The New Orleans Democrat. (New Orleans, La.) 1875-1876, 1876-03-08

lSan Francisco correspondence Philadelphia
Bullgtiu.l
The people here arc crazy on the sub
ject of stocks. You step into a boot
backing establishment. and rs the
darky brushes the mud off he remarks
tChoIlar's looking up, sab. Quite 9
bulge dey got in Californy." You car
stock from IS cents up to $3.50 q share
SO everybody, from the richest man IL
the city down TO the newsboys. car
handle II. 10 illustrate the extent te
which this gambling mania affects al
classes OF people, l will relate little
incident which came under my own OBJ
Hotel Tho waiter placed plate oil
soup in front OF the gentleman opposite
me, n prominent stock broker. whom
we will call Smith. As he put down the
plate the waiter remarked:
What do you think Of Nevada. Mr..
Smith o. I lr0
well, ! think they are good pur-
chase at 500" said Mr.. Smith.
Use got ten shares dat cost me 49,
said the darkey, ''and / guess you may
sell them for me in the morning. Fish.
sab p 4t
Eyes bring me some sea-bass.'
The fish was brought and the CONVEX
sation continued.
what do you think of Ophir. sab p
well, l don't think il will 90 much
higher. They run it up to 80 to-day"
Use got fifteen shares Of dem dat ]
held u good while. / bought em at As.
guess you can sell dose too"
And so II went on through the entire
dinner. With each course was an or
der to buy or sell some stock. The fell
low had invested his little savings in
marquis on trades, and cleaned up
nearly $4,000 as the result of his opera
tions. The conductors on the street
cars hardly have time to collect fares,
they are 50. much occupied In trading
with the drivers. There are some queer
stories told Of the means adopted to in
iiuence the market. One OF the leaders
OF the Big Bonanza ring, when asked
for points by his friends, tells them that
they may read the Dish disIp.atcRes he's
on ID. his desk. These dispatches
he himself had dictated, and when his
friend buys or sells, on the strength of
them he finds some bright morning that
he has been bucking against the ring
and been swallowed up. Another we'll
known operator who lived at Virginia
City, and whose apartments were shared
by fair companion, came down to San
Francisco, and after few days wrote
his fair friend to buy shares in certain
mine. OF course the woman told one or
two intimate friends, they told others.
and as soon as these people had bought
oil they could put UP margins for the
ring began to deliver stock. The
stock had been watered and the
outsiders swindled. Some say that the
operator who engineered the thing re-
his lady friend, while others
say he had not even grace to do that,
AS soon as man makes a fortune here
he at once builds hotel or theatre. or
course the Palace takes the lead among
the hotels. The exterior is anything but
beautiful, as it is nothing but q great
square building, with an excrescence in
the shape of bow window to each
room, giving a decidedly eruptive ap-
pearance. The interior is not as
elegantly finished as l had been led
to suppose, and in this respect does
not at all compare with the Palmer
House in Chicago. The rooms are all
well lighted and furnished.
but the favorite apartments for families
and regular boarders are those on the
sixth floor opening on the large covered
court in the centre Z. j. Baldwin. or
9 Lucky Baldwin," as he is called is
building a large hotel, with a theatre i'm
The centre. II any one else were to nut
up such building everybody would
predict loss on the investment, as the |
own is overstOcked with both hotels |
Ind theatres. But as everything this |
nan touches seems to turn to gold. I |
,r11,r,oSa If will r,oxy . =