Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1882-09-06
ing that shows he is not native to Man.

ing that shows he is not native to Man.
haitian.
James R. Keene is graduate of Califor
MIA street, who migrated to Wall street six
or seven years since in quest of larger ven-
lures and ampler rewards. Having brought,
1t IS said, several millions with him, the
wlseacres OF Gotham predicted that he
would need it all before he had passed
twelvemonth In his new home. His ruin
was regarded as inevitable; he was called
fool for coming here to be financied out
OF his fortune; no little contempt and
commiseration, often combined, was ex.
pressed for him and his approaching fate.
His fate has been SO long deferred that
prophets have nearly ceased to prophesy.
Keene has proved himself match for the
widest bulls and the fercest bears of the
Stock Exchange. What San Francisco
does not teach New York cannot impart.
His advent was actively advertised, and
Broad street spiders invited the Pacific
coast fly to walk into their parlor. He did
walk in but the animation of the meeting
was not confined TO the fly. 1t has long
been obvious that Keene has as big brain
as anybody here that his foresight, power
OF combination, fertility of resource and
mental grasp are not exceeded even by the
Vanderbilts, Goulds, billions and Russell
Sages of the street. He has unquestion-
ably lost a great deal of money but he
has made more than he has lost, and could
probably show, at the beginning of the
year, as fair a balauce.sheet as any of his
friends or foes. Although
A CoNGENITAL sPECULAToR,
And inclined to take heavy risks, and to
trust to chances, he is now believed, even
by those who do not like him, to possess
remarkable ssgacity and power. While he
often seems bold to degree of reckless
ness, his intimstes say that he seldom en-.
tiers into big speculation without care.
fully investigating all attainable facts and
sources of information. They assert that
he is a political economist as we'll as fnan.
cier, and that no operator in Wall street
has larger or trained mind. He
has great courage, too, and reveals calm
philosophy under lucky turns that is far
from common. A loss of half million
no more affects his spirits than the loss
of postage stamp. When he reads
telegram, nobody can tell, from the expires
sion of his face, whether the news is very
good or very bad. He has the masking
power of the professional gambler.
Like nearly all large spectators, he is a
constitutional bull, having absolute faith
in the vast future of the country, its rapid
growth, its inexhaustible resources. He
thinks that the most sanguine American
can hardly picture what the Republic will
be half a century hence, and that those
who stick to the bull side of the market
will win in the long run. He is often, of
course, to be found in the company of the
bears but that is for an occasion and
purpose. His hope and heart are with the
bulls, and In general movements he may be
counted with them. Privately, he is re-
ported to be very kind-hearted and gener-
GUS, and to have many warm friends. One
of the youngest of the big operators-he is
barely 45, understandable enjoys the ex-
element OF gigantic enterprises is never
so happy, in fact, as in the whirling midst
of them. Keene is rumored to have made
SIC, OO0, 900 since January l, 1879; the
amount of"his losses has not been init.
mated. CHAUBERT.