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NV - Tonopah,Nye County - Tonopah-Goldfield Letters - Gil Schmidtmann Collection

Currency:USD Category:Collectibles / Western Americana Start Price:50.00 USD Estimated At:100.00 - 200.00 USD
NV - Tonopah,Nye County - Tonopah-Goldfield Letters - Gil Schmidtmann Collection
Session D is a Mail-Bid Only Auction. Absentee bids will be accepted only. No live bidding will be allowed. All winners will be contacted after the auction. BIDDING ENDS MONDAY JUNE 27 AT 5PM PACIFIC TIME!!!
Letters Regarding Tonopah-Goldfield Stock Swindle

A group of five letters from clients of Sprague- Schwaikert, stockbrokers, of New York. In all of these complaints, the authors accused the company of swindling their clients by selling out their stock and demanding more money as margin. The mines mentioned are the Jumbo and the Tonopah Extension. The response letters are all dated July 1915. In them, Sprague denies any responsibility for the swindle and refers the clients to his lawyer. These letters and the responses show that despite high production, people were being swindled out of their money by unscrupulous negotiators.