The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1894-03-24
sire of SUCCESS.

, That afternoon l left the Office early
and went hown to Ethan and dined at
the Castle hotel. After dinner l wrote
letter, which addressed TO my firm,
Messrs. Pritchard & Co., and arranged
with the landlord to have it posted on
the morrow. in order to be delivered in
the city first post on Friday morning.
| On Friday seized the paper and
glanced hurriedly down the money arti-
Gle. Yes! it was there sure enough.
1--WE received a communication last
evening to the effect that the Yaranga
River district in South Africa was
flooded and that great damage had been
done to the Great Cumberland Diamond
company's property. The mine was
flooded and it was feared 100 workmen
were drowned. The loss to the company
was believed to be irretrievable
This l knew was bound to make the
shares fall. You may be sure felt in
great state of excitement, but tried to
look as unconcerned as possible when I
arrived at the Office.
About 1890 Mr.. Pritchard came to
lie with letter.
''Here is another letter from Mr. Dun
Can asking us to buy in the 1000 Great
Cumberlands for him. I suppose he is
! all right, but it looks very much like
speculation. L see there IS q bad report
of the mine in the paper this morning,
so he will get them cheap. One woulc
think he knew something about the tele.
gram. However, that has nothing to DO
with US. Don't be in too great q hurry
to buy; the price is sure to drop"
On my way to the Stock exchange !
called at the Office of. the Great Cu1nbsY-
land company and asked if they knew
anything about the telegram published
that morning. They said they had ~
ceived the same information, but thought
there was some mistake. They were
taking steps to have it confirmed.
When 1 arrived at the exchange I
went straight to the mining market,
and, as expected, found it in state Of
, the widest excitement. Every one waS
asking questions about Great Cumber~
lands. All the dealers were sellers.
! 'Great Curlberlands!'' "Great Cumber.
lands!' II sell 100 at %; sell 200 ~
2215. Any buyers?" and such like.
I waited and watched closely. The
price went down every minute, until
presently heard man offer 800 at 81.
! ] bought them. I noticed several deal
ers eyed me suspiciously, and one asked
me if I knew anything. I answered,
mo, but we have an order from client
to buy" Presently dealer offered d
parcel of 500 at 1917. I took them sss
once. The other 200 had no difficulty
in obtaining in small lots at about Sis
to e19 los. I went back to the Office
and reported to Mr.. Pritchard thai
Great Cumberlands had dropped five or
six points, and told him I had bough:
1000 shares for Mr.. Duncan at an aver
age price of about 20.
had the contract notes posted that
day to Mr.. Duncan. On going through
the account l found that after deduct
ing brokerage and all expenses there
=, was clear profit Of 60, $50.
| had thus gained my end. On set
Ting day it would only be necessary 10
pass on the names from the firms I had
sold to the firms had bought from, ana
post check for the difference to MI.
Duncan, which of course was the same
as posting it to myself.
The next morning a telegram was
published by the company notifying
that the information published the day
before was exaggerated. The Yaranga
district was flooded, but their property
had not been touched. On the strength
of this the shares in a few days regained
their former quotation.
On the LIST of April called Mr.. Say
mour. He seemed rather surprised to
see me, but was very polite.
"Mr. Seymour" said, "when I asked
you for your daughters hand month
ago you said you would only give your
sanction on condition that by today I
was worth at least $4,000. have called
to inform you that the amount of my
balance at my bankers is now Is, 785. I
therefore presume there will now be no
objection to our engagement"
"Well, Mr.. Bartley," he said, II am
| surprised, but also pleased, because. as l
said last month, have no personal OBJ
lection to you as son-in-law. I will
write at once and fetch Nellie back.
But how did you manage to make 5000
in a month";
"Well, you know, sir, on the Stock
exchange it is very easy to make or lose
e5,OOO."
He laughed and said:
"You have been lucky this time, but
take my advice and don't go in for
'plunging.'"
II don't mean to, Mr.. Seymour, but
desperate cases requiredesperate means"
II expect you thought me very mer-
cenary, Harold, but I must now tell you
why I made that stipulation. People
suppose am very wealthy, but lately I
have lost heavily, and am now in want