Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1881-02-05
WRITTEN REcoRDUN1oNl
The Ventures and Adventures Of Charlie Gould;
A ROMANCE OF THE STOCK MARKET
WRITTEN FOR THE REcoRD.UN1oN.,
sY EDWARD F. oAHILL.

r. ~ - u - kse
out Charlie Gould to hold consultation.
"What would you think of selling out
at the present figure, Charlie!'' asked
Dawlish.
'tThe stock is quoted at 65 to-day, ]
believe. Let me see. That would give us
nearly $1,000 on the clean up. Say
50, 1000 after paying Hart and other ex-
penses.
cit is not a great deal, perhaps, said
Dawlish, but l am getting little scared.
l have no confidence in the men who are
engineering matters. They are ready to
I throw off on each other at any moment
81 think it is good deal, said Charlie,
"but | am ready to trust to your expert.
ence of the market"
So think we had better. You see, there
are too many in the thing, and any one of
them could knock the bottom out by dump
ing thousand shares on the MARKET"
"All right" said Charlie, 81 am well
satisfied with the result 1t is like pick
ing four or five thousand dollars out of the
dirt. doubt if my father could lay his
hand on SO much money after his hfe's
work without mortgaging the home place. /"
This IS the place to pile up the shekels.
If you viii get me the certificates, will re-
alize at once, and lodge the money in bank,
in your name. "
Just as you please about that"
son, we VIII make a joint purse for
future operations. This is only the begin
ming, and there is plenty of money to be
made if we will only keep our eyes open.
1t is always better to keep your strength
together, and 1 know am perfectly safe
in your hands as, indeed, You would be In
mine"
Notwithstanding these representations
of Dawlish the movement did not seem in
the smallest degree shaky. On the 20sh
Of June the following telegram appeared
VIRGINIA, June 19th.-The Lone Jack visited by
30 or 80 people, and the reporters all went down.
The ore body, which created the excitement, was
struck at 100 feet above the bottom OF the Wine,
which extends from the 1600foot level and runs at
an angle of 20, 700 feet Deep being vertical depth
OF 275 feet below the 16Q0foot level Went through
the east wall; at 10 feet came unexpectedly on
which continues along the bottom. Material dis
placed from top of vein in carrying winze down
gives low assays; but wherever hole is cut in the
cap rock, good ore shows up some of it went to
5000. The width OF the ore body can only be known
by making crosscut and this will be done as soon
as the l900-foot level is reached which will be in
three or four weeks.
The businesslike brevity of the tele-
grams formed an agreeable variety to the
picturesque writing of the mining editors,
and during those three or four weeks which
were necessary to reach the 1900 foot
level, neither were spared. The Virginia
City Trombone blew a sonerous blast as
follows
The city is in o magnificent craze Of excitement.
The sinister lineaments of depression have hidden
themselves behind the rising sun of the Lone Jack
bonanza, which casts its glorious eugence over our
own booming Virginia. Never IN the palmiest days
of the Comstock was such "a high old time"
to quote the terse technicaty of the street, known
by brokers and business men generally. Deeatey
reared and carefully nurtured ladies think nothing
of issuing from that aristocratic seclusion which
" exclusiveness" SO imperatively enjoins and
watching with feverish interest the gallant upward
rush of the Lone Jack stock nor can we, in our
capacity OF ceusors OF public morals see anything in
the action which should bring the blush of shame to
the cheek of innocence We congratulate the public
on the now patent fact that the time has gone
by when the enormous benefits and riches
resulting from such developments as those
in question can be secretly shared BY the sci.
fish and favored few. Thanks to the never falling
accuracy and industry Of the daily press, the public
admitted to participate in all the glorious
possibilities of coming developments. That spsn.
did OF prosperity which started with the dscOy.
cries of vast ore-yieding bodies in the Cd Judge
and Lone Jack mines, may be expected to cul-
inmate and 60 rushing onward in is irresistible
course when the urbane President of the latter mine
announces to the eXpeeiant public that the 1900.
foot level is reached end the famous crscut about
to be commenced. We do not pretend to inspira-
ton, nor is prophecy in our line, but We shall be
much mistaken II the next thirty days does not
carry many of citizens into the ranks OF Amer
ica's millionaires.
The vein of poetry is richer here than in
c.,
ton. Nevertheless it was all quoted with
appreciation and much patting on the back
by the Trumpet and some other constitu-
ents of the orchestra. The strain was
caught up by the Horn, and the Barrel
organ (the mouthpiece of the liquor
dealers), composed sounding symphonyon
the theme. Even the Drum 1.-THE organ of
the ecclesiastical party, did some pious
humping on the subject. The dulcet
strains of the Flute were rather non
committal, and it posed in kind of
I-told-y ou-so attitude. The Flute was
always equal to either fortune and strong
in conscious righteousness.
The Lone Jack stock ran up to %, to the
great disgust of Dawlish, who, like most
sharp people, prided himself ON knowing
exactly what was going to happen. He
saw that his suspicious were groundless or
at least premature, and he found out that
he had acted on misleading information
1t was very exasperating that he should
have lost his hold of the best thing he had
ever been in, and he was disconnected with
what now seemed the paltry gains he had
realized, when there was fortune within
his grasp. He saw that he had drawn
back Just at the time when he ought to
have reached cut to grasp it. Such was
his frame of mind, when Charlie ran across
him one day about this time, and began to
banter him.
"Hullo, Frank, when shall we have
settlement of oar little business matters
Seems as if we got out too quick don't
it? Where's your sagacity now?"
"That's just what I've been thinking
myself, Charlie. We made most con-
founded mistake"
swell, 1 suppose it is too late now to
remedy it, and we had better settle up and
quit.
81 don't think SO" said Dawlish. 81
believe the chances are better than ever.
l was all wrong about the stock being scat
tered, or, at least, I know that it is con-
centrated in very few hands now, and
they are strong enough to hold it, and they
mean to- / have just had it from the
most reliable source that they will push
the stock to 500 before they get through"
"What do you think of the prospects in
the mine?" asked Charlie.
''They are first. class but that does not
affect the question much. They could bid
the shares up to 500 tomorrow if they
wanted to, but the public would not be-
lieve in it. They have got to initiate ma
ture."
''That's just it, and for that reason there
must be some substantial basis, or the
public won't come in.
"Well, they have it sure enough in this
case. 1t is certain that the ore body is $50
feet one way and 275 another. The only
point in doubt is the width"
"That's just the trouble, said Charlie.
81 don't think there will be any trouble
about that. l am confident the men who
are on the inside knew what they-were
about when they gathered in the stock.
You may bet your last dollar they knew
the exact width of the ore body"
"Why withhold it, them
"Oh, that's part of the game if they
told everything at once the excitement
would die away in few days, but by
doing out their information people are
kept on the rack. Everything they are