The Red Cloud chief., 1892-06-17
HIS FIRST SPECULATION.

"A Man who Gambied In stocks without
Knowing what lie was Doing.
~ never speculate said a man who
has acquired n fair share Of the worlds
goods, and who enjoys them as much
perhaps ms any other man similarly sit
uated. "And yet made my first real
start on q speculation. Lwon Mt 10 ard
quit ahead of the game, as gamblers
say. I have remained ahead of that
game ever since.
at was out In California that I was
led into my speculation. IL was In the
days when mining stocks went up into
the sky like rockets and camc down like
sticks, just as certain men wanted them
to do. I went out there to make my
fortune, but In some way IL would not
make. I really believe In luck, for I
did have the worst possible kind Of
luck, and then OF a sudden, but will
come To that later.
'1Have you ever heard Of the man who
was so poor that he always earned his
breakfast; ate II; earned his dinner; ate
81; earned his supper; ate It; and then
slept where II did not cost anything?
Well, ! was n good deal poorer than
tiut iIiuU, " u utC lily wv
then earned Il. 1t was ~demoralizing,
You may be sure. But ] happened TO
meet q man In San Francisco who was
making q big stir out there in those
days. He was throwing stocks wher-
ever he pleased, and that meant every
where. The way that nan made money
took everyone's breath away. For some
reason he took an interest In me-per-
haps II was because l could not make Q
rent where he could make millions.
"'Young man, he said to me one day,
sdo you want to make some money"
II thought l did. ! thought II so en-
phatically that | impressed him with
my earnestness.
"'Well, he said, give me n hum
Ared dollars and I'll fix II for you so
that you can make something
ga hundred dollars!' I said. III I
had n hundred dollars I'd get out of this
country. haven't one hundred cents
"'You haven't, eh? Then III lend it
I you.'
"'I never could pay you,' l said.
"'Yes you can. You can pay mo
some day. just sign n note for 1t.
Business Is business, you known. Then
go away and don't ask any questions.
Just keep still till / get ready to talk
II went away, no richer and no poor
err, save that my name, which wasn't
worth anything to anybody, was Mt the
end Of n note for one hundred dollars.
~ did not know much about stocks
and ] did not care much about them. l
only knew that there was a madness in
tho San Francisco market a few days
later. Some stocks went up and some
went down. The stocks went up out OF
sight. Then a hurricane struck the
whole market and blew II away.
"A few weeks later l met my friend,
80, by the way he said, 4 have u
note of yours in my pocket
"'Yes,' I gulped, feeling the strings
of my heart tighten, but l can't pay II
now. l warned YOU"
"'Never mind about that now,' he
said. Here's your note. Now I'm go
ing ia give 1t back to you on n con
diti6n that you promise me never t.
speculate again
II made him the promise.
"'Young man. he said then, 'yo,
have been in the biggest hells gam,
that ever was played in this market
You have won knew you would win
That's why I let you try it. But, younl
man, and he raised his hand, ~rointin,
eloquently with his finger, you neve
in the world could have won it II 70,
hadn't been on the inside. That's VIII,
! made you promise
"Then he looked ut n memorandum
wrote me out a check which made m
speechless, and sent me away. l d
not TO this day know what il tn
process Of gambling in stocks."-N. Y
Tribune.