The San Francisco call., 1907-01-06

Wednesday Of this week at which some
statement would be made concerning
the affairs OF the Sullivan company,
after the books at Goldheld have been
exported.
A dispatch received IN this city last
night from Goldfield stated that 100000
or more drafts issued by the sullivan
company have been protested: Gold
field residents believe that Manager
Rice is still in San Francisco.
Larry Sullivan routed reporters sent
to his home in Goldheld last night TO
interview him, declaring Indignantly
that the company was not in financial
straits. He said the concern had
surplus OF $l,000.0O0 and that every
thing would come out all right. Since
the departure of Rice from Goldheld,
a week ago. Sullivan discharged thirty
two stenographers and clerks, making
a special target OF the favorites of Rice,
saying: y viii show you who is rum
ming this Officer
A dispatch was sent from Goldheld
10 Rice early last week, insisting on
his return before the bank closed
Wednesday afternoon, but Rice failed
to answer the summons.
The Sullivan stocks were battered
down in Goldfeld yesterday, the prices
OF the most Of them being lowered
almost one-half The exceptions were
Indian Camp. Stray Dog and Lou Dill
lon stocks. Bills presented for col
lection at the Offices Of the company
in Goldfeld have been refused for sew
eral days. the statement being made
by Sullivan that he would await the
return Of Rice TO check UP the bills.
G. G. Rice, the manager OF the L. NJ.
Sullivan Company, kept away from the
curb and the exchange markets and
left the field TO Grant to try TO explain
41T he hrOrerc that
the company OF which he is the treas
urer was solvent: that the creditors
would come out all right after little
time had elapsed. For a long time he
busted himself writing and sending
kilograms from the Office OF Hermann
Zadig. who IS reported to have been the
heaviest loser. Brokers said that Zadig
stood to lose many more thousands OF
dollars than he would admit.
In the afternoon Grant gave out a
few typewriter lines to the newspa-
pers. which are as follows:
Our books are being exported by
Mr. Stone of Klink Bean Company and
when he has finished we intend to pub
lish a full statement of our assets and
liabilities From the latest data we
can obtain at this date we viii say that
figured on a basis Of the Stock Ex-
change quotations Wednesday, the Sui
Iivan Trust Company's assets are in ex-
cess Of its liabilities by a million. and a
half dollars It is pressed for cash
at a time OF labor troubles when it is
hard 10 realize on Nevada mining Sc
curities and II is compelled TO ask for
an extension on some Of its stock con-
tracts for a short period, or until it
can realize on its securities. It is per
fectly solvent.
None OF the new companies pro-
NOTED by the Sullivan Trust Company
N1.r - AZ
continues and holders OF these stocks
should not foolishly sacrifice them.
Statements circulated TO the effect that
the mines have stopped working are
false and are made for stock-Jobbing
purposes only. We are using every ef-
fort in our power TO adjust everything.
L NJ SULLIVAN TRUST COM
PANY."
The advice contained in this com
munication to holders Of stock in what
are known as the l. NJ Sullivan COM
panies not to sell had little effect
There was very small sales in the
board. but orders were placed in some
Instances to sell Lou Dillon as low as
is cents or anything that could be got
for it, The board transactions In the
mines promoted by L. NJ. Sullivan Com
many showed on the official report as
follows: Two thousand shares Of Stray
Dog at SIS cents; no sales of Indian
Camp. 500 shares of Lou Dillon at 20
cents; 1000 shares OF silver Pick Ex-
tension at il cents; $500 shares OF
Eagles Nest at is to 20 cents. These
transactions represented total OF
$4,000 for 5000 shares Of four companies.
IN all the FIVE companies mentioned
above Larry Sullivan is director.
He IS the treasurer Of the Stray Dog,
secretary Of the Indian Camp, treas
urer OF the Lou Dillon, Silver Pick Ex-
tension and Eagles Nest That fact,
added to the promotion Of all of them
bv the 1. NJ Sullivan Trust Company,
has fixed the title OF Sullivan companies
on them.
The list of local brokers who have
met losses, as reported in the gossip on
the streets yesterday, includes: Donel-
Ian TO the amount OF $500; Kreider,
sa3 900: Degan, $50 600; Noise, $4,000;
Zadig. $4,000. Nat Boas, who acted
for Pollak & Co. or Salt Lake, came
ont without loss. Pollak & Co. are said
to be in for 100000
on the face Of things the total losses
of brokers and clients to date may
amount to from 100000 to 100000.
The latter figure is believed by some OF
the brokers to be correct. Large
amounts Of the stocks of the Sullivan
companies are in the hands OF pur-
cbasers who have paid for them and
have been holding them pending an up
ward turn in the market. II the prices