OBSERVANCE
OF
THELAWInthe
winterof
1872,
theU.S.financierAsburyHarpending;
was
visitingLondonwhenhereceivedacable:AdiamondminehadbeendiscoveredintheAmericanWest.Thecablecamefromareliablesource—-WilliamRalston,
owneroftheBankofCalifomia—-butHarpending
neverthelesstookitasapracticaljoke,probablyinspiredby
therecentdiscovery
ofhuge
diamondminesinSouthAfrica.True,
when
reportshadfirstcomeinofgoldbeing
discoveredinthewesternUnited
States,
everyonehadbeenskeptical,
andthosehadturnedouttobetrue.ButadiamondmineintheWest‘
Haipending
showedthecabletohisfellowfinancierBaronRothschild
(oneoftherichest
men
intheworld),
sayingitmustbeajoke.
Thebaron,however,
replied,
“Don’t
betoo
sure
aboutthat.Americaisa
verylargecountry.
Ithasfurnishedtheworldwithmanysurprisesalready.
Per-haps
ithasothersinstore.”Harpending
promptly
tookthefirstship
backtotheStates.WhenHarpending
reachedSan
Francisco,therewasanexcitementinthe
airrecalling
theGoldRushdays
of
the
late1840s.
Two
crustyprospec-torsnamed
PhilipArnoldand
johnSlackhadbeenthe
onesto
findthe
di-amondmine.They
hadnotdivulged
its
location,inWyoming,
buthadled.
aliighlyrespectedminingexpert
toitseveralweeksback,
taking
acircularroute
sohecouldnot
guesshis
whereabouts.
Once
there,the
experthadwatched
astheminersdugup
diamonds.BackinSan
Francisco
the
experthadtakenthe
gemstovariousjewelers,
oneofwhomhadestimatedtheirworthat
$15
million.Ha:-pending
andRalstonnowaskedAmoldandSlackto
accompanythembacktoNew
York,wherethejeweler
CharlesTiffany
wouldverify
theoriginal
estimates.Theprospectorsrespondeduneasily--they
smelleda
trap:Howcouldthey
mustthese
cityslickers?VifhatifTiffany
andthe
fi-nanciersmanaged
tostealthewholemineoutfromunderthem?Ralstontriedtoallay
theirfears
bygivingthem$100,000
andplacing
another$300,000
inescrowforthem.Ifthedealwentthrough,they
wouldbepaid
anadditional$300,000.
The
minersagreed.
Thelittle
grouptraveledtoNew
York,
where
ameeting
was
held
atthemansionofSamuelL.Barlow.Thecreamofthecity’s
aristocracy
wasinat-tx-,ndance——General
George
Brinton
McClellan,
commanderoftheUnionforces
in
theCivil
War;GeneralBenjamin
Butler;
HoraceGreeley,
editorofthe
newspapertheNewYbrk
Tribune;Harpending;
Ralston;andTiffany.
Only
SlackandArnoldweremissing—-as
touristsinthecity,they
hadde-cidedto
gosight-seeing.
WhenTiffany
announcedthatthe
gemswererealandwortha.
fortune,thefinanciers
couldbarely
controltheirexcitement.They
wiredRoth-_,
schildandother
tycoonstotellthemaboutthediamondmineand
invitingthemto shareintheinvestment.Atthe same
time,they
also
told
theprospectors
thatthey
wantedonemoretest:They
insistedthata
miningex-I
pert
oftheirchoosingaccompany
SlackandArnoldtothesitetoverify
its'
wealth.The
prospectorsreluctantlyagreed.
Inthe
meantime,they
said,
Now.tlnm:is
nothingof
whichamunisprouder
than
ofImel-iecvuul
ubiliIy,for11 is
thisthat
gives
himhis’mmmarzdingplan:Intheanimalworld.1:is
an
e.rz:eerIingIyrushthing
tolet
anyone
we(ha:
youare
decidedly3:upcriur10himin[hisrespect,
andtoletotherpeoplesee
it
too.
...
Hence,
whilerankandriciies
mayalwaysrec
kon
upondeferen-Iialrreamzmrin
sncirrzy;thatis
s()mc,'2’hiIIg
u,hin'zinzeitrrctmil
ability
cannever
expect:Tobeignoredisthe
grecltcslfavour
rliowri 10 it;andifpr-‘optsrwliceitat
all,itislwcausc
theyregard
Ifasa
pI'.c’r‘eofimpertmrmrr,or
elseas$(>metIn'ng
tnwhirl:itsp:n:¢e.v.s'rn'[msno
legiti-marc
right,
and
uponwhichhedaresIn
pridehirIm’If.'andinremind-lionand
revengeforhis
conduct,peoplesoc-relly
Irv
am!lzunn'ii-alehill!
in
someotherway.’and
iftheywait
todo
this,
1'1 15
only
for41
fittingoppm'mm'iy.Aman
may
berLHm!11bIvas
p().s'.riI7lcii1hisilemcunour.
and
ye!/mrdly
ever
getpeopleto
overlook
his
crimein
xru/irlingimeI[ecm-ally
abovethem.IntheGardenofRoses.Sadr‘make-5thz:remark.-"Youshouldknowthatfuoli.s‘]1[imply
an!ahumiredfnlzimon-uwerse 10
meeting(hewirethanI/In’wise
are
irutir/:<m’ci/or(he
companyofme
foolish."LAW 21 15?‘