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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: E. Charters who wrote (63170)	1/29/2009 6:15:00 AM
From: marcos	Read Replies (2) \| Respond to of 78416

'Rogers, Lawson, and William Rockefeller acquired Anaconda – the company worth millions – without the expenditure of a single dollar of their own. This is how they did it: Rogers and William Rockefeller took title to the mine properties, giving to Marcus Daly a check on the National City Bank of New York for $39 million, with the understanding that the check was to be deposited in the bank and remain there for a definite time (National City Bank was closely associated with Rockefeller’s business dealings). Rogers and Rockefeller then set up a paper organization known as the Amalgamated Copper Company, with their own clerks as dummy directors, and transferred all the mines to Amalgamated for $75,000,000 in Amalgamated capital stock. From the National City Bank, Rogers and Rockefeller borrowed $39 million to cover the cheque they had given to Marcus Daly, using the $75 million in Amalgamated stock as collateral for the loan. They sold one-third of Amalgamated stock on the market for twice the amount they had paid Daly. With the proceeds, they retired the $39 million loan from the National City Bank, and pocketed nearly $40 million as their own profit on the deal.' en.wikipedia.org '... William Rockefeller, together with his son, Percy turned for help to a shrewd, intelligent businessman, John D. Ryan...' - wonder if he has any descendants named John P Ryan Any chance you can spot me forty million for a hamburger i shall gladly repay tuesday?