The Wedge of Gold by C. C. Goodwin
page 29 of 260 (11%)
page 29 of 260 (11%)
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mine, and I knew if the money should be lost you would neither of you
reproach me. But I called you back to tell you that while I do not think there is any hurry about selling your stocks, dealing in mining shares is a risky business, as a rule, especially when you have nothing but a guess to go on; and I do not believe I would, if in your places, take that up for a business." Then some one else came in, and the miners retired. They determined not to sell just then, and both went back to work at 4 in the afternoon of that day. The young men continued their daily toil. After the stock reached $35 per share, it hung at that figure for a long time, but they felt no uneasiness. They saw the hurry of the work in opening the Consolidated Virginia and the C. & C. shafts; they saw a new great quartz mill being erected, but they saw something else which pleased them much more, which was that the more the great ore body was sunk and drifted upon, the bigger it grew. In the early winter of 1874-5, the stock began to climb up. It jumped to $80, then $85; then, almost in a day, to $115, and so on up to $220. The strain on the minds of the two young miners was very great, but they held on. There was another little lull, and then towards spring it started up again. When it reached $480, Browning said to Sedgwick: "Bless my soul, Jim, I have not slept for three nights. I have been thinking that hundreds of people have been waiting for the stock to touch $500, and when it does, they will unload and break it down. Had we not better sell? It will give us as much money as we can manage." |
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