Juniata sentinel and Republican. [volume] (Mifflintown, Juniata County, Pa.) 1873-1955, 1878-12-11
Nevada shares.

In big wholesale house down on
Front street. San Francisco. there is 4
certain young man employed, who, by
dint of hard work and rather frugal
habits, had managed to save 5000 from
his meagre salary. An acquaintance OF
his-a man in mining circles-said to
him one day, about three months ago
''Jim, if you want to makes some
thing, scrape some money together and
buya hundred shares of Sierra Nevada
it will go up, maybe, one of these days,
and you can get something pretty nice
out of it.
The young man smiled, he had had
points before. but the more he thought
about 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-
tion, and as he had never advised him
to buy stocks, it impressed him more
and more strongly that there was some
thing in it. But he only had 5000, and
his informant had told him to buy a
hundred shares. The stock was then
pegging along at about 81 a share To
get hundred shares he must get $500
more. He brooded over the subject a
few days, and then his friend asked:
''Have you got that stock yet, ,"
NO"
Better get it," said his friend, ''yon
haven't got much time
The young man went and put up his
watch and got another 800. Then he
sold some other trinkets, and raised
another $50. Something else went, and
he had just 1895 all told He watched
the stock list, but Sierra Nevada hung
at 81 with tantalizing persistence Fl
nally 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 So, and then the coveted
800 was intact. The day he gave the
order, Sierra sold at s., but the broker
told him, "All right; I'll buy it on the
800 margin, and carry it for you"
The stock was bought, and in tive
days was selling at $3.50. Then it went
to $40 and Sl2, and finally the whole
street knew of the new bonanza. At
about Sl2 and Sl5 the young man
was crazy to sell, but the original
informant would not let him. or rather
begged him to hold or.-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 S220 for the stock, and walked off
with check for s2l 900. He put it into
bank and the next day walked down to
the store where the young man was
employed who had loaned him s..
Jack" he said, ''do you know owe
you s..
Jack looked puzzled for moment.
Eyes By JOve, believe you do! Cad,
I'd have forgotten all about it if you
hadn't spoken
WELL" said the lucky one, "Tve
come to pay 1t, and apologize 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 five 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, corner of /
the envelope peeping from his pocket |
attracted his attention. Ii occurred TO |
him what it contained, and he opened |
it, when to his utter amazement he 1
found check for 50 500, with this lit
tie note pinned to it:
DEAR JACK: | return you S. with |
interest. Your readiness to oblige me /
aided me in buying 100 shares in Sierra
Nevada at So and have just sold at S:20.
The enclosed is an evidence of my
gratitude. Take this and be happy.
This is pleasant little incident and
it has the merit of being true.