SOME GET-RICH-QUICK AMERICANS.
Fortunes are made and lost with astounding rapidity in New York. Mr Joseph Hoadley, an American speculator some time ago made £200,000 in five minutes, and four times that amount during the day. This fortune was made at a time of a panic on the New York Cotton Exchange, when prices went up 10 and 20 points at a time. Mr. Theodore Price is said to have cleared £IOO,OOO in five minutes, and £50,000 in the succeeding half hour, through a sensational rise in the price of cotton ; and in an action against Mr. Joseph Leiter it was stated that Mr. Jacob Astor, Cornelius Vanderbilt, and Hoadley lost £600,000 in a single day in Wall Street. In his fight against the Standard Oil Trust, Mr. T. W. Lawson lost £BOO,OOO within a few hours on copper ; in 1868 Jay Gould was 4,000,000 dollars poorer for four minutes’ gamble in gold. Mr. J. D. Rockefeller was credited a year or two ago, with earning a million pounds sterling by less than an hour’s lucky speculation.—“ Liverpool Post.”
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Northland Age, Volume VI, Issue 34, 18 April 1910, Page 7
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179SOME GET-RICH-QUICK AMERICANS. Northland Age, Volume VI, Issue 34, 18 April 1910, Page 7
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