Submitted by scott on Sun, 10/09/2016 - 10:09

"Something very important happened. The property holders of Nevada voted against the State Constitution; but the folks who had nothing to lose were in the majority, and carried the measure over their heads. But after all it did not immediately look like a disaster, though unquestionably it was one I hesitated, calculated the chances, and then concluded not to sell. Stocks went on rising; speculation went mad; bankers, merchants, lawyers, doctors, mechanics, laborers, even the very washerwomen and servant girls, were putting up their earnings on silver stocks, and every sun that rose in the morning went down on paupers enriched and rich men beggared. What a gambling carnival it was! Gould and Curry soared to six thousand three hundred dollars a foot! And then—all of a sudden, out went the bottom and everything and everybody went to ruin and destruction! The wreck was complete.
The bubble scarcely left a microscopic moisture behind it. I was an early beggar and a thorough one. My hoarded stocks were not worth the paper they were printed on. I threw them all away. I, the cheerful idiot that had been squandering money like water, and thought myself beyond the reach of misfortune, had not now as much as fifty dollars when I gathered together my various debts and paid them. I removed from the hotel to a very private boarding house. I took a reporter’s berth and went to work. I was not entirely broken in spirit, for I was building confidently on the sale of the silver mine in the east. But I could not hear from Dan. My letters miscarried or were not answered.
One day I did not feel vigorous and remained away from the office. The next day I went down toward noon as usual, and found a note on my desk which had been there twenty-four hours. It was signed “Marshall”—the Virginia reporter—and contained a request that I should call at the hotel and see him and a friend or two that night, as they would sail for the east in the morning. A postscript added that their errand was a big mining speculation! I was hardly ever so sick in my life. I abused myself for leaving Virginia and entrusting to another man a matter I ought to have attended to myself; I abused myself for remaining away from the office on the one day of all the year that I should have been there. And thus berating myself I trotted a mile to the steamer wharf and arrived just in time to be too late. The ship was in the stream and under way.
I comforted myself with the thought that may be the speculation would amount to nothing—poor comfort at best—and then went back to my slavery, resolved to put up with my thirty-five dollars a week and forget all about it."

"By and by, in the due course of things, I picked up a copy of the Enterprise one day, and fell under this cruel blow:
NEVADA MINES IN NEW YORK.—G. M. Marshall, Sheba Hurs and Amos H. Rose, who left San Francisco last July for New York City, with ores from mines in Pine Wood District, Humboldt County, and on the Reese River range, have disposed of a mine containing six thousand feet and called the Pine Mountains Consolidated, for the sum of $3,000,000. The stamps on the deed, which is now on its way to Humboldt County, from New York, for record, amounted to $3,000, which is said to be the largest amount of stamps ever placed on one document. A working capital of $1,000,000 has been paid into the treasury, and machinery has already been purchased for a large quartz mill, which will be put up as soon as possible. The stock in this company is all full paid and entirely unassessable. The ores of the mines in this district somewhat resemble those of the Sheba mine in Humboldt. Sheba Hurst, the discoverer of the mines, with his friends corralled all the best leads and all the land and timber they desired before making public their whereabouts. Ores from there, assayed in this city, showed them to be exceedingly rich in silver and gold—silver predominating. There is an abundance of wood and water in the District. We are glad to know that New York capital has been enlisted in the development of the mines of this region. Having seen the ores and assays, we are satisfied that the mines of the District are very valuable—anything but wild-cat.
Once more native imbecility had carried the day, and I had lost a million! It was the “blind lead” over again.
Let us not dwell on this miserable matter. If I were inventing these things, I could be wonderfully humorous over them; but they are too true to be talked of with hearty levity, even at this distant day. [True, and yet not exactly as given in the above figures, possibly. I saw Marshall, months afterward, and although he had plenty of money he did not claim to have captured an entire million. In fact I gathered that he had not then received $50,000. Beyond that figure his fortune appeared to consist of uncertain vast expectations rather than prodigious certainties. However, when the above item appeared in print I put full faith in it, and incontinently wilted and went to seed under it.] Suffice it that I so lost heart, and so yielded myself up to repinings and sighings and foolish regrets, that I neglected my duties and became about worthless, as a reporter for a brisk newspaper. And at last one of the proprietors took me aside, with a charity I still remember with considerable respect, and gave me an opportunity to resign my berth and so save myself the disgrace of a dismissal."
(Roughing It)

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