A year or so afterward, when Ophir stock went
up to $3,000 a foot, this man, who had not a cent, used to say he was the
most startling example of magnificence and misery the world had ever
seen--because he was able to ride a sixty-thousand-dollar horse--yet
could not scrape up cash enough to buy a saddle, and was obliged to
borrow one or ride bareback. He said if fortune were to give him another
sixty-thousand-dollar horse it would ruin him.
A youth of nineteen, who was a telegraph operator in Virginia on a salary
of a hundred dollars a month, and who, when he could not make out German
names in the list of San Francisco steamer arrivals, used to ingeniously
select and supply substitutes for them out of an old Berlin city
directory, made himself rich by watching the mining telegrams that passed
through his hands and buying and selling stocks accordingly, through a
friend in San Francisco. Once when a private dispatch was sent from
Virginia announcing a rich strike in a prominent mine and advising that
the matter be kept secret till a large amount of the stock could be
secured, he bought forty "feet" of the stock at twenty dollars a foot,
and afterward sold half of it at eight hundred dollars a foot and the
rest at double that figure. Within three months he was worth $150,000,
and had resigned his telegraphic position.
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