Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1880-01-31
THE BULLETINS ARTICLE,
In Reference to the Charges against
the wales Con.

The following is the article of the San
Francisco Bulletin, extracts of which have
been published Something over a year, a
mining company known as the Wales Con-
solidated was organized in Eureka Dis
trict, Nevada. 1t was claimed that the ore
lode of the Richmond and Eureka Consol-
idated had been discovered in the Wales
Consolidated ground. Tie stock of the in
corporation was first listed on the Califor-
MIA Stock Board at 81 per share. 1t then
found its way ON the list Of the Pacific
Stock Exchange and the San Francisco
Stock Board. Then began a systematic
manipulation of the stock. Confidential
correspondence was opened with a host of
individuals in this city, in most cases
based upon the slightest acquaintance, in
which points" for their guidance in spec
ulations in the stock were furnished.
These points" were, however, always ac-
companied with injunctions to maintain
the strictest secrecy. All correspondence
emanated from an official source gradu-
ate from the office Of the manager Of the
Mahogany ''deal"-and in most cases ac-
complished its purpose. From time to time
these points" have been supplied.
They usually informed the receiver when
the stock was going to move up, and when
a break was to be looked for. The inform
ant was found reliable, as it was no doubt
intended to be, and an extraordinary de-
gree of confidence was inspired. 1t turns
out that by the multitude (for it proves to
be such) who have thus received confiden-
tial letters and kilograms, the greatest Sc
crecy was preserved, in accordance with the
writer's injunctions. But during the past
week letters impaired the information hat
the machinery tor hosting was on the
ground, and the work of milling ore would
soon begin. This would inaugurate a
grand boom in the stock. These letters
advised the receiver that when the proper
time came a telegram would be sent. The
customary injunction Of secrecy was also
inserted. A day or two afterward came
kilograms, worded something as follows
''Uncovering rich ore. The grand boom
has commenced. Will go up to fifty. Buy
without limit"
But it so happened that the news was so
overpowering, the points so certain,
the source of information 80 reliable"
that Jones had to confide the news to Rob-
inson after first investing. but he was some
what surprised to learn that Robinson had
already the same information, having re-
ceived il in the same way as Jones. But
the source OF information having previously
been reliable, and on comparing notes it
appearing that both had q similar acquaint-
ance with the furnisher OF these points"
in question, suspicion Of anything wrong
was allayed. But there was Smith aud
Fritz, both good fellows and deserving a
good turn. Why shouldn't they be let
the secret and get a lift? They had q
speaking acquaintance with the confden-
tial informant, but, of course, not enough
to warrant his communicating anything to
them. The matter was thus argued, and
the precious secret was divulged to Smith
aud Fritz. Now the little party re-
ceived a genuine surprise this time
in finding that Smith and Fritz had act
ually received in confidence, duplicates of
letters and Geographic dispatches. 1t thus
turns out that a vast number OF casual ac-
quaintances had been given, sin the strict
est confidence" these points. One OF the
persons thus confided in, wrote through
another third party to a resident in the
vicinity Of the mine, who replied that he
had visited the Wales Consolidated prop
erty, that the shaft which he had under
stood was $50 feet down, was covered with
a small building, securely locked, and
that no one was allowed to enter
that only two or three men were en-
ployed, that there was no machinery on the
ground or ore on the dump, and nothing
there to indicate the presence of ore in the
mine. 1t may be, however, that this per-
son is mistaken.