Reminiscences of a Raconteur, Between the '40s and the '20s — John Shaqi
Reminiscences of a Raconteur, Between the '40s and the '20sHam, George H. (George Henry)
History
Reminiscences of a Raconteur, Between the '40s and the '20s
Ham, George H. (George Henry)
Canada; Ham, George H. (George Henry), 1847-1926; Journalists -- Canada -- Biography
And thus ended an important chapter in the history of Manitoba, for if
the secession motion had found its way into the American and European
press, as it was intended it should, the results might have been
serious.
CHAPTER IV
The Big Winnipeg Boom—Winnipeg the Wicked—A
Few Celebrated Cases—Some Prominent
Old-Timers—The Inside Story of a
Telegraph Deal—When Trouble
Arose and Other Incidents.
Then came the boom of 1881-2 and sealskin coats and cloaks and diamond
pins and diamond brooches and diamond rings were greatly in evidence.
The city was all ablaze with the excitement of prospective riches.
Champagne replaced Scotch and soda, and game dinners were very common.
Auction sales were held daily and nightly, and in the auction rooms of
Jim Coolican, Walter Dufour and Joe Wolf people bought recklessly.
Property changed hands quickly at greatly enhanced values. Certainly a
land-office business was being done. The craze spread to the rural
districts and land surveyors and map artists worked overtime to fill
orders. Lots in Winnipeg were plotted for miles beyond the city limits.
Some non-existing “cities” were placed on the eastern market, and some
swamps were brazenly offered in Winnipeg. If there ever was a fool’s
paradise, it sure was located in Winnipeg. Men made fortunes—mostly on
paper—and life was one continuous joy-ride.
A lot of us boarded at the Queen’s Hotel, then run by Jim Ross, at whose
table a quiet coterie sat. Amongst the personnel of the party was La
Touche Tupper, as good a fellow as ever lived, but a little inclined to
vain boasting. He was a fairly good barometer of the daily land values.
Some days when he claimed to have made $10,000 or $15,000 everything was
lovely. The next day, when he could only credit himself with $3,000 or
$4,000 to the good, things were not as well, and when the profits
dropped, as some days they did, to a paltry $500 or $600, the country
was going to the dogs. We faithfully kept count of La Touche’s earnings,
and in the spring he had accumulated nearly a million in his mind. There
were others. And all went as merry as a marriage bell, with wealth and
wine on every hand, until one day, when lots in Edmonton were placed on
the market, the craze ran higher than ever before. It was a frightful
frenzy. Without any knowledge of the locality of the property, people
invested their money in lots at fabulous prices. Many overbought, some
tried to unload and the next morning there was a slump, and you couldn’t
give away property as a gift. The boom had busted. Where, the day
previous, the immense throng had gathered in such numbers that window
panes were smashed, in their eagerness to buy, only those who wanted to
sell were seen. It was the morning after the night before. And a mighty
sad one it was.
And Winnipeg came down to earth again.
Public-domain text, read in full here on John Shaqi.
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