Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1881-04-21
W THE STOCK BROKER.
Jeh. Z Jr. shuts Up shsp for $500
Liabilisies, Assets Nsthisg.

Hearing that John E. Shawhan, Jr.,
had closed his stock broking business in
Virginia for want Of funds to carry II on,
q News representative proceeded to his
Office to ascertain II such was the case.
He found q small crowd Of men gathered
around the door, some talking angrily
and others laughing and jssting about
the failure. On going inside found that
its sole occupant was o clerk who had
been 10 Shawhan's employ. he stated
that they were not transacting any bust.
ness, and that he was placed there to
tell customers that Mr.. Shavhan could
be found at the Office Of Kirkpatrick q
Stephens, lawyers.
Not gaining any information from the
clerk further than the office would not
again be opened for business, the 70.
porter wendell bis way to the office OF
the lawyers TO learn Of Mr.. John 4.
Shawhan, Jr., the aus OF his failure In
business. On hearing his visitors or.
rand. the young man hsavsd . sigh Of
relief al not having to meet one OF bis
customers, and frankly stated that he
had been acting as agent here Tor his
! father, who had been doing q brokers'
business In San Francisco, through Hale
& Pacheco, and that his father had
failed.
Reporter--But, Mr.. Shawhan, your
business has been conducted here under
your own name and not as an agent.
Mr.. Shawhan-I was only my fathers
agent and his failure 10 San Francisco
compels me to close here.
Rsp.-What Ii the amount OF your In.
dsbtednessf
Mr.. S.-Not more than $500 here.
I don't know what my father owes In
San Francisco.
Rep.-well, what have you to show
for this $500; that 10, bow much can
You pay on the dollar to your customersP
Mr.. SAN the stock and everything
else was In my fathers hands below.
We have not q dollar In the world, sir,
absolutely not q dollar. Our houses,
lands, everything has been attached Tor
my fathers debts. -,
Rep.-Then your customers here Will
lose all they had with your
Mr.. y. (excitedl.-We have never
cheated any one out Of q cent aud don't
intead to. We expect to pay dollar for
dollar, but can't just now.
Rep.-What do you expect to realize
money on; You say you haven't q dollar.
aud that everything Is under attachment
now? :.
Mr.. S.-My father Is trying to FIX II
up; va expect help from relatives. MY
father will get help somewhere.
Rep When did your father fail, and
how much did he over
Mr.. She closed business yesterday
or the day before. I have no idea what
he owes on notes and stocks; perhaps
$50. 900. -,
Rep.-wssn't your father in Virginia
yesterday
Mr.. S.-Yes, sir; trying to fx things,
but didn't succeed. He went back last
night to attend to his affairs below, and
/, with Mr.. Kirkpatrick to represent
him, have charge OF the trouble here.
Rep.-what caused your fathers fail
ure2
Mr.. s.-Oh, complications In busi-
ness. Some parties went around buy.
ing up bis notes and have now closed
down on him and taken everything.
Rep.-will you remain here2 Are
your books with Mr.. Kirkpatrick
Mr.. S.-The books will have to be
produced in Court below and l may have
to 60 to San Francisco anytime. Vi
course I can make o statement here.
Unable to gain further information
from Mr.. Shawhan the reporter with
drew and sought information elsewhere.
gathering that Mr.. Shavhan had done .
very good business since the recent rise
and, also. that q large number OF the
young ladies in Virginia who deal IN
stocks had their names on his books.