that if it were not acceded to he would be compelled to buy up various Mexican mines and flood the market with quicksilver to the great detriment of the “Blue Mass Company,” which thoughtful suggestion, offered by a man frequently alluded to as one of “California’s great mining princes,” and as one who had “done much to develop the resources of the State,” was not to be lightly considered; and so, after a cautious non-consultation with the Company, and a commendable secrecy, the stockholder sold out.  Whereat it was speedily spread abroad that the great Capitalist had taken hold of “Blue Mass,” and the stock went up, and the other stockholders rejoiced—­until the great Capitalist found that it was necessary to put up expensive mills, to employ a high salaried Superintendent, in fact, to develop the mine by the spending of its earnings, so that the stock quoted at 112 was finally saddled with an assessment of $50 per share.  Another assessment of $50 to enable the Superintendent to proceed to Russia and Spain and examine into the workings of the quicksilver mines there, and also a general commission to the gifted and scientific Pillageman to examine into the various component parts of quicksilver, and report if it could not be manufactured from ordinary sand-stone by steam or electricity, speedily brought the other stockholders to their senses.  It was at this time the good fellow “Tom,” the serious-minded “Dick,” and the speculative but fortunate “Harry,” brokers of the Great Capitalist, found it convenient to buy up, for the Great Capitalist aforesaid, the various other shares at great sacrifice.

I fear that I have bored my readers in thus giving the tiresome details of that ingenuous American pastime which my countrymen dismiss in their epigrammatic way as the “freezing-out process.”  And lest any reader should question the ethics of the proceeding, I beg him to remember that one gentleman accomplished in this art was always a sincere and direct opponent of the late Mr. John Oakhurst, gambler.

But for once the Great Master of Avarice had not taken into sufficient account the avarice of others, and was suddenly and virtuously shocked to learn that an application for a patent for certain lands, known as the “Red-Rock Rancho,” was about to be offered before the United States Land Commission.  This claim covered his mining property.  But the information came quietly and secretly, as all of the Great Master’s information was obtained, and he took the opportunity to sell out his clouded title and his proprietorship to the only remaining member of the original “Blue Mass Company,” a young fellow of pith, before many-tongued rumor had voiced the news far and wide.  The blow was a heavy one to the party left in possession.  Saddled by the enormous debts and expenses of the Great Capitalist, with a credit now further injured by the defection of this lucky magnate, who was admired for his skill in anticipating a loss, and whose relinquishment of