New-York tribune., 1875-11-13
BESITESS LIFE IN. CALIFORNIA.

THE METHODS OF GAINING WEALTH.
THE MANIA FOR STOCK GAMBLiSG-THE LABOR
MARKr-r-sPrCULAIIoN IN GoID-THE PALACE
HOTEL OPENED.
IFRoN OCCASIONAL CORRESPONDENT oF TIE TRlBufE'l
SAN FRANCISCO, Nov. 5.-Tbe Bank OF Cali
fora ieopened lis doo.s TO the expectan public se'
erd weeks ago and everything now IL g0ng ON again
as quietly as nothing had ever happened to Interrupt
for one moment tie calm flow OF financial prosperity
20 NC sure one big ship and great many small craft
have gone down in the s'orm hat what ale tey among
90 sny RastOn the prince OF hranct IA IL ruined and
dead whether driven by despar aud fear OF disgrace u
take his lfc whether Lis lie wac taken from hin
in merry 10y what call atcident-what matters II
he has gone and others have taken his place Not that
man among them is capable oi filling this place. but
thon ga living Gos is better than dead Ion' and 81
now tlRt their chief Is gone. sharon, Flood Co have
mounted at to the topumd wave oi PROSPERITY ana
popularity. though greatly relieved ny TINS reStoi
n possible oi tie Old order oi tnngs people an
still very depressed f0r STOCKS ac down. and sho"
no sgRs rising Never did mercury respond more IN
stany to tin cunnges of tne Temperature than does 'e
pop,ar Mid Of san Francisco TO the rise and fall OF
STOCKS. The mania for stock gambling per'ades ana
possesses this Whole community, Dut especially rue
among the women WHO quite ms knowing on the sub
j,ct OF the stock markets as ATE the men, GNe woman
here hundred dollars, and there il not one III
thousand who resist the temptation TO invest ID
stocks The risk losing her money weighs as feather
in the scale against the delightful chance, which her
vivid Imagination las already made dazzling certainty
OF being able double treble the sum invested, nnd
then with her shs VIII buy more stock. which VIII
Weld like profit. aud Gd ,ntiattn Not woman
Invests a few hundreds thousands in TINS way-Hnd
men are IIttle II any wiscr-but herself thr
prospective possessor Of Millions and the fact that every
aOw and tien company coialses ke p'leRed oiau-
der and its stockLO Olders find thai their fortunes acua
as wei as hoped for have vanshed in hn ar iaiis I"
int nidate or discourage in the slightest degree f"f
then new Co npanes are started and stockholders
invest gu dcd By that hope which "sprngs eternal ia
the human breast and everything begun over again
with the same chances Of success or ruin.
OPPORTUNITIES TO WORK.
Before san Francisco used to hear 1t spoken
OF as II Dorado where fortunes were to be made
at every turn and almost IL would seem, by ineIc
sleght-oflsnl This is certainly not tre now though
am tod wac the in the early days and an Instance
among many may be cited Of one who some II or 20
wears ago was engaged retailing whisky to Glance Gus
at the rate Of bit glass;, bui III lew years
BEGAN 10 make fortune and now one Ot tie weaiest
and most influential men iI san Francisco In These
days ii has money to begin with and Il possessed
of good business capacy, he can undoubtedly ainass
fortune more Rapidly in this city than anywhere else III
our whole country Again. if young man. coming from
the East, brings with bin such letters rs TO open way
into business. and if lie gets fairly launched,
must be his iaul he does not succeed But those
who come and base their hopes of success simply 0n
their own mcritsuO matter how great those merits may
be-ncyItahly fail. The market of capable oibeieni
young rn IA ovcrsi0ckcd, and many hundreds Of would
hc CLERKS bOOksccpers, Its-Tealy talcn cd en-
ergctic icOwsare here out OF employ meni, In|orh-
or hoping agains hope, aud ashamed 10 give up beaten
AMI acknowltdcc failure where nam no more d.
serving than they have succeeded Artisans, trades
ueupe laborers, and servants, AL prosper here,
bu in the professions AMI arts the supply Of workers 10y
far exceeds tlo demand 10 servants especially this
must the seritabe promised Lind. for The wages
they command enormous, rnl the work compare
lively light good housemaid to' Instance, Is rald
from go 10 $50 a month rst-class cook cin1O lr
had less than 500 and "u' rro' tordon hcH VIII
command as much as go monthly! Even sod C.ineS
cook @iSll cams 81 WetN' ana u 'hnos' ~ - Wv
known, viii work for Jess than any class Z" "ht"p"p'
II il were f'r this large item OF se'NGni wage,
added to The high rcut OF h0nsiS ~ IN h 9ih
wpCd bot bc 20 ~ nue.! detref tiian lu NeN-l OK.
