The Republican. [volume] (Oakland, Md.) 1877-current, 1878-11-09
A Story Of the BOnanzas.

STORY OF tue BOnanZaS.
HERE is bright little oasis in the
desert of selfishness that stretches its
dreary waste over about everything in
these days. 1t gives us pleasure to
aIlude to it, it is so bright and fresh
and original. In certain big whole
sale house down in front street there is
a young man employed, who, by dint
of hard work and rather frugal habits,
had managed to save up some 5000
from his meagre salary. An acquaint-
ance of his-a man in mining circles
said to him one day, about three
months ago. "Jim, if you want to
make something scrape some money to-
gether and buy hundred shares of
Sierra Nevada; it will 90 up, maybe,
one of these days, and you can get
something pretty nice out of it" The
young man smiled at first-he had had
points before-but the more he thought
over it the more he was taken with the
idea. He knew his informant was in a
position to know something about
Sierra Nevada and get early informa-
ton, and as he had never before adj
vised him to buy stocks it impressed
him more and more strongly that there
was something in it. But he only had
5000, and his informant told him to
buy hundred shares. The stock was
then pegging along at about 81 share.
To get hundred shares he must have
5000 more. He brooded over the sub
iect few days, and then his friend
asked: ''Have you got that stock yetP'
"NO.n g Better get it, said the
friend, "you haven't much time.'
The young man went and put up his
watch and got another 800. Then he
sold some other trinket and raised an
other $50. Something else went and
he had Just 1895, all told. He watched
the stock list, but Sierra Nevada hung
at 81 with tantalizing Persistency.
Finally he said to fellow clerk:
Here, Jack, lend me s. for couple
of weeks; I'm short" Jack went down
into his pocket and handed him s., and
then the coveted $500 was intact The
day he gave the order to buy Sierra
sold at s., but the broker told him:
"All right; I'll buy it on the S400 mar
gin, and carry it for you" The stock
was bought, and in two days was sell
ing at $3.50. Then it went to SO and
S12, and finally the whole street knew
of the new bonanza At about S12 and
S15 the young man was crazy to sell,
but the original informant would not
let him, or rather begged him to hold
on. There is no use celebrating the
story, the point is not in the rise or in
what he made out of it. Sufficient to
say that he finally got 1920 for the stock,
| rnA of oh g..
S21, 900. He put it in bank and the over
next day walked down to the store
where the young man is employed who
loaned him the S.. Jack he said,
edo you know | owe you S5?" Jack
looked puzzled for a moment. eyes,
by Jove, l believe you do! Cad, I'd
have forgotten all about it if you hadn't
spoken.n "Well," said the lucky one,
GIVE come down to pay it and apollo
gize for not doing it before. I've been
sort Of hard pressed of late. But here
it is with many thanks And handing
the young man an envelope he hurried
from the store. Jack was busy at the
time, and, supposing a tive-dollar gold
note to be in the envelope, crammed it
into his vest pocket and went on with
his work. He never thought of it again
until that night, disrobing for bed, a
corner of the envelope peeping from
his pocket attracted his attention. 1t
occurred to him what it was and he
opened it, when to his utter amazement
he found check for $1,000 with this
little note pinned to it:
DEAR JACK-I return you IS with interest
to date. Your readiness to oblige me aided
me in buying 100 shares of Sierra Nevada at
So, and | have just sold it for 1920. The en-
closed is the evidence of my gratitude. Take
it and be happy. Sincerely, --.
This is pleasant little incident and
it has the merit of being true. The
young gentleman is well known in So
cial circles and his modesty is the only
reason why we withhold his name
San Francisco Paper