Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1904-08-27
PHILANTHROPY
PROMOTION
The "Frenzied Finance" Of
DR.. Frances E. Williams.
An Attempt to Sell Stock in An
Inflated Corporation Of Eleven
Million Dollars.

hat ever eTnanaCeu from lohopdu U
has been left at the BONANZA office, I
presumably for review, and a cursory t
perusal shows that it iustifes ex- r
tended notice if only for the remark a
able statements made with a reck- '
less abandon and disregard for truth V
worthy of a better cause.
The publication under consideration s
is a prospectus entitled Affiliated {
Corporations" leo o~perative) with a I
subtitle Logical and Rational Co
operation" and is printed in the best
possible style with a green cover en-
bellished with gilt lettering. APP
p~arently the object Of these corpora
lions is to sell stock in the Coaldale
Coal mining company, Nevada Elec-
trio Power. and Transmission COM
pany and st. Frances Mining and
Milling company, the consolidated
capitalization being the exceedingly
modest sum OF 81, DOC, 900, and 1t
may here be remarked that there Is
nothing in the prospectus to show
: that anv proportion OF this is reserved
for treasury stock. Presumably the
author of this document is Frances
E. Williams, NJ. D., whose picture
4 adorns the title page with the mystic
words Incorporated pursuant to an
act of congress OF the United States
though whether this refers to the
corporation or the lady, this deponent
v knoweth not. The "preface" is a
n series Of newspaper clippings culled
from one OF the Tonopah papers and
.s two California dailies which, while ex-
10 uberant in their praise of DR.. Will
liams. she is careful TO say "are not
D. presented here in any sense of vain
IN glory" in which event they had been
better omitted. These articles state,
he after being Invested OF their fulsome
ct fattery, that DR.. Williams has sue
or ceeded lin purchasing or securing
OF 'toptions on every foot of known coaI
he Gland 10 the Coaldale district" This
he is a deliberate he made with malice
m a~forethought and intent to deceive,
on and has already been contradicted II
es. the BONANZA.
gil A special paragraph entitled "Tht
six CORPORATIONS is devoted to explain
on irp under which law the company i
at Incorporated, and is so worded tina
led it might mislead an ignorant would-b,
no investor to think that a special &C
on of congress for this purpose had bee
ie. passed and that John Hay, the Sec
IRE rotary OF State, stood as sponsor 70
at the company. This is simply a trick
ster's dodge. Under a paragrap
nly corporate Officers appears:
DIR, Frances e. Williams, manager
is a woman so famed in hUnorabI
the finance that nothing further is nece'
and sary by way Of explanation of elthe
and her history or character.
om- In all due humility we confess OF
live awful ignorance and ask for proc.
OF this, we want the somethin
further" Five pages of this pre-
ious document are occupied with 2
roc exhaustive, or exhausting, report
Raa Charles H. Gage, Nj. E., who besid'
adding to his signature that he is
- member Of several learned societie
states that his Office is No. 4
Hub" Boston, Mass. We had
IA dim idea that this learned pund
~ struck this camp about six mont
ago from San Francisco and the re
! he utable journals OF that city do not e
: ~ actly burst into praise about hi
this nor is his name to be found in !
tho Boston directory, and we are n
: aware that he has doomed on
hos Tonopah horizon as a star OF gre
e. magnitude. His report may be
- subject for future criticism, spa
- preiudes this now. The prospect
ddn,, goes en- to appeal to those who ha
~ 1no money at all" or who have SIN
= &c savings Offering them on page
- fatal number) for $500, 1000 sha'
On On of stock in the Electric Power &C
" pany, 1000 shares OF stock in the c
company, 1000 shares OF stock IN
Smelling Co. which is guaranteed
a,.iuo to be worth $4,000 within two yea
~ while on page Is the same magf
I'm Io cent offer is made for $3.50 VII
-. ~ looks like a rapid decline in pr
c. but why does not DR.. Williams thu
\ a in a pound Of tea or a pair OF ov
alls or "any old thing" Let il
'ai"d said, however, that the absolu'
49, unwarranted statement is m
t'These companies will pay divide
using ~ elA iuous'' eswa ead tbie F;
drug pears no aa'G, a., s w : 9e"u asa az '
from the wilderness, to the atiit
''and oppressed and distressed
going "workmen OF mankind IeV a..
are wiling, come anu pat
freely -,
9. Nc The above IS the most inlau
ward. statement we have ever seer
N print. This lying document goe