbing
sshsmss nurtured in tho mind of
that great English master OF fic-
zion, from his "Crumpet" baking
vlsIong to The high-toned vagaries
or his Tigg Montague, are as moth
Ing to the emanations of Pine and
California streets. " Eclipse is
llrst and tho rest nowhere" will ap-
ply to the comparison. The Cali
fernia sharper is 20 inexpressibly
ahead Of his European compeer,
from George Law of old times
down to Perelere Of modern times,
that 1t 10 labor wasted to seek to
ascer tain the gradations.
Some time in June of the present
year the last dividend was paid Oh
tho Consolidated Virginia mine.
s'Johnny Macksy"-an Irish lad
suddenly enriched-Mr. Mackay, as
he has since chosen to style him,
self, showing, In 90 doing, a la
msntabls ignorance OF the fact that
the Protestant Scotch Msckays and
the Roman Catholic Irish Mackeys
ara. to use = vulgar expression, ia
different breed Of oats" before an
OfIlciAl committee Of the Nevada
Legislature, said, In his plea to
have the taxes reduced, that the
suspension was quite temporary,
that the bonanza mines nevet
looked better and that their yield
would not be reduced more than
81, ,0Oo, $50 during tbs year which
IL nov drawing fast to close.
Johnny Mackey or Mackay, allow
ino him to write his name accord
ing to his prediction, would not
have told euch mons,rous lie as
that, in view OF the results, in
France q England, without wear.
ING = convicrs dress. By this state-
ment, made by Mscksy, IN the
light OF the outcome, he 10 forever
rslegated to the company of Peter
Funks who, rich or poor, are toler.
atsd nowhere else in the world
save In the land Of the free aud the
home Of the brave.
Bat this peJured statement,
made auder oath by Mackey, In
the carly spring, by no means con-
ssitutss the full guilt Of the boz
nanaA hrm--a guilt which is all.
swerable, IN the face Of high heav-
on, for . number Of suicides aud fer
an Indefinite amount of agony 10
ths disprized class known as the
widow aud to the helpless orphan
Of IN indefinite ago. Maekey's
statement meant nothing unless
that the bonanza mines were good
fer indsflnite dividends in the fu-
ture. He said that $4,000, 900 at
lsast we're In sight. The official
lUtters Of the Superintendent of the
Consolidated Virginia stated the
suspension OF ore extrastion, and,
consequently, of dividends, would
probably last only for sixty days.
II has really lasted for six months.
while the public was lulled by
these statements of Johnny Mackey
Two really do not see why bis late
~ acquired riches should cause one
- drop his old b'hoy nsme) and by
the oOcial avermsnts OF the Su.
perintendent of the Consolidated
VlWinla; while the public was, IN
net, impelled to invest at eompar-
lively high figures by these
o4cial outsivings, two debtors OF
the bonanzs firm, Robt. Sherwood,
President of tho Union Consoll.
dated Mining Company, and
tsJohnny" Skae, President of the
biern Nevada company, were al
lowed, in July, August and Septem-
ber, to take entire possession of the
stock market. The man who be-
lisvss that they could have done
20 without the connivance and even
She procurement OF the bonanza
nrn, their creditors, is a fit subject
for "a insane asylum. They were
probably hired, at so much day,
to e0ums the responsibility OF .
mining deal which Is without a
precedent Ia its fiagitiousness out
side OF California.
All the while the villainous ma
nipulstlou WAS going on by which
the bonanza Kings and none others,
proltsS and which sent Sierra Ne
ADA from "a up to s2S5, and Unio,
Consolidated from the same figure
up To over $500, tue helpless debt
or of the bonanza firm, Sherwood
and Skss, were represented as be-
ing in hostility to Flood, Mackey
and Pair and as menacing theil
supremacy in the stock market. Tt
add fuel 10 the flames, and to urg.
prices to the extreme height o
which GDsn California folly wal
ehpablA it vas announsed, at
Afme uhsn Union Consolidated wal
mlIino d $3.50 share, that the bo
uanA nrn had purchased from
ghervooA 5000 shares Of Union Con
solidated at $500 a share, ia orde
TO ut control OF the "mine." Thi
'ia-.la . do