Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1880-02-19
the BONANZA KINGS.
Their Ints.tion Co shortly Make
New York Their Headquarters
Jesse Grans NJ Floods Partner.
N,,c York Truth.

There will very shortly be a bonanzs
revelation in New York. That is to say.
the bonanza ~millionaires OF California.
Messrs. Flood, Fair. Macksy and others
have determined to transfer their head.
quarters from San Francisco to New
York. As Flood recently expressed 1t,
they will make New York the greatest
miuiug center in the world. Thus far,
though New York Of late has done q
good deal in that direction, San Fran.
cisco has been the center Of the great
mining interests OF this country, and
there the great mining capitalists have
had their lair.
At a meeting held in San Francisco
in the latter part OF December. this res
olution was come to. and the opinion
was favorably expressed that San Fran.
cisco was played out. There never can
be again there such mining eIcitements
as in thu past. New York offers q com.
para,ively new field OF action, aud for
this reason the men who practically con-
troll the markets will come here to repeat
the operations which in q few years
brought them from poverty to atluence.
The example OF two OF their kind has
impelled them also to take this course.
James Keene, after making several mil.
lions on the Pacific Coast. saw larger
opportunities here, and changed his
location. He has not regretted the
move. d. o. Mills. the moving spirit
OF the Bank Of California, came here q
few weeks ago, and is already five mil.
lion dollars richer by his speeulations in
our financial center. But OF him, more
below.
Flood is the man who FIRST conceived
the idea OF moving his headquarters
from San Francisco to New York, but
he looked further than Q mere outside
influence az a Spectator in Wall street.
His intention is the regular establish.
msnt OF a branch OF the Bank Of Nova
da in New York. Mining operators
hero are in need Of some institution
which will lend money on mining col
lsterals. Either New York capitalists
have not the courage or the ready mon.
ey to support snch an institution. 1t
would DO largely remunerative, and this
IS what Sli. Flood proposes in the estab.
lishmeut Of this branch Of the Bank Of
Nevada. lie will make his son.in.law
to be. Jess, Grant, its manager in New
York. The sou Of q man like General
Grant in tn s position will give the in
stituiion IN Immediate prestige.
Quo other reason for the move Is to
deal a blow 70 their mortal enemy-ths
Bank Of California. Thus far they have
had pretty near ali the business for the
Pacific .lope. The branch Of tho Bank
OF Nevada will take u good deal Of this
away. This is one OF the reasons why
d. o. Mills IL on here just now. He will
endeavor in every possible way to pre-.
vent the Successful accomplishment OF
Flood l. Co.'s plans, and secretly by his
wealth aad influence will endeavor to
thwart them.
Nevertheless, whatever may be the re-
suit Of these old time feuds, New York
will benefit by the transfer Of this i'm
men-c mining interest. OF course,
FlooI & Co will do what they can for
thei; pet stocks OF the Comstock, and It
is no longer o secret that they will push
Consolidated Virginia and make It again
one OF the great speculative stocks. This
boom has been expected for some time
by those who are generally supposed to
be wise in these matters, but II hasn't
come yet. Perhaps Flood and his friends
are waiting till they come on here to
take action.
Flood. Mackay. Fair and two others,
in combination. are reputed to be worth
$3.50. 600. 900. SO it may be we'll i'm
agined the influence they will exercise.