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Newspaper Page Text
MAN WHO WON AND LOST
New York, Jan. 3. James R.
Keene, the "old gray fox of Wall
street," the only man whom Mor
gan ever feared, died at 2:15 a. m.
The death occurred in a pri
vate hospital after a serious ab
dominal operation. Keene had
been a chronic invalid for two
years and had been out of the
market for fully two years.
Keene's life story is typical of
the spectacular quick fortunes of
.He bucked Jay Gould and beat
him and was beaten by him. He
was always a bear, save on one
notable exception. He made mil
lions over and over again, and lost
them, and made them again.
Briefly the story of Keene's life
is as follows :
Born in London, England, in
1838, the son of a merchant.
Taught by private tutors until
he entered Trinity College, Dub
lin. Had to leave university a few
days after entering because fath
er had gone broke.
Came to America with his
father and went West.
Got first job in a livery stable
at ForJ Riley.
Stuck to job just long enough
to get a stake and go out pros
pecting. Spent several years mining, ed
iting country newspapers and
Went to San Francisco and be
gan speculating in mining stocks
on bear side,
MANY FORTUNES IS DEAD
Piled up first fortune of several .
Married Sara Dangerfield in '
Market went against him in '
1870 and he went broke with
debts running up to $300,000.
Less than week after crash got
next to Senator Felton, then just
appointed assistant treasurer of
U. S., and got Felton's seat on
'Frisco mining exchange.
Declared war on Jay Gould,
then biggest man on Wall street.
Forced prices of Gould's Bo
nanza mining stock from $600 a
share to $25 a share.
Cleaned up $3,000,000 for self'
arid more millions for friends.
Caused panic in which Bank of
California failed and its president,
Wm. C. Ralston, killed himself.
Reorganized bank himself and
went to Europe.
Returned to Wall street and
again fought Gould.
Gould stripped him of every
thing he had, even to his famous
picture of the Horse Fair by Rosa
By 1880 had another fortune of
$12,000,000 and his picture back.
Made mistake of mixing up
with Russell Sage.
Sage got his $12,000,000.
Made alliance with Havemey
ers in 1893.
Picked up another $5,000,000 in
Declared war on Harriman in
Lost his fortune again got it
Only known time he was on