Omaha daily bee., 1885-11-04
THE WHIRLPOOL OF STOCKS.
Two Persons Drawn to Their Daath in
TIE Maelstron.

Gambling in Stocks, Added TO che
Folly of Trusting in Mediums,
Sends a Nan 80 Ills Grave,
ARD His wife 20 tho
Insane Asylum.
Tho San Francisco correspondent Of
the Sacramento Bee, writing under tic
date OF Oct. %, says: "rhe story of the
lilo and struggles of Wittgenstcin, tho
| gambler. whose life was crushed out OF
him by the car.whcols Of the Suffer street
dummy here the other day, should be q
warning TO those poor, foolish moths who
circle round the lame Of stocks until
their financial wings are singad and they
fail, TO misCrably die, or still more mise.
rably live. Wlttgenstein was "a gambler,
and livcdby betting IN the turn OF a card,
or tho speed of n horse. He came into
the possession of seventy thousand dol
lars seven or eight years ago, and when
his mangled form vas taken up from mn.
der the car.wheels the other day he had
in his pocket twenty dollars, and on his
person some diamond studs and Il watch
and chain. These were all his earthly
possessions. The seventy thousand dol.
lars, and all the money he had made bv
gambling at faro, and on the turf,
mad been engulphcd by the whirlpool of
stocks. His wife was lett without dollar.
When she recovered from tho first
horror of her husbands sudden taken
OF. Poverty stood before her, pointing
uFitt, HE liam linear Ia tnn fui1IYt. Hts
loved his wife aud she loved him. They
were of two different races, and diner
cnt religions, he being Il jew and she Il
Christian, but they We're ono in heart, and
il the dead can look back and feel Sor-
row, love and hate, he mast curse the in
tatuation that made him the victim OF
the jug LernAut OF stocks. As an ordin-
airy gambler he had Denn successful, bat
when he tried to play against tle deal
Crs in stocks h. found that all the cua-
ming learned around the faro table WIS
OF no avail. He was playing at II game
he did nOo understand, bat where the
cards ware "stocked." For years tha
| assessment worm had eaten his substance
but uD to the very last he was infatuated
| and saw lust ahead OF HIM Il great for
tune. After his seventy thousand dol
lars were swept away and as ho would
say himself, che was down to cases one
would suppose that he would have seen
the folly OF buCking against suchh game
| but he did not. He only waited until he
could gather together some more money
and started in again to be- wrecked,
HIS LAST VENTURE. go.
His last venture was probably the most
disastrous of them all. Persons of his
own race and religion had cor troll ofthe
Hale IL Norcross and Savage mines, and
he knew them Intimately, II looked
upon them as friends, and for that rea-
son felt certain that he could now SpeCu-
late w tn soma assurance OF success He
had made three thousand by betting on
horse races, and in other gambling
transactions; and he embarked it all in Il
speculation IN tho mines OF ms trends.
He put it in his pocket, and felt certain
that when he took it out again, to turn It
into money, de would have an immense
fortune. The stuck went down-it always
goes down andsr such circumstances
and this wasfollowed by the leyyinT Of
an assessment, II he took the stock out
OF his pocket, but not to exchange 1t for Il
fortune. Hew;s obliged to put in up
with his broker, us security for the pay
mCnt of the assessment. lie never saw
that stock any more He borrowed II
little moneyOni it for current expenses,
and then cams "a hehyier deeline
| thln ever in tAie stock his broker
sold it for his Indebtedness, and no was
lGlJ Will II twenty -tOiihi pleCo III us
pocket, md sore experiences, which he
would not have prouteh by had he lived.
But on the day his stock was sold he fell,
while trying to pass in front Of an %p,,
preaching cable car, and the wheels OF
the dummy passed oyor his body, mang-
ling HIM irightfully, and killing him al.
most instantly. | say That had he lived
he would not have pro tied by his expc-
ricnce, for no stock gambler over does.
The very fact that people know that tho
business is not sIuaroly conducted makes
it more attractive to them. They never
believe that the mines are exhausted, but
have an abiding faith in the existence OF
bonanzas, covered up by those manag-
ing the mines, who, for their own selfish
motives, keep them concealed until they
have all tue stock in or are able to gam
some other advantage over the other
stockholders
wATER ON THE WHEEL
This. of course, is II good thing for the
insiders, Sincu it makes the outsiders
willing to pLy assJsSm .nts with which to