, 1877-01-20

and if stocks were in the rise, never
report to their partners in the office.
But if the market fell before ad-
journment, every transaction was
reported at the office with the most
faithful accuracy. All these men
claim to do "a strict commission
business" save one--W. G. Budd,
THE BAYARD OF BROKERS.
He is the most reckless of specula-
tors and the most constant of friends.
Ten years ago he caused friend to
sink eight thousand dollars in Hale
& Norcross. The unlucky man kept
out of sight till about the time of
the first rise in Con. Virginia. Budd
secured him 500 shares at 81 and
had the proud satisfaction of seeing
him unload at 4S5. Budd has his
faults, but ingratitnde was never
chargeable at his door. The same
may be said of that dubious blonde
PAUL MAIoNEY,
Who keeps the Grand Hotel bar in
partnership with the heir-at-law of
FalstaG---Pete Hopkins. Paul has
all of Budd's gratitude to his friends
and is more cautious operator, in
the bargain. But these men are a
corporal's guard, compared to the
army of robbers that fatten off the
Stock Board. About three years
ago, two young men went down to
San Francisco from Portland. with
about $50, 900, one having twice as
much as the otner. They made the
acquaintance of ''lame duck" who
had
SEAT IN THE BOARD
Which he put into the partnership
against their capital. Five months
later the firm was in the condition
which the Maoris of Australia call
pacharapm-that is "ruptured." The
Board member got away with some
$40, 900 but could not sell his seat,
which would be worth as much more
if he could "realize" upon it. One
of these partners made up his mind
that he might "as well be hung for
sheep as lamb" and when the
Con. Virginia fire occurred, bought
that stock at 220. When it ran up
again to 450, he
UNLOADED AT FLOOD TIDE.
And has never touched stocks since.
He bought few sailing vessels and
is content with legitimate living.
The curse of stock-gambling per-
vades all classes Of society. Mrs.
Lawrence Lavender goes into her
kitchen and says Bridget, your
ragged Old dress is positively dis
graceful. When l pay you $40 per
month, 1 expect you to dress neatly y
"Indade num-" says Miss Muldoon,
81 can't save the price of dhress,
at all, at all. Ophir is down to 80
and the blaggard brokers are sindin'
down till me livery day in me loife
for
So they are num-" In this way a
few men, like Sharon, Flood, O.
Brien, Baldwin, Hayward and Jim
Keene, bleed the city to the tune of
a million dollars per month. They
are human teredos, devouring the
very piling on which the superstruc-
ture Of the country is erected. If
Dick Turpin was alive in San Fran
cisco to- day he would commit sui
eide from grief at the loss of his re-
putation. The recent panic is said
o be owing to an attempt to crush
sHULTz AND Won BERGEN,
Chief owners in the Bullion and Ex-
chequer mines at Gold Hill. Hay
ward tried it last summer and slip
ped up. Everything in the shape
of a dirty conspiracy was tried and
had to be abandoned. AS for Flood
& O'Brien, they stoop to tricks now
-entrenched behind their millions,
as they are--at which they would
have revolted twenty years ago, when
they kept their little cocktail-foun-
dry at the corner of Washington and
Sansome streets. The average Cali
fornian is always honorable till he
he gets rich, and then, look out for
squalls. The bonanza firm are no
thing but
ovERGRowN BUNKO sHARPERS,
At the best, and Jim Fairs opera
tions are such that people ask what
has become of the other thirtg- nine :?
Harvard was once enormously rich
and rode over everybody. His wife
washed her own clothes and his
too, but he forced her to a divorce
because she was a plain, honest
woman, and not a fine lady. The
stocks she took in settlement of the
divorce paid well, while those he
retained, paid dividends of the Fen
ian persuasion. So to settle matters
and make expenses, he
MARRIED HER OVER AGAIN.
There may be skeleton in every
house" but some of these wealthy
San Francisco families appear to
have their own private dissecting-
rooms. Let us warn the young
against these entanglements. For
every one that grows rich like Van
derbilt, we find hundred lunatics,
q hundrad c11inidor and 4uino fh at