The daily appeal. [volume] (Carson City, Nev.) 1906-1907, 1907-05-31
MINING AND MANIPULATING

Asserts That he can Take one Mil
lion From Consolidated Every
Twenty Days
tlecenuy lneie has been consider
auIe crILIcfsm ID some newspapers
charging the present slumpy condl-
tIon OF the STOCK market to Senator
NiAo..
he is charged with refusal to
support the stocks in the mines
where he is specially interested.
The Goldfeld Tribune prints an
interview with the Senator and
amops other things the Senator says:
Il have never solicited a man 10
buy or sell share of Goldeld Con-
solldated, and have not myself trad
ed in share Of the stock in the las,
sixty days. If men want to go into
the market and deal in stocks on
this report and that rumor, that is
their affair, and they must take the
consequences OF their acts. l try to
look after my own business, but | do
not feel that / am called upon to
look after the business anairs of all
the people OF the United States.
Therefore. when the statement is
made that l am failing to support
tue uIl.het, or JnaL DO not intend
20 support the n!arket, they have
;tDouC "a Inucu euect Oh me as water
mas on uuck bdCN. am not re-
sponsIDle or the trades that are
made III the stock markets., and whlIe
| may be considerable OF tender
loot III many things, | see no reason
for anybody arguing that l am under
any obligations to support any mar
ket. We are miners, not market
manipulators.
Not a Manipulator
Now, take this view of it" the
! senator continued If | am held re
sponsible for market prices on Gold
field Cons olidated, for instance, anG
when prices go down it becomes IN!
duty to get in and hold them up
dosen't that responsibility grant m,
the right to manipulate the marke
when it is up? You can't say that
should put prices up at one time
unless you grant me the right to pu
them down at another time. And a
| am not in the stock manipulation
, People are neither buying nor sell
ing at my request; l am not operatin
in the market myself, and it is
matter of Indifference ONE wherthe
GOldfeld Consolidated share go dow
boards.
| And let me say this: The peopl
. same time We were buying for tn
< purpose OF a merger can sell in tn
. whole, but take handsome profit
+ Our dealings in regard to GOldfie
Consolidated have been as an ope
4 book. There is no 'nigger in tn
# woOdpile' The things we did are s.
| "a of 10 ct r
@ meeting. That report shows that f
II our expenses and our services in co
=. nection with the formation of II
o company we were allotted $4,000
O worth of stock That is every ce
10 consolidation, and aside from tn
n We were not even reimbursed for o
y. expenses, which were not light
Will Equal the Comstock
If DO you know how many shares
PC Consolidated were traded in duri
n the month of April in New York
~ the senator asked According
just $4,000 shares traded in tn
of month. That does not look like the
80 was a tremendous short interest c
49, there that might be interested in n
- nipulating the market, does ito"
-. In regard to whether or not Baru
will exercise his option, Senat
Nixon said: 'I have exchanged te
grams with him on one or two
ne cassions, and have written him c
re- letter since my return from the ca
Sc I have no positive information on |
I'M subject; but believe he will exerc
re the option, and take over the sto
le. But it is matter of entire indiffe1
in to US wherther he exercises it or 4
Should 1t come to question Of p