Dividend No 3 to the Shareholders of the Comstock Tunnel Co
Dividend No 3 to the Shareholders of the Comstock Tunnel Co
Frank J Frank Jameson Symmes
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10, 600 " 650 " 32, 082 There were thus issued, November 12th, twenty-two certificates to eleven persons, aggregating just . . . 551, 988 After this laborious undertaking of November 12th, your President and Secretary appear to have required a rest of two days, as no further stock appears to have been issued until the loth, when twenty -five certificates were disposed of; and, apparently still weak from the labors of the 12th, but nineteen certificates were issued on the 10th. By a singular coi...ncidence this number of shares issued November 12th (551, 988) corresponds exactly with the number in the Sutro Company which failed to subscribe to the bonds. It would appear, therefore, that the Syndicate was very careful to deal out first its own shares, which cost nothing, and to wait a little and perhaps try the market before issuing yours. How long did you wait after November 12th? And why is it, if these gentlemen were justly and honorably enti- tled to these shares, that they thought it advisable to issue nearly all of them in the names of other parties principally clerks?
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