The Marietta journal. [volume] (Marietta, Ga.) 1866-1909, 1879-12-04
a MAN WHO MADE AND LOST a
FORTUNE HOW HIS LUCK
CHANGED.

FORTUNE HOW HIS LUCK
CHANGED
Nav YoRK, November, 20
There is now ia the street msu
who came from Connection, a few
years ago and made $500 900 10 six
months. He had $1,000 TO start
With. partly money that he bad saw
ed and the rest borrowed In what
ever direction he reached money
seemed to Gnt wer the touch The
news Of his luck lwent back aud fair.
" bewildercd the town whence he
came. OF thoso who took the fever
seven gave up tbeit,employment and
came TO the city, making here a lit
tie bunch Of ,epeculators like tmany
another that may be found in Wall
street, drawn together by like causes
from many parts oi the county 1t
ia Just when somebody draws prize
in lottery, ,straiehtway half the peo-
pie in The neighborhood go to buy
log lottery tickets. And for the
same reasons you may fad in small
cities or towns remote from New
York communities who seem to have
bent for stock epeculations. Ask
why, andlusually you will diacover
tina, samebodytlro that town has
gone to New York and taken up the
stock buiness or at some time has
made big hit there.
Among those who followed tho
man from Connecticut was a young
fellow who,had) about $50, 900 his
share of fortune left by relative.
This made him rich in bis country
town, but he was dazzled by the
then rapidly increasii & fortune of
his successful feIlow-townsman. He
began putting small bites Of bis
$50 900 into the Wall street sharks
mouth and lost steadily, bu. not
enough to alarm him, for he had no
doubt his luck would turn and give
him as muci, money az the man who
bad strnck it rich, bad made. He
met that fortunate Individual in the
street one day and said : you've
got 5000, 900 enough for anybody
to live on. Why don't you take it
aud get out and heep it ~
because want to make it
round million then lit clear out"
In less than two months he lost
every dollars of the $500, 900. Luck
weot a. persistentIy agains! him AS
il had been for him. and in desper>
ate endeavor to regain his lossee he
stacked up his marquis until the
whole great fortune had melted
away. Il took the man with $780,
600 a year to lose his money. He
made smaller and more cautious OPP
erations, but he lost the same. He
could not Withstand the fascination
of Tho street, and now he ia the
cashier of small banking concern
at salary Of 81, 500 year. The
$500 600 man stuck TO it, too ---
Sometimes he was clad and again
not 30 we'll. Occasionally he made
a liltle strike of few hundred and
speedily lost it all. When he got
particularly hard egrourd he would
Zip up home aud stay awhile, but
would soon return with small eapi~
tai and try again On August 4th
last he appeared with 500, which
be put up as a margin with broker
who had handled hundreds Of tbou~
sands for him 10 his flush days and
began to buy stocks. Ho struck
the st of this great food tide that
has inundated the country and came
in with it. As his profits increased
he kept on buying steadily, putting
10 all he bad with the nerve of col
der; and with wisdom gained Of
previous experience he stopped
short three days ago, when the mar
ket became choppy and uncertain,
and rested on his oars with 100000
10 bank This safely invested in
four per cents would give him an in
come Of $4,000 year, enough for
g man of simple taste to live on com,
fortebly but he sticks to the street
and is still going 10 TO make it a mil
lion and in' all human probability be
will keep at it until be is down again
and will wind up by joining the
small army of curbstone brokers
who lead wretched existence aud
finally fade away nobody knows