MY BLOODY MASSACRE.
THE other burlesque I have referred to was my fine satire upon the financial expedient of "cooking dividends," a thing which became shamefully frequent on the Pacific coast for a while. Once more, in my self-complacent simplicity, I felt that the time had arrived for me to rise up and be a reformer. I put this reformatory satire in the shape of a fearful "Massacre at Empire City." The San Francisco papers were making a great outcry about the iniquity of the Daney Silver-Mining Company, whose directors had declared a "cooked" or false dividend, for the purpose of increasing the value of their stock, so that they could sell out at a comfortable figure, and then scramble from under the tumbling concern. And while abusing the Daney, those papers did not forget to urge the public to get rid of all their silver stocks and invest in sound and safe San Francisco stocks, such as the Spring Valley Water Company, etc. But right at this unfortunate juncture, behold the Spring Valley cooked a dividend too! And so, under the insidious mask of an invented "bloody massacre," I stole upon the public unawares with my scathing satire upon the dividend-cooking system. In about half a column of im-
