St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-04-20
THE BONANZA KINGS.
Some Of the Trouble Money Gives to It's
Greatest Possessors.
THE BIG FOUR OF CALIFORNIA
The Pleasure Is All In Getting, Not
in Having Great
Wealth.

After all. millionaires do not seem to
have just as much fun as they are sup
posed to have, says San Francisco let
ter to the Providence journal. When a
man grows rich he begins to discover
that what he gains in one way he loses
in another. Since the bad shaking up
that Mackay and Flood got over the
great wheat deal, the losses on which
are now set down at about S13, 100000,
the public faith in millions has received
a severe shock. There was time when
the bonanza firm was supposed to be i'll
| vincible, and it was supposed that when
they got out Of the stock business and
went into legitimate banking they
had fixed themselves where they
could not be hurt by any
thing. But the idea of Mackay and
Flood having to skirmish around town
to borrow paitry half million seemed
to mean utter ruin. OF course anybody
would be glad to have what the two ex-
bonanza kings still have, but they are
not what they once were. The latest
story that has been spread around is
that Mackay and Flood have quarreled
, over that wheat business, and broken
up their friendship. Well, it would
| only be human nature, but they deny it,
at least Mackay does. Flood says moth
| ing. 1t has been a great part of Floods
success in life that he has never denied
or affirmed anything. Reporters have
| never been known to get any
| thing out of him. and even his
| most intimate friends have not
/ found him very willing to give them a
pointer Oh any stock deal. Until the
| wheat deal Mackay had much the same
| reputation. Many people who have had
| the pleasure of an intimate acquaint-
| ance with him have alleged they lost
money in stocks, and limited that he
should not have permitted them to lose
| it if they have not said it was on his adj
| vice. remember seeing statement in
paper that w. j. Florence, who was
one of his most intimate friends, had
! lost money on bOnanZaS in which he
had invested by Mackay's advice. This
| is, perhaps, an example of how stories
arise, Mr.. Florence never said so. Mr..
Florence told me himself that in all his
dealings-all his friendship with
Mackay-he had never heard Mackay
speak of business except in general
way, and that he had neither helped
him to make nor to lose money.
Both Flood and Mackay have been
looked upon as worthy of the fortunes
they had and have. Flood, whose early
life was in business not calculated to
develop the most refined feelings, has,
ever since his rise to fortune, been very
highly respected. A quiet, undemOn-
strative man, not much of talker, not
much of a society man, he has moved
into style and social position without the
faintest development of parvenu pecu-
liarities. He and his wife are two OF
those rare people who can sit in a box
at the opera and not attract any atten-
ton to their being in the place above
all others of style and show.
Their box is always filled with men
in full display of dress, but no one can
say that he sees the wealth sticking out
of the millionaire and his wife. Miss
Flood has had more offers of marriage
than any woman almost, but fancy the
good sense of her parents and her own
Judgment have been responsible for her
single blessedness. / lave heard the
street yell for Floods life in the old
stock gambling days. l have heard
muttered threats against the quartet of