Fayette County herald. [volume] (Washington [Washington Court House], Fayette County, O. [Ohio]) 1860-1???, 1878-09-26
special Correspondence of the HERALD.

Special Correspondence of the HERALD. u -.
There has been more rejoicing, and
consequently, more swearing in Califor-
mia and Nevada, during the past two
weeks, than for many years. Stocks have
been just booming; and with the lucky |
ones, the proverbial goose hangs at a very /
high altitude, while the.air has been al i
most sulphuric with the piolts tsexclamations
of those who could not see far enough /
into mountain to behold the, 'bonanzas' |
developed in some of the Comstock mines |
and in the recently discovered BOdie dis |
trict. The fact that the State has pro- |
duced this year wheat crop estimatedsto |
be worth $40 100000 is entirely over
slaughed by the reported rich .discove-
ries of the deposits of immensely rich
mineral away down in the depths of the
COmstOck, near China. In fact, it would
seem that the most expeditions way to
make it available would be to tEknock the
bottom out, =" and have it brought to mar
ket by way of the Celestial Empire. The
Pacific coast is governed and swayed all
most entirely by the condition of the min.
ing stock market. It is the business of
the country, and one might as well set
his face against wheat speculation in Chi
cago, or cotton gambling in the South, as
to attempt to belittle. the Importance of.
our mining-stock interest. Upon the
mines depends the prosperity of the coast ;,
agriculture is secondary, and when the
mines are all worked out, there will not
be much of community left. The adj
in Cfno1Zc 6V1ri ho cf d01
partakes something of the character of
the rise caused by the EtBonaaza" discoY-
cries, several years ago, except that, con-.
! trary to the usual order of things, men
of small means have been benefited. The
stocks were so low they could purchase.
and the advance has made them jubilaLt.
A few instances mentioned by the papers
will give your readers some idea of the
way the thing works IL -5at.:.,tt,...,
GA young chap within two week was
lamenting that he had not money to buy
a few shares of BOdie. He was then seek
ing friend of whom he hoped to borrow
a couple of hundred dollars. He found
him, bought 400 shares. at 81 share, hy-
pothecating4 the stock for the other 200.
To-day he could sell out for $40 900, and
will get his dividend of So per share. OF
course, he is as happy as clam; never
had so much money in his life. Another
gentleman who has money, and buys
largely, bought a short time since lot OF
miscellaneous stocks, and left them with
his broker, and had entirely forgotten
what stocks they were. The other day,
his broker meeting him, said to him:
Don't you think l had better sell your
Bodie stock?' 'Bodie, -Bodie, have any
Bodfe?' well, yes, rather-2 900 shares.
'The deuce you say. Sell it, The broker
did so and sent him Il check for $4,000
VIM. M. Lens. a well-known mining op-
orator, holds 81 900 shares in this mine
which probably cost him so cents share
To-day he could have-so it out for $3.50,
!, 900, and probably can tomorrow, ant
quite likely more. He will draw in
, few days a dividend of 100000, but HI
, will hold for future dividends-and so w,
go>'' .'''-5'- 4.'-.'.-.
4 few months ago Sierra Nevada coull
, have been bought for So or 81 per share
!, and to-day it sold for $215. There ha
been combination formed against the
Bonanza firm, and it is reported they
had made contract to deliver 24,0Ot
f shares of Sierra Nevada, last week, a
$50 per share. This will leave them "oU
: in the cold'' to the tune of about tllre
2 and half million dollars, unless tn
r stock takes tumble, which does nc
seem probable from present Indication!
DEATH OF MILLIONAIRE.
!
The telegraph announced some time ag
the death of one of. California's million
: aires, Michael Reese, who died fror
e apoplexy while visiting his birth-plact
t in Germany. He was German Jew, ,bI
n came to Virginia in his early manhood
r and made his start in life in dealing
l. flesh and blood. He came to Californi
l. in the early days, and by investments
real estate, and loaning money, at emo
is nous interest, he amassed a, fortune
between four and six million dollars. III
st miserly habits were, for many years, Il
If talk of San Francisco. He would go
A. the most absurd lengths to avoid havil
0 to pay for a meal. Dining with a frien
he would, if his friend left any bread
N his plate, ask his permission to take
81 JildG w PaA Ou GllN C-A PSIAASS
[ ordering more, for he was an Irnmen
o'' eater. and he usually patroni2ed 81 tai
ed d'hote restaurants, where he ate So or
is worth at meal. On one occasion, it
to related, the restaurant keeper begged h
ld not to patronize him any more, s'for
said he, ''if you go OH eating like tn
ne either you will burst, or 1 SHALL" Rees
ed lawyer and most intimate acquaintan
was Mr.. FELTON,. One day Reese astoni!
ul ed him beyond measure, by inviting h
to dinner at a well-known restaurant, "a
mt asked him to bring five or six friends W
at him. Mr.. FELTON, could not believe
III. ears, but Reese repeated the invitati
he and it was accepted. The same day
o1a FELTON,, six friends and Reese went to
restaurant and dined sumptuously; {
to ing the most expensive dishes and dri
tlv ing the choicest wines. Reese was
seen to pay the bill, however, and it
oer forwards turned out that he had Obtail
: of Judgment against the restaurant kee
which the man was unable to pay, hav
be nothing in the world but his stock
hat Reese was constrained, as he expresses
obt to 'Etake it out in eating" This was
nol- only time that he was ever known to Il
anybody or anything. About 20 "
an ago a San Francisco woman of doub
in position sued Mr.. Reese for $4,000 da
ges for breach of promise of marriag
70 It was universally believed that the
hat was only trick to extort money; but
jury seeing it was the wealthy Reese
re- was defendant, gave her verdict
look So 900. From that time Reese was
that much afraid of all woman-kind as,
If Mr.. Weller himself was of the ''viddel
- ~. ,.. ,,,,,,. l-DoXvn tn keen n h,