Ralston's Ring, California Plunders the Comstock Lode [SIGNED]. George D. Lyman.

Ralston's Ring, California Plunders the Comstock Lode [SIGNED]

New York: Charles Scribner's Sons, 1937.

First Edition. Hardcover. Very good. 368 pp, illustrated. Original red cloth, no dust jacket. Some minor insect damage to boards, internals fine. Signed by Lyman (without inscription) on the half-title page. William Chapman Ralston became one of the richest men in California by monopolizing the profits of the Comstock Lode. He went on to found the Bank of California. "In 1875, Sharon [the Bank's Virginia City representative] sensed economic disaster and dumped his Comstock stocks, causing panic and eventually a run on the Bank on August 26. Cash reserves evaporated. With a debt of $5 million, Ralston resigned as bank president. He then took a swim in the San Francisco Bay and drowned. An audit revealed Ralston had taken funds to cover his investments" (Online Nevada Encyclopedia).

Item #20515

Price: $60.00

See all items in Californiana
See all items by