The Red Cloud chief., 1892-06-17
HIS FIRST SPECULATION.
A Man who Gambied IN stocks witho
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a Man who Gambied In stocks without
Knowing what Hc Was Doing.
II never speculate" said a man who
has acquired a fair share Of the worlds
goods, and who enjoys them as much
perhaps rs any other man similarly sit
uatcd. "And yet I made my first real
start on a speculation. won nj II ard
quit ahead of the game, Al gamblers
say. i have remained ahead of that
game ever since.
ut 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 came down like
sticks, just as certain men wanted them
to do. l went out there tn make nv
fortune, but In some way IL would not
make. ! really believe In luck, for I
did have the worst possible kind Of
luck, and then of n sudden, but will
come TO that later.
"Have you ever heard Of the man who
was 40 poor that he always earned his
breakfast; ate II; earned his dinner; ate
1t; earned his supper; ate II; and then
slept where IL did not cost anything?
Well, l was a good deal poorer than
that man, for / ate my breakfast and
then earned II. IL was d~emoralizing,
you may be sure. But ! happened to
meet n man In San Francisco who was
making a big stir out there In those
days. He was throwing stocks wher-
ever he pleased, and that meant every
where. The way that man made money
took everyone's breath away. For some
NooGnvu hA trS,lx mn tvnNn~ok L.
haps II was because l could not make o
cent where he could make millions.
"'Young man. he said TO me one day,
fdo you want to make some money! =
II thought I did. thought II 80 Im-
phatically that l impressed him fifth
my earnestncss.
"'Well,' he said, give me one Np-
dred dollars and I'll fix II for you So
that You al 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
10 you.'
~ never could pay you,' I said.
Eyes you can. You n pay mo
eome day. Just sign n note for II.
business Is business, You known. Then
20 away and don't ask any questions.
Just keep still till ! get ready to talk
II went away, no richer and no poor.
er, save that my name, which wasn't
worth anything to anybody. was at the
end of n note for one hundred dollars.
II did not know much about stocks
and ] did not care much about them. I
only knew that there was a madness in
the San Francisco market d 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 1t away.
"A few weeks later ! met my friend.
40, by the way,' he said, I have u
note of yours In my pocket
eyes ] gulpcd, feeling the strings
of my heart tighten, but | can't pay it
now. ! warned YOU"
"'Never mind about that now he
said. Here's your note. Now I'm GO
ing TO give back to you on one con-
dition -thaf you promise me never to
speculate again
~ made him the promise.
"'Young man. he said then, you
have been In the biggest hell's game
that ever was played in this market.
You have won. knew you would win.
That's why l let you try it. But, young
man, and he raised his hand, pointing
e~loquently with his finger, you never
In the world could have won II II YOU
hadn't been on the inside. That's why
] made you promise
''Then he looked at a memorandum,
wrote mo out o check which made me
~speechlcss, and sent me away I do
not TO this day know what In the
process Of gambling in stocks."-N. Y.
Tribune.