Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-10-12
JONES, OF NEVADA.
JONES, OF NEVADA.
PEN PICTURE OF THE MAN WHO is TO sue
CEED SECRETARY FoLGER

A PEN PICTURE OF THE MAN WHO is TO Sue
CEED SECRETARY FoLGER.
WASHINGTON, October ia correspond
ent of the New York Real Estate Record and
Builders Guide tells that Senator John p
Jones, of Nevada, is to succeed Mr.. Folger
as secretary of the treasury. The time has
come, therefore, when the truth should be
told about the Nevada senator. Jones is ga
prince of good fellows" he is man of lib
eral ideas; is generous and large hearted,
and is an exceptionally brilliant CONVERSE
tionaiis. AS a story-teller he is without
peer, though many of his anecdotes are not
such as would edify the family circle. But
this is all that can be said of him in the
way Of commeudation. Jones is a mining
sharp and gambler, and one OF the most in
competent business men in the country. His
life and training has been that of an adyep-
tarer and Spectator. He made by sheer
accident some millions of money, which gave
him the reputation-ef being exceptionally
skilful in business, whereas his fortune was
achieved by one lucky stroke. He was su-
perIntendent of the Crown Point Mine, on
the Comstock Ledge. A bonanza was
struck, the knowledge of which he had in
advance of any other person. He bought
the stock and continued buying; as it ad-
vanced he kept on purchasing, until at
length he found himself worth $4,000, 900 or
s5000O00. With this money he bought
himself seat in the United States Senate.
Having the reputation of great wealth, and
being hearty, companienable person, he
soon became very popular at the capital. 1t
was supposed, of course, that he must have
had great deal of business skill whereas
he proved to be the veriest baby in all trans
actions requiring Judgment and foresight.
He became the prey of every plausible
knave who had an ak to grind; he invested
his money in the stock OF bankrupt newsps-
pers; he built costly Turkish bath at San
Francisco; he advanced money for hotel
enterprise in New York; he bought mines,
all OF which proved worthless. In short he
committed every conceivable business folly,
and when the famous break occurred in the
Sierra Nevada mining deal it was under
stood that he was saved from open ruin by
the Bonanza firm. Rendered desperate by
his losses he became, it is alleged, silent
partner in a number of swindling mining
schemes. When a rich fnancier was
to be plucked, Jones was used, SO
soes The story. as the stool pigeon.
He was repuled rich, was supposed to have
great knowledge of mines, and then he wss
senator of the United States, all of which
facts gave him prestige with the capitalists,
whom it was desirable to rope Into dubious
mining ventures. Jones has become Green
backer OF the most advanced type; he believes
in fat money. He has been heard 10 declaim
by the hour in favor of the abolition of all
metallic money, for which he su bstitutes more
paper. He honestly believes the dollar is
an entity and not so much metal, having a
definite hneness and weight, and he would
measure all values by this metaphysical
conception. Such is the person whom it is
proposed to make secretary of the treasury.
An idealist in finance, blunderer in busi-
ness, whose only recommendations are his
good nature, liberal views and his convivial
qualities.