Union County courier. [volume] (Elk Point, Union County, D.T. [S.D.]) 187?-1913, 1878-10-30
NUMBER SO.
A STORY OF THE BoNANzAs.
How Jack leaned Jim e6 to Buy 100
shares Of Sierra Nevada.


shares Of Sierra Nevada.
From the San Francisco stock Report.
Here is a bright little oasis in th,
desert of selfishness that stretches it
dreary waste over about everything il
these days. 1t gives us pleasure Il
allude to it, it is so bright and fresh ant
original. In certain big wholesale
house down in Front street there is 1
young man employed, who, BY dint o!
hard work and. rather frugal habits, hae
managed to save up some 5000 from BIZ
meagre salary. An acquaintance of hi
"a man in mining circles-said TO him
one day, about three months ago, JIM,
if you want to make something scrape
some money together and buy hundred
shares of Sierra Nevada; it will 60 up,
maybe, one of these days, and you car
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 q position to know something
about Sierra Nevada andget early infor-
nation, and as he had never before
advised him to buy stocks it impressed
him more and more strongly that there
was something in it. But be only had
5000, and his informant told him to buy
hundred shares. The stock was then
pegging along at about "a share. To
get q hundred shares he must have 500
more. He brooded over The subject q
few days, and then his friend asked,
Have you got that stock yeti" "No."
Better get it," said the friend, "you
haven't much time" The young man
went and put up his watch and got an
other 500. Then he sold some other
trinket and raised $50. Something else
went and he had Just 1896 all told. He
watched the stock list, but Sierra Neva-
da hung at $5 with tantalizing persist
ency. Finally he said to fellow clerk,
Here, Jack, lend me $5 for couple OF
weeks; I'm short" Jack went down
into his pocket aad handed him IS, and
then the coveted $400 was intact. The
day he gave the order to buy Sierra sold
at IS, but the broker told him: All
right; I'll buy it on the $4OO margin
and carry it for you" The stock was
bought, and in two days was selling at
$3.50. Then it went to $40 and $l3, and
finally the whole street knew of the new
bonanzs." At about $12 and $15 the
young man was crazy to sell, but the
original informant would not let him, OF
rather begged him to hold on. There il
no use celebrating the story, the point
is not in the rise or in the what he made
out of it. Sufficient to say that he
finally got 1920 for the stocn, and walk
ed of with a check for over $21,.
600. He put in bank and the
next day walked down to the store
where the young man is employed who
loaned him the IS. Jack" he said,
"do you know ] owe you $57" Jack
looked puzzled for moment. Yes,
by ]ove, believe you do! Cad, I'd have
forgotten all about it if you hadn't
spoken" "Well," said the lucky one
"Pve come down to pay it and apologize
for not doing before. I've been sort oi
hard pressed of late. But here it is with
many thanks" And handing the young
man an envelope he left the store
Jack was busy at the time, and, snppos
ing a five dollar gold note to be in thu
envelope, crammed it into his vest pocket
and went on with his work. He nevel
thought of it again until that night, dis
robing for bed, corner of the envelop'
peeping from his pocket attracted hi
attention. 1t occurred to him what il
was and he opened it, when to his uttel
amazement he found q check for q, ,5O(
with this little note pinned to it:
"DRAR JACK; return you IS with in
terest to date. Your readiness to oblige m.
aided me in buying 100 shares Of Sierrl
Nevada at$5, and have just sold for $220
The enclosed il the evidence of my gratitude
Take it and be happy. Sincerely,