The Spokane press. [volume] (Spokane, Wash.) 1902-1939, 1907-12-31
A HUGE BUNCO GAME.

BY the order of Pres Roosevelt the federal troops
to be withdrawn from Godfeld and the curtain has just
been dropped huge practical joke with the president
and the governor of Nevada the scapegoats.
Thus ends farce put up by the ''boosters'' of Gold
field the most peserous crowd of advertising promoters
that ever gathered together to bunco the public.
Four years these 'market Triggers" have been at it
day and night Every eXpedent known to fertile brains
has been made to do duty to sell mining stock To hitch
whole stock issue accidental discovery of
simply in the days work with these fellows
To promote million shares on nothing but ground
lease easy. The investing public read glowing pros
pectuses and equally glowing newspaper advertisements
and money poured into the Goldied offices. An
subscribed in one afternoon with which to
buy the services of two champion pugiss and their
meeting made the raft which to float advertise
ments of new stock issues throughout the world.
The money madness that followed the gold discover
les in Goded destroyed the business morals of every
person that had anything do with it, in reotest
degree
Governors legislators, congressman and U. S. senators
became involved in the mad effort to promote stock issues
and to reap the golden benefit from gullibe public.
That public responded nobly,' as it always does
when gold is found in hitherto undiscovered district
For every dollars worth of the precious metal mined in
the district, the public paid thousand for gded certi
fcates Of stock.
One of the greatest combinations of mining capital in
the history Of the world formed Of the principal
mines AT the head of this combination is United States
SENATOR crossroads gambler itnerant journalist,
country lawyer and private banker.
T. These issued no less than 360000OO shares of
Nstock and began to pay dividends.
Then came the financial furry that swept over the
whole United States. The Goldfeld boom busted.
The rocket of speculation after soaring higher than
any similar rocket in the history of great financial bub
bles spent ITSELF and the stick fell to EARTH closing nearly
every mine in the district.
What had been heralded great producing camp
descended in week to the evil smelling of
burnt out for stock speculation.
What to do next.
The camp needed more advertising The gold is there
but the great investing public had lost interest
The leaders got together They made such represen-
ations to the governor of Nevada that he blinded by the
that had always followed the efforts of the
of boosters asked the president for federal troops with
which to quell rotOus miners. small strike Of miners
made to do duty The dread Of the union of miners
invoked. situation created out of whole
cloth The United States senator lent his powerful pot
cal aid The governors pancky message was given to
the president and he jumped conclusions and the
troops
Instantly the news that Godfeld in Nevada, ''the
richest gold camp discovered in the hands of
the sodery of the United States, flashed throughout
the civilized world.
Persons who had heard Of Godfeld except
through an interested prospectus or newspaper adver-
tisement astonshed into cognizance that Goldfed
the map.
The bait good and the suckers bit
The market went up.
An awakening followed.
The miners refused to riot.
The president chagrined at the to which he had
been put sent caustic messages to the governor.
The governor realizing that he had been duped retired
to his country home
The soldiers ordered recalled and the stock
gambling coerie, having reaped the benefit of
tona rise the mining stock exchanges engaged them
selves in the pleasant task of watching the gued
tves OF the nation and state attempt TO shift the respon
sbility for their official actions.
What may happen when the troops leave Goldfe is
minor matter.
The fact remains that cotere of INSCRIPTIONS stock
promoters have used the state of Nevada and the pres
dent of the United States to further their base ends and
the least bit repentant that they have been
found out.
Instead of the salt tears Of expiation they busy