Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1907-10-26
MIR. sCHwAB's GIvE-AwAY.

MIR. SCHWAB's GIVE-AWAY.
II may say that have put more
money into Nevada than any other
man" he said. 81 not only put in
my own money, but interested my
friends. Fortunately l secured some
Of the best properties. But ! must
say that l am bitterly disappointed in
Nevada. / do not think that | have
met a man who told the truth about
Nevada. Confidence OF eastern peo-
ple in Nevada is gone. BY the way,
what do you people here think Of it?"
These are the remarks credited to
Mr.. Charles NJ. Schwab when he vas
interviewed by a delegation of re-
porters at San Francisco. There is
not much chance for the steel mag
nate to seek refuge IN denial or sub
terfuge, as the statement appears in
all the leading papers in almost iden-
teal language. The speaker wants
the public to understand that he was
handed a good sized lemon in Ne
yada. but he refrains from saying
what he did with the citrus fruit He
should have been ingenious enough
to go on to the end of the story and
narrate how he came into the sage
brush state and was offered the pick
of the flock on his own terms. as the
people were over anxious to have him
interested for the advertising result
ing from such investments. That
the name of Schwab is one to coniure
with goes without any further saying,
but 1t is not creditable to the finan-
eial sagacity Of the past master Of
mergers that he loaded up with a
bunch of claims that in the case OF
another would look surprisingly like
recklesness. But no one could apply
that stigma TO a man who was bur-
dened with millions and without de-
sire to profit from the ignorance of
the masses. Not at all, Danish the
thought, He was superior TO that
sort of thing. Others might enlist
the money Of their friends, but he
could be relied upon TO let all his
personal acquaintance in the sub
basement entrance. That is where
they landed, but when they emerged
they found themselves loaded with
lot of high-priced securities that had
shrunken to a mere vestige of theil
former selves. Many of the stocks
have vanished from the speculative
horizon like ships passing in thu
night. The holders OF the huge sacl
looked in vain for a chance to re
alize from their assets-and they ar,
still looking. They went down e
the frog pond to amuse themselye
with the pretty emerald-hued batra
chic that Charley Sehwab had I'M
ported from the west for their delec
%tation, but their visit produced n
satisfaction. The alluring Bullfrog
had taken their departure, and care
full scrutiny of the quotations yielde,
no pleasure. Mr.. Schwab loved t
play the green but the method
adopted were very suggestive of th
green goods policy that has bee
such a diversion of the sports Q
Gotham. "Greenwater and Death Va
ley" incorporated for 100000
shares was taken up eagerly by dc
luded investors who knew nothin
save the fact that Charles NJ. Schwa
was one of the promoters. Some
this stock sold as high as 81 a shar
and now is quoted at Z cents. Tont
pah Extension. n OF the best pro-
critics in Nevada, came under Il
spell of the steel syndicate and WI
gobbled up at prices ranging fro.
$l5 down, until at present writing
is quoted at $50.
Who cleaned the profits from til