Business; Capitalists and financiers -- United States; Speculation; Wall Street (New York, N.Y.)
This self-sacrificing friendship and ardent devotion on the part of Mr.
Ward was recognized by Mr. Keene in the most tangible manner. He made an
investment for his protege, of $50,000 in solid securities, placing them
in the hands of trustees, so that his ward received the income therefrom
of three thousand dollars, as an annuity, for life.
Mr. Keene bestowed numerous benefits on other newly made acquaintances,
of which this is a fair sample.
A Pacific coast biographer draws the following graphic sketch of Keene,
some time after his departure from California, which is curious reading
in the light of the events which I have related:
“No series of sketches of men, prominently identified with the
stock interests of the Pacific coast, would be complete without
a pen portrait of James R. Keene, the free lance operator of the
San Francisco stock market, who dared to beard the Bonanza Kings
in their den, and came off victorious with many shekels of gold
and silver. Mr. Keene is no longer with us. Some time since,
after having realized largely on his stock ventures, he
concluded to take a trip East, to be extended to Europe, unless
on the Atlantic seashore he regained the health which too active
exertions on the Pacific had impaired. And so he went with his
family. Those who bade him God-speed expected to see him return
within a few months, certainly within a year, with recovered
health, new ambitions, new conquests to make. But he comes not.
New York has presented more attractions than his old love, San
Francisco. Railroad stocks, Jay Gould, Sam Ward, Rufus Hatch,
Long Branch, Trenor W. Park, Newport, have been too many
attractions for Jim Keene. He fell into the New York market as
easily as any man generally falls among thieves—but he seems to
have got the best of the thieves in every issue. When it was
rumored that Keene contemplated making Wall Street his
headquarters, his old San Francisco friends generally wrote out
their calendars, and figured up when ‘Jim’ would be back,
bursted out and out, looking for a job. A few who had abiding
faith in Keene, who knew his pluck, who had gauged his
capacities, who had measured his horse sense, consulted their
calendars and said: ‘Jim is gone! He never will come back to
couch his lance in such a narrow field as ours. New York is big,
Wall Street is big—just about the size of institutions that
Keene wants to tackle.’ The few were right. Keene hasn’t come
back to look for a job. He has tried conclusions with the
smartest of the Wall Street operators, and, novice that he was,
came out triumphant. The California goose that was to be plucked
wasn’t plucked. Even Jay Gould, with all his shrewdness, gave it
up as a bad job; and Vanderbilt condescends to confer with Keene
on momentous occasions.
Public-domain text, read in full here on John Shaqi.
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