Keene's clients liked such methods, and they came to him in such numbers that in a short time he forced his way to the leading position among the San Francisco brokers, and as an operator on his own account he easily distanced all the others both in daring and in winnings.
Thirty years ago he had a fortune of six million dollars, and he started for Europe, but stopped off in New York to sell railroad shares short, for what he had seen on his trip East convinced him that there would be a break. His first deal netted him two hundred thousand dollars, and he threw up all thoughts of a European trip.
There was a story current at the time that Keene had all his wealth turned into gold, and the gold was done up in neat little parcels. With this, so he was credited with saying, he intended to wipe Jay Gould off the financial map. This story, however, is not true. It was Keene's intention to take a little flier, gain a little spending money, and continue on his way to Europe for rest.
But Wall Street fascinated him. Everything there was done upon such a lavish scale that it just suited him. So instead of taking a vacation he plunged into the market, and his winnings at first were enormous. During the next two years he cleared nine million dollars. Then he went into a wheat corner, and before he got out again he was squeezed dry, and a million and a half in debt.
He fought the old San Francisco fight over again and he manifested the same old San Francisco courage.
They had pushed him down to such a point that he could no longer afford to live in New York, and he hired a little house in the suburbs. A cab was a luxury that was not to be thought of, and so every day, pleasant or stormy, Keene walked from the cars to his office. His lunch, and sometimes his dinner, consisted of fruit bought from a basket.
Around him were scores of men reduced to a similar pass, and most of them lost courage and drifted down and out. Courage was the only thing Keene did not lose. He hung on tight, and his former experience enabled him slowly to recover the position he had lost. Little by little, he got on to his feet, and when once he had wiped out his debts he began the fight again on a big scale, and has managed to make himself one of the richest men in the country.