70 WALL STREET AND THE WILDS 



fairly made a thousand dollars, the five thousand 

 profit on the advance less the four thousand sup- 

 posed to be lost on the bet. But in fear lest the 

 market should break before I could sell my fifty, 

 I sold Broadwell one hundred thousand, intend- 

 ing to buy back fifty at once, but the market 

 broke so badly that I waited and continued to 

 wait through a fall of nearly ten per cent. The 

 account in round figures was as follows: Five 

 thousand dollars profit on the fifty thousand gold 

 bought at first, a similar gain on the lot sold short, 

 and lastly, four thousand on the bet which I won, 

 since gold sold at fifty and not above it, which lat- 

 ter was the basis on which the bet was made. Ex- 

 cepting for my delay in buying in the extra fifty 

 thousand I had sold, I submit that the whole 

 transaction was safe and sane business. 



4 'One story is good until another is told," and 

 the fact that the speculator with whom I made the 

 bet failed cut down my profits bj 7 four thousand 

 dollars and made it difficult to maintain my claim 

 of the legitimacy of the transaction from a con- 

 servative standpoint. 



