Tonopah daily bonanza. [volume] (Tonopah, Nev.) 1906-1929, 1910-09-03
FlNANCIERa.MADE
MILLION DOLLARS
IN SIX WEEKS
DECISION OF SUPREME COURT
BRINGS TO MEMORY INTER-
ESTING OCCURRENCE.

A romance of a mining camp is
brought to light in a decision of
the supreme court which was hand
ed down yesterday according to
Geographic advices received last
evening by Horatio Alling, assist
ant district attorney. The case was
entitled Hutchinson and Van Rieper
versus Chas. Botsford and has been
fought in the courts for the last
few years. And in the case there
appears much that is of human in
terest and brings to light methods
of speculation that are always to be
found in the new mining camps.
1t was in the latter part of Sep
TENDER, 1906, that Charles Botsford
arrived in Goldfield He was pen
niless and did not know a soul in
the camp. Prior to coming west he
had been identified with a number
of big deals in the East and on sew
eral occasions was worth consider
able, having been quite successful
In the art of financiering.
1t did not take Botsford long to
get acquainted and in a short time
he was an intimate friend of Joe
Hutchinson and l.. c. Van Rieper
1t was then that the apex talk be.
.x,,oar +bo consolidated opd MOha w |,
companies started and many of the
leading Goldfield men feared long
fought litigation Botsford heart
Hutchinson and Van Rieper discus!
the advisability and probability o.
securing an option on the stock ant
forming consolidation and afte
several lengthy discussions it wa
decided that Botsford attempt t.
secure the options on the stock
Botsford stated that he desired t
work alone and secured the prnmis
of his two partners not to bottle
him in the work, as he was desir
Gus of using his own methods.
About the first of November tn
control of the stock was under OF
ton and turned over to Wingfiel
and his partners. Botsford re
ceived 100000 shares of ConsOl
dated stock for his share of tn
transaction. OF this amount 5000
shares were rendered to anothe
party who advanced the necessal
funds to secure the options. Al
other block of 5000 shares was ais
distributed This left Botsfor
with $1,000 shares as reward fl
his work. Hutchinson and Va
Rieper asked for their portion
the profits and were informed th
they had nothing to do with Il
work and as consequence we
entitled to nothing. An injunctit
was secured preventing Botsfo
from disposing of the stock, whit
was placed in the bank, and thu
the legal battle was commence
Hutchinson and Van Rieper s
cured a victory in the lower cou
and the case, after many diffic'
ties, was carried to the SUPPER
court. Mr.. Alling argued the m;
ter in the higher court for bet
& Carney, the Goldfield attorne
who represented the plaintiffs, a
Yesterdays action goes agail
Botsford.
The present value of the $50
shares is about $265, 900, while
dividends which have been accrui
will amount to 100000. OF
total amount Botsford will rece
one-third, while the remainder v
be divided between Hutchinson 8
Van Rieper
Botsford, who at the present ii
is in Paris, ably demonstrated t
he was a financier of the finisl
sort. The million dollar deal VIII
he transacted was consumma
within six weeks after his arr
in Goldfeld, and had he attemI
to play fair with his associa
there is but little doubt that
would have made a name for b
self among the celebrities of sol
ern Nevada,