The daily gazette., 1880-08-19
Tricks of the Bon dnsa Kings
WHO THEY MAKE AND WHO THEY
BREAK BIZ GIVING sTncK-JoBBINa

POINTS.
San Francisco Letter In New York Sun.
The phenomenal financial success of
Ulysses S. Grant, Jr., through the med
ium of Mr.. Floods points, is interesting.
1t Is said young Grant is engaged to
Floods only daughter, Jennie, who has
$2,b00,0OO in Government bonds t =
interest on which is 100000 per year,
which, added 70 Bucks modest $780,
900, will give the young people very
fair start in life. The system adopted
by j. q. Flood in distributing points
illustrates his knowledge Of human ra-
ture. He has in bis employ a private
secretary named Wells. When he wishes to
distribute points to the street he drops a
few hints confidentially to Wells, who,
of course, has friends, In less than an
hour Wells has distributed the intorma-
tioH where 1t will do most good. Wells
goes in on his own accord on the
strength of these points, and is kept, Of
course, In continual condition OF
poverty.
The bonanza firm keep all their
employees poor. If they permitted
them to geG rich they would leave.
Floods points to young Grant were
doubtless truthful. An alliai ce OF the
two families was desired "for old times
sake" g. ant, II seems, was one of the
best customers Flood & O'Brien had at
the old 'Auction Lunch" saloon in
Washington Street during the Argonaut
days. Flood reflected that IL would
not do for his daughter to marry poor
young man, and further, thst It would
be better and cheaper to put young
Grant in the way Of making little
money on his own account than to be
under the necessity of giving him tie
money outright in the end. This put
all parties ostenslbly on more iDde-
pendent footing. But the points given
to Johny Skae, formely worth $2,500,-
900, and now $250,000 worse off tran
nothing, were not SO well grounded in
In truth as those given young Grant.
Charlie Noyes of the Chronicle could
also a tale unfold, II be would, on the
subject. Some years ago, when he was
a prosperous merchant worth $4,000,
they gave BIN, through their cappers,
points that left him high and dry ON the
curbstone. And so it has been with
every one whom they ever approached.
They never let a man 60 while he had
a cent. remember that just after the
movement in Union and Sierra Nevada
last fall, while men were running
around nearly distracted for more
"mud" to make their feeting margins
good, threats were made against Floods
life. Ore man, a Kentuckian, swore
that he would rent a room 10 building
commanding the Pine-street entrance to
the Nevada Block and shoot Flood on
sight.
Whether he would bave done so do
rot know, for his tror lies eliminated in
a day o. Two afterwa:d in lurscy, and
he was removed ON the c,oy. The re-
sources Of ire bonanza firm ard tnelr
csppeii in distributing points sucpasses
comprehension. They have ruined
eve,y one they ever went ior with The
single exception of James Keene, who
knew their cappeJs and well upde, Stood
their deadly hostility to him. When
one OF these parasites approached him
with exclusive in;ormat'on be expressed
the greatest gratitude, SET up zoe wine,
and fo.vhwith coppered the Iofo nation.
He lett San Fiapcisco With So, ,0O0, ,00O.-
The thousand aud one stories tiat are
told, written and published about The
princely liberality of the BONANZA finn
are made out of whole clooh. Theil'
wealth is very much over-estimated.-
Thew are worth as fl m abouU $40, ,000,-
600, that is, taking the market qr otajo
for their stocks, lie value OF ,beir zeal
estate; Government DO IDS and bapSing
business. II all .heir pi ope- " was sold
to-day at TO ced sale they would clean
up about 25,OO0,000. Mack?y has a
two-iiths inte. est 10 The firm, "a I'D Flood,
Fair and tne es.ate of w. S. O'Brien, de-
ceaseo, each a fl III. Fair Das re,i.ed
from active business. Flood, IL is said,
has sold out all his miD'2g interests to
Mackay, bat nobody believes it. Mac
kay remains in Virginia City, working
as hard ss any niue, because he is lost
amid o,be- surroundings. He possesses
more honesty and generous iD3DiDcts
than any of Tile fiiu. He is NODES, but
of late years has become somewhat mo-
rose. The possession of unboun6ed
wealth, for The admiu usti at on o. which
he is not fitted either by education or in
stinct, has served only 20 show to bin
the meaner trails of human natu.e. He
has been bes 4 by adve i.urers appealing
to him for aid, under every possible pre-
tense, until he has become soured in
temper and of a suspicious cna"acte-.-
The reign of The bopaDza kings Is about
ended. A young man from New Je. sey
has been fighting them in the courts for
more than Two years to force them to
disgorge nearly forty milliors of dollars
alleged to have been feloniously with
held from stockholders by meaus of IL
legal contracts. Recently their last de-
murrer was overruled, and the cause
will now 60 to trial upon the facts, all
the law points having been decided in
Burke's favor.