The Athena press. [volume] (Athena, Umatilla County, Or.) 18??-1942, 1905-01-31
TALE OF COLCONDA
PENDLETON PAPER PREPARING
STATEMENT OF FACTS.
viii Show That Men of High Stand
ing Made Tool of Wade, the
:.Defaulting Cashier.

"The truth may change public senti-
ment," says the East Oregonian, edi-
torially, in its announcement Of prepar-
alton of data concerning the manipula-
ton and wrecking of the Golconda Min
ing company, which involved the failure
of Q. B. Wade, and threw a temporary
cloud over Pendleton and Eastern Ore
gon financial circles.
At the time Of the Wade failure the
Pendleton cashier was brought out alone
into the lime light, but il the East Ore
gonian statements are true, several
other shadows at least, were lacking
when the light was turned on. The
Pendleton paper says:
The East Oregonian hopes TO be able
to present to its readers, in the near
future, full and complete statement of
the organization, manipulation and
wrecking Of the Golconda Mining com.
pany, including the financial ruin of O.
B. Wade, and its consequent widespread
injury to financial interests in Umatilla
county and Eastern Oregon.
The exposure will show that G. B.
Wade is not the guilty man that he is
now supposed to be, at the bottom of
this financial crime. The facts will
show that he was but an innocent, yet
avaricious victim, in the hands of power
full friends" into whose pockets pour
ed the golden stream and who are today
living in apparent security from sus-
piclon and enjoying wealth that was
gathered through the most infamous
deal ever engineered in the financial
history of Eastern Oregon.
The facts will be unpleasant to many.
But the facts shouldinotIonger be con-
cealed. @. B. Wade is known far and
wide as an arch-conspirator Of the worst
type, and until an exposure is made, the
public will continue to hold this opin-
ion.
The truth may change public senti-
ment.
AS soon as certain transactions In the
manipulation OF the Golconda can be
verified by affidavits, to secure this
paper in its statements, the story will
begin. Names, dates, transactions, pub
lie and private records will be given
without equivocation or evasion, and
although it may involve some of the
most influential men in Eastern Oregon,
the East Oregonian feels that it will be
doing work Of justice to the public and
especially to wrongfully accused men
now before the public in an unfavorable
light by doing this.
The facts will show that @. B. Wade
was led on by friends, who unloaded
their stock upon him, ut inflated values
and who were seemingly willing to wreck
anybody and everybody connected with
their deal, in order to reap fortune for
themselves. Such 'friends" are at the
bottom OF the financial ruin and conse-
quent suffering OF the Wade failure. II
! the facts scorch their robes, and silhou-
cite their features in an unfavorable
light in the public mind, they will have
none but themselves to blame
The story will make interesting read
ing and will clear up cloud Of mis-
understanding and haze in the financial
circles Of Eastern Oregon.
Two or three links in the chain must
be covered by afiidavits before the pub
lication can begin. The East Oregonian
wishes to be sure and secure in its state
ments. Then it will tell the story.