The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-08-11
THREE WAYS INTO ROOM t7t2
.vrprE. n. HOLDEN & 60. Manu.
r,CrJ RE- AND SELL STOCKS
,r,,o,ah Guarantees OnODah-Hence.
"' Also. Issue the 'Ol'ver" Attacks on
Standard Iirit.es--NHOre TOnOpah
MS v,l,am street." Room 1879.


Standard securities More TonOpah
at ~; Wiliam street, Room asl2.
man, ,7lo on the seventeenth floor OF
,.,,nrerjcal Cable Building is the head
,,,,r. Of crowd whose ingenuity and
.,,y mo lest, han the general character
=, IL, operations, deserve attention. It's
,,,inal business is the manufacture ana
a., Of stocks. but when the pubic's in
.,,,ort annette becomes capricious, as
..r,,,imes will, the time is not permitted
,n.. urimrroved When the craze
al stock speculation was at its height
yo crowd sold oil stocks, That industry
s,slly pctered out, and none OF the oil
.,c,rirjes noatcd by +, Il. Holden Co
/. row paying dividends,
Mr. Holden naIvely offers to prove that
,, rho time his oil stocks We're being sold
,boy maid dividends. The point is un-
Ws,p,ad He is no longer Interested in
,he oil Industry He says he has gone
Mining Iouopah gold mining and is sell
r, Tnnopah National Gold Mining Com
amy stock, on an undeveloped claim in
n,, Touopah district that is now being
e,rlo,rd BE, ween oil and mining there
was the American and Mexican Smelt-
ING and Refining Company incorpor-
a,ed at Washington. u. c., several months
AGO. with an authorized capital OF
,m oOOOoO This smelling project APP
pear- to he resting while Tonopah mining
took is sold Mr.. Holden says progress
Is being made, hut is reluctant to give
dptais.
The Commercial Cable Building extends
from Broad street through to New street.
The Broad street entrance is No. 20 and
the New street entrance also happens to
h. no. 20. facts the relevance Of which
will be seen in the following advertised
addresses
f. 4 Holden 4 Co, No 20 Broad street
louopah securities Company, No. 20 New
street.
Tonopah-National Gold Mining Company.
Commercial cable Building.
Readers of the advertisements pub
I.hed by T.. R Holden 4 Co., the Tonopah
Securities Co. and the Tonopah National
Gold Mining Co. would hardly guess that
the mail for all three goes to room 17l2,
nor even that hey are all in the same build
ing No room number appears in the adj
ynr'sements. On the door of room 17l2
the name in big letters is that of T.. II. Hold
o. Co. Above it in smaller letters is
'ronorah- National Gold Mining Co" Be-
meath is the individual name of j. S.
Oliver The name of the mining com
pany was only recently painted there.
Formerly the name of an oil company
occupied the space. The superintendent
Of the building says he doesn't know how
many companies get mail in room 17l2
They change 80 often and new ones appear
80 rapidly that only the mail carrier can
keep track Of them. The office is rented
% F. r Holden 4 Co The superintendent
said he guessed f.. r Holden & Co. must
contribute literally to the support of some
sign painter
The stock Of the Tonopah- National Gold
Mining Company (par value S1.O Sc ling
price 25 Centsb IL advertised as Endorsed by
lonopah Securities Co., OF 20 New street.
Thus f.. X. Holden 4 Co.'S Tonopah Sc
curities Company indorses the stock of
l.. X. Holden & Co. Is Tonopah
\ Gold Mining Company.
A IN the interval between the transition
" the Holden crowd from oil to mining
room l,7l2 was used as a bureau for the
distribution Of bearish literature on stocks,
Notably Northern Securities, Pennsylvania
Md American Smelling and Refining. This
Herature was put out ostensbly by y. =.
oliver, broker-investment securities-20
Broad street" Oliver is young man
without individual means who is employed
IN he office Of +. K. Holden & Co. While the
lcarsh literature bearing his name was go
ing out he said TO acquaintances, whose
testimony can be produced, that he was
employed by persons who were short of
Northern Securities, Pennsylvania, Ameri-
can Smelling and Refining and other stocks,
and that they were paying the cost of print
la mad u u ,,t. . la
attack on the Northern Securities Com
rany was carried into the advertising
columns OF the newspapers, where some Of
DIVERS literature was printed as paid
matter and attracted considerable atten-
ton
Before getting into room l,7l2, Oliver
was the manager of bucket shop. His
circular attacking the American Smelt
ing and Refining Company appeared very
shortly after the incorporation Of the
So,Ooo,oCO American and Mexican Smelt-
ing and Refining Company previously
referred to- In that circular he said:
II is very likely that the operations Of the
hntng Company, which was recently organ
Ted under the laws Of the District OF Column
h4; with an incorporated capital of $50 coo 900
vii, with new and modern plants that. am
points In the West. in the Republic OF Mexico
and one or two plants In British Columbia,
b" all" 10 make n good profit, and yet treat
ores At figure far below the price now re-
."'ved hy tho American Smelling and Re-
fnlnG COMPANY
What arc you doing, Mr. Holden. n
SrN reporter asked. with your American
and Mexican Smelling and Refining Com
panv."
We are doing something with it," Mr.
Holden said. I'VE are not prepared yet
~ make any statement in addition to what
has appeared about it in the papers. Now,
!o' mo tell you something about my record
IN the smelling business
Her" Mr. Holden began long review
~ ms career AZ a builder of smelling plants
m Colorado, declaring himself to be "prac-
really the parent" Of the American Smelt
ing and Refining Company. Some years
ago Mr. Holden organized the Holden
smelling and Milling Company Of Denver,
which became involved and was reor-
ganl2ed after he got out of it IA the Globe
smelling and Refining Company. 1t was
'lHn that Mr. Holden came to New York,
ana here he passed through the forms of
Bankruptcy
1T il alleged, Mr.. Holden" The sun
reporter said, that the American and
N'yicon Smelling and Refining Company
nave You been short Of American Smelling
s'ock?"
have not been short OF share of it,.
% You employ Oliver?"
SO, know him, He il around here.
u9n't know who employs him"
wasn't it strange coincidence that
u" should issue bearish circular from this
once on American Smelling and Refining
JUS, after You had formed the American
ana Mexican Smelling and Refining Com