Butter ami the only market po"1ce 'nr ", ,lch
rnriua ant prcrs are sed fable butter beng 80 cents
pound and eggs varying irom 90 10 % cents d"z'n
hrr. is 1Id an 81 yer rhac,s neither given
nor received p; ~ the dsco as quoted 'o The day
"'Chugc." 1He uuly cllsses OF the emnihunlty on
which ms state Gf filings hears heavily ere tine Govern
mcnt ofici j. wio arc paid in United Natcs currency
and thosc prrsous tcmolaii residing Leie, whose III
derived irUu tuc Ea., ana t"ciciot u as0 sent
to them in = e'noncAs To tncSc me i".hS 1hHWhtir
WIN eItsn,' ri ri =, Inv yijin - T,I Sn, Tyo cs
his currency legal tender but yes oinno, prevent iN
being most isrc-cctiuly shon Of AZ least ''tb
Of d, value IN on" ot rs own stat 81 - Francis
cans. however a.c prOdung enormously by thc lg .cn
hsn irft "l ed I'D S' Ill Il ,t!cS w. ~ nov ~ ] ,.
here. snXi,us 10 make liy white the sun shr-, nr'
eenln- every Lard dollar ney can i1ke ana scaC 10
get IN exchange IA buy Goods ~ the lower lrrcs cu-
r,lt IL the tistern market and ninf u tatse soads
back here scu tncm at h-Ae: itc', and alt l'ld III
gold too winch they aSan urn !" pi"at ID me am
every revolution and 50 the ldrsheh p"oPer ana gro"
rch.
TIE PALACE HOTEL
On the same day thai tbs Bank OF California began Its
Pat IIoff fJ cI far
reception Of guests THIS enormous hotel was erected
under the patronage of the late william Rdscn, aud is
monument worthy the memory Of that remarkable man
It is an aud most Imposing structure occupying
a it entire square, and rising seven stories in
h.ht 1t Is built around large courtyard protected BY
glass roofing which lets the sunlight in and keeps
rsn aud wind The facing ihe courtyard are nat
uray the least desirable and aro reserved for tran
sient guests who required to pay - 30 daY-in
god however, Otherwise the charge would be i6te
Ig.er than al tirs class hotels in New ok Bui II IL
from tine permanent boudefs that the owners oi the
hotel pect 10 derive the greatest profit For SUITE OF
;,Sp rooms rlor and bedroom, occupied by two propc,
the cnaig j. 5000 month. A.rs William RiistOD has
engaged for herself AMI children: ana MI ffisi
lander the great capitalists "i This CITY, occupies
with hs family su te 81 twele IoOuh. ana cC1tfinieS
toward the support Of the hotel sN5o'em yearly. was
epeakug the otItF DAY iO San FrHncscan aDout the az
uarcntly CnOrmous wealth 0l iAc Cltl Zee, hc hid,
q hcrc great many rich mon IL san ifauciSco hnt
for al that tnCy bat ttC nUnty ~ their command,
and marx how often il apc1s tnat When nih icpleu
the possessor OF tolossa ior' inc "ts he & u ,
ciIed notable instance tbe case OF the Late hr -ty,
VINO was deemed the wrallhi'st nan on the Pacinc
coast, aud alter hs death, when they settled the
es,ae aud pad all his debts. there was abso-
juttIy notlin. let And there was Ralston too.
who was thought to own untold millions, aud yet
hardly there TIME 10 breathe after receiving ihe
news of ms trag1ca dean before his whole property
Was seized and appropriated lis s.cor drowned body
was brought in and land on the be,u'iu marble mosaic
tahc m tlJ dr;i Wiue Nch he Lad furnished ana
adorned with much Irdc but even taat was iaN o.
granted 10 him. wao, dead living COnid 10 longer
claim as right any place that hosc. where bni lew
before lac had been uiGisu'"d ln"stsr Ills NE
WAS insured for 81 10000, whcI tIcre no
a