Year: 1875

such monopoly has ever reared its head, or como on
breathing for any comfortable length OF time. with
out getting bowled down at the good Lords earliest
leisure, you re less devout than ], and wen say
nothing more about it, for fear Of getting into the
illogical disputatiOn, q sort OF cudgel play that
should be avoided in August.


II never seemed to me that William C. Ralston did
business for the purpose Of making money, exactly.
He did business mainly for the sake OF doing
business and this to my thinking. is not the legti
mate end of business doing. II the excitement alone
is wanted, why not gamblcf Why do business unless
you do it with money success in vewi
IL it's to como to tie same thing at last. ],
for one, had rather lounge than seize the
greasy reins of commerce in my mad grasp. Sooner
far would 20 charioteerng through the world In
an ox-cart than driving a random tandem. SO with
pleasure If there's no fun in it, / don't want any.
(As for Juggling nine-pOund gun over the fair face
of creation. q swampy swale below and blisterlng
July sun above, with a chance perhaps OF getting
one wOodcOck, but more Of certainty OK getting
none no more of that for me.l The man who doesn's
like drinking for its sake s fool to get drunk
and why should one who's not fond Of riding take
the risk Of broken neck. simply because his next
door neighbor joys round on horseback


William c. RalstOn did not caro- enough about
money to keep it after it was made. What welded





making immense trades and moving millions. Az
for keeping the money ho made, that never entered
hs mnd--hc scattered it broadcast on every side.
IL was rs though a man should pump away for dear
life and all the while have nothing but o bottomless
vessel to hold his pumpings-yes as though ono
should pump away, with clang and noise but have
never q valve in his pump. Men do TINS
sometimes for exercise. But exercise is not work.
One must have serious purpose in view, or even
the swinging Of dumbbells avas not And If
ned not resolutey resolved to refrain from pointing
moral would say right here that the want of
worthy purpose is ust the hole in which William e.
Ralston and his bank went under. But prefer that
each reader should apply the great ethical blister
which have so generously spread. for himself.
Place it where It will do the most good, please.


William c. Raston was not bad man in reality
True ne did very many things which are commonly
esteemed bad but do not think that he put much
heart into them. There little of earnestness or
vim about any of his disspations; seeing another
person do thing he thought it was the thing to do.
and there must be fun in it. He never wanted
to be counted ont on anything. In very simi-
lar way he did much good. SO did the
Bank Of California II encouraged many praise
worthy enterprises, developed valuable industries,
lent its shoulder frequently to public mprovementss
where a banking institution conducted on prudent
principles would not have lent finger. On one oc-
casion il even lent money to me-is there need to
saw more Then again the Bank of California gave
aid to some schemes most Outrageously corrupt.
But nature in her own way turns most malfeasances
70 good do not know, however, that in such cases
a credit mark goes down in the book to the account
of ndi viiua or institution unless goodwas Intended


JOHN PAUL.