The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1882-08-29
Cattle Millionaires.

Cattle Millionaires.
With the present high prices of beet,
and tho COW literally jumping over the
moon. Wyoming cattle men are reaping
a rich harvest, and many of them will
make almost independent fortunes this
simmer. The rise has been SO rapid
and transfers are made so easily that
large transactions are made every day
in which the buyer does not see hoof
of his purchase and very likely does not
actually use more than one-haif of the
purchase money in the trade before he
has sold aud made an enormous margin
in the deal
year ago II Laramie plains cattle
man was offered large Utah herd and
ranch for $4,000 which offer was ,ic-
cepted ut the moment. but later reject
ed. Since that he Utah man sold
$40. 900 worth of tha herd. then sold the
ranch for 81, 800, afterward put 50, t}0O
more into the bunch and last week sold
it for $4,000. In other words, the
Utah man is to-day ahead over SI10,00
because his last years offer WAS not ac-
cepted.
Several years ago one of the most
prominent cattle men in Wyoming, who
can to-day easily command $1,000, 900
for cattle trade without imparing his
business. went to Boston to negotiate
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 to talk business. He said that he
was making large profits on his present
investments, and, therefore, he wanted
TO put more capital into the business,
very naturally. to increase his income.
Mr.. Moneybags asked what security
would be given.
Il would secure the loan by mortgage
on my herd, sir. -
where are your cattlep'
t'Some III 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?''
Government land"
Glow often do you see your cattle?''
t'Once year"
Don't you have n herder with
them?''
mo, SIR
''Well, young man, / would as soon
loan you money on the herring in Bos-
ton harbor."
A Cheyenne man who don't pretend
to know maverick from mandamus,
has made a neat little margin of S15,-
600 this summer in small transactions
and hasn't seen a COW vet that he has |
bought and sold. Cheyenne is wild |
over the market and Sixteenth street is |
a young Wall street. Millions are |
talked of rs 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 IL $40 600 herd
Everywhere the excitement is as bad |
as it ever was in mining stocks in the |
old palmy days of Comstock. How |
long this thing will continue is a matter /
of pure speculation. Whether the labor |
ing classes of the States will eat por-
ter house steaks when they taste ike a |
government bond, or quit all at once |
and knock the bottom out of the Chica- |
go market, no man knows to a dead |
moral certainty. OF course all is smooth /
sailing now, but we doubt the proprie- |
ty of fooling with this thing right along
for six months, for one of these DAYS |
buyers viii insist on delivery of the |
goods and sales cannot be made imme- /
1iately enough to omit the universal
zerplunk. We may not be using the
correct terms, perhaps, but our meaning
may be readily gathered. Boomerang.