Fifty years in Wall Street · Henry Clews
CHAPTER XXV.
Chapter 21 of 136 · 1 min read
KEENE’S CAREER.
He Starts in Speculation as a “Curbstone” Broker.—A 229 Lucky Hit in a Mining Stock Puts Him on the Road to be a Millionaire.—His Speculative Encounter with the Bonanza Kings.—He Makes Four Millions, and Major Selover brings him to Wall Street, where they Form an Alliance with Gould, Who “Euchres” Both of Them.—Selover Drops Gould in an Area Way.—Keene Goes Alone and Adds Nine Millions More to His Fortune.—He Then Speculates Recklessly in Everything.—Suffers a Sudden Reversal and Gets Swamped.—Overwhelming Disaster in a Bear Campaign, Led by Gould and Cammack, in which Keene Loses Seven Millions.—His Desperate Attempts to Recover a Part Entail Further Losses, and He Approaches the End of His Thirteen Millions.—His Princely Liberality and Social Relations with Sam Ward and Others
CHAPTER XXVI.
OUR RAILROAD METHODS.
Deceptive Financiering.—Over-Capitalization.—Stock 241 “Watering.”—Financial Reconstructions.—Losses to the Public.—Profits of Constructors.—Bad Reputation of our Railroad Securities.—Unjust and Dangerous Distribution of the Public Wealth
