The New Bloomfield, Pa. times. (New Bloomfield, Pa.) 1877-188?, 1878-11-26
FIVE DOLLARS WELL INVESTED.

THE San Francisco Stock Report says:
i In certain big wholesale house
down in Front street there is young
man employed who, by hard work and
frugal habits, had managed to save up
some 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 make
something, scrape some money together
and buy a hundred shares of Sierra
Nevada; 1t will go up, maybe, one of
these days, and you can get something
pretty nice out of it." The young man
smiled at first-he had points before
but the more he thought over it the
more he was taken with the idea. He
knew his informant was in position to
know something about Sierra Nevada
and get early information, and as he had
never before advised him to buy stocks,
il impressed him more and more strong
ly 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
$4 share. To get hundred shares he
must have 5000 more. He brooded over
the subject a few days, and then his
friend asked.
Have you got that stock yet ?''
"No.n
Better get it," said the friend, you
haven't much time"
The young man went and put up his
watch and got another 500. Then he
sold some other trinket and raised an
other $50. Something else went and he
had just 1896 all told. He watched the
stock list, but Sierra Nevada hung at
$4 with tantalizing persistency. Finally
he said to fellow-clerk, Here, Jack,
lend me $5 for couple of weeks; Pm
short" Jack went down into his pocket
and handed him $5, and then the covet-
ed $400 was intact. The day he gave
the order to buy Sierra sold at $5, but
the broker told him, "All right; I'll
buy it on the $400 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 $12, and finally the
whole street knew of the new bonanza.
AT about $l2 and $15 the young man
formant 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 had made out of
it. Sufficient to say is that he finally got
1920 for the stock, and walked off with
check for over $21 900. He put it in
bank and the next day walked down to
the store where the young man is en-
ployed who loaned him the So.
Jack" he said, "Do you know 1
owe you $5p"
Jack looked puzzled for a moment.
" Yes, by Jove, believe you dol Cad,
I'd have forgotten all about it if you
hadn't spoken"
"Well," said the lucky one, 1--we
come down t.. pay it and apologize for
not doing it before. I've been sort of
hard pressed of late. But here it is with
many thanks"
ANA nandlng the young man an en-
velope he hurried from the store. Jack
was busy at the time, and, supposing a
five. dollar gold note to be in the en-
velope, crammed it into his vest pocket
went on with his work. He never
thought of it again until that night, dis
robing 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 a check for $2,5OO
with this little note pinned to it,:
DEAR JACK = return you $5 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 at 1920. The enclosed 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
social circles and his modesty is the
only reason why we withhold his
name.
Cfrnaf I ifo In paLin