The daily Cairo bulletin. (Cairo, Ill.) 1878-1???, 1882-08-31
Cattle Millionaires.

With the present high prices OF beef,
and the COW literally jumping over tho
moon, Wyoming cattle men are reapng
rich harvest, and many OF them will
make almost independent fortunes this
summer. The rise has been SO rapid
and transfers are made so easily that
large transactions are made every day
IN which the buyer doey not see a hoof
OF his purchase and very likely does not
actually use more than Onc-haf Of the
purchase money in the trade before ho
has sold and made an enormous margin
in the deal
A year ago n Laramie plains cattle
man was offered large Utah herd and
ranch for $4,000, which offer as ac
cepted at the moment, but later reject.
ed. Since that the Utah man sold
$4,000 worth Of the herd, then ,old the
ranch for $500, alterward pu $1,000
more into the bunch and last week sold
it for $40 900. In other words, the
Utah man is to-day ahead over $4,000
because his last years offer was not &C.
cepted.
Several years ago one of the most
prominent cattle men in Wyoming, who
can to-day easily command 100000
for cattle trade without impairing his
business, went TO Boston to negotiate a
loan with Massachusetts capitalists.
He met an old man who knew more
about cent per cent than he did about
Wyoming and Colorado cattle, and be.
gan 10 talk business He said that he
was making large profits on his present
investments, and, therefore, he wanted
20 put more capital into the business,
very naturally, to increase his income.
Mr. Moneybags asked what security
would be given.
II would secure the loan by mortgage
OH my herd sir. -
Where are your cattleg'
"Some IN Wyoming, some in Nebras-
ka and some in Colorado
How much land have You under
fence?'
"None"
How much land do you own?"
Not a FOOT
Whose land does your stock Craze
on?n
Government land"
How often do you see your cattle?"
"Once a year"
Don't you have a herder with
| them?'
"No, sir"
well, young man, would as soon
| loan you money on the herring in Bos-
ton harbor'
a Cheyenne man who don't pretend
10 know maverick from mandamus,
has made neat little margin OF $lj.-
900 this summer in small transactions
and hasn't seen cow yet that he has
bought and sold. Cheyenne is wild
over the market and Sixteenth street is
| young Wall street Millions are
talked of as lightly as nickels, and all
kinds Of people in all professions are
doubling in steers. The Chief Justice
Of the Supreme Court has recently sue
cumbed TO the contagious excitement
and gone to purchase $4,000 herd
Everywhere the excitement is as bad
as il ever was in mining stocks in the
old palmy days of Comstock. How
long this thing viii continue is a matter
OF pure speculation. Whether the labor
ing classes Of the States will eat por-
ter house steaks when they taste like a
government bond, or quit all at once
and knock the bottom out of the Chca-
90 market, no man knows TO a dead
moral certainty. OF course all is smooth
sailing now, but we doubt the proprie-
ty of iooling with this thing right along
for six months, for one Of these DAYS
buyers will insist on a delivery Of the
goods and sales cannot be made mme-
diately enough to omit the universal
kerplunk, We may not be using the
correct terms, perhaps, but our meaning
may be readily gathered. - B1OH,eraH9.