Springfield globe-republic. (Springfield, Ohio) 1884-1887, 1886-09-14
A CELEBRATED SPsG ULAToR.
Jim keene's TnsuCcesScIi Career In Ne,
Nork-IIis Iptovu Flat

Jim heenc's TnsuCcesSfui Career In New
Nork-Iiis Uptown Flat.
James Keene, tine celebrated speculator, is
living this summer in a rented cottage of n
very plain chara, ter at Far Rocka Hay, To
which pla"e he goes every night, giving more
time to hi; family in these days of privation
than when he was at the top Of the social and
speculative world Persons who know him
say that he sometimes has to borrow his fare
over the ferry, not that he Is SO desperately
harI ~, but that he has pin,h his expenses
at every point in order tn get square with the
world and have another start. He is of a
rather cold bearing, and is accused of having
too much confidence III himself, so that from
time 10 time he has lost the support of power
full men who would have. with a little solici-
tation on his lart, helped him through.
Mr. kcGL- ; condition when he came to New
York city WIS very substantial He had at
least S4.W0,O1O, and was presumed to have i'll
California further backing. He arrived in the
city when there was no leader TO Wall street.
and the brokers came around him with hungry
eyes to get his orders. One Of those brokers'
who has made S:},OO0,OOJ 10y his commissions
has refused to carry stocks for him of late,
and another who is teep in his account would
not even carry POO shares for him. He WAS
one of the chief inventors OF the grain sl,ecu-
lation coincident with the stock market He
wns sharply reproved for having put specula-
tion into the neCesSSaries of life and in the end
be lost s., ,G0O. 900 in wheat, following the ad-
vice of Rufus Hatch. II Is said he met Hatch
at the tape measure, who was reading the
quotations with his eyes full Of tears and he
blubbered "Keene, if you don't help me
shall break" keene went to his assistance
and Hatch showed him how a great deal of
money might be made, but it ended in Keene
being a great loser. He also made a heavy
loss in the Hannibal and st. Joseph corner,
where John r. Duff, of Boston, had attempt
ed to scoop the whole street.
A friend of Duff incautiously said to
another person at a restaurant table: The
man you see yonder is Jim keene, and we are
going to break him This person bethought
it well to go and tell keene, whom he had not
previously known. keene found that he was
in the tolls, 80 he got To work quietly and be
gan to buy this stock, and for some of it he
paid as high as 81, and the same stock he
ultimately sold at 30. He mrde the most of
his money in Northern Pacific preferred. He
believed himself i'll 1877, Just after the Pitts
burg riots, when he became a bull, worth
S40, ,0O0,0O0 When he sold his race horse
Foxhall, he was already hard pressed, and un-
able to leave the city lest his absence might
be interpreted as fright or desertion He had
no person to send hut a woman, who had
taken a sympathetic view of his case and was
a good negutiant She sold FoXhall to Lord
Rosebery for s., 900, which was &, 900 more
than keene expected. keenes flat uptown is
said to bring him the comfortable sum of
81 so a month. 1t is no great amount of
money 20 a man still in the street. satisfied
that there is no future for him unless he re
establishes himself there-''Gath" in Phila-
delphia Times.