Roughing it, Part 5 by Mark Twain — Read

My salary was increased to forty dollars a week. But I seldom drew it. I had plenty of other resources, and what were two broad twenty-dollar gold pieces to a man who had his pockets full of such and a cumbersome abundance of bright half dollars besides? [Paper money has never come into use on the Pacific coast.] Reporting was lucrative, and every man in the town was lavish with his money and his "feet. " The city and all the great mountain side were riddled with mining shafts. There were more mines than miners. True, not ten of these mines were yielding rock worth hauling to a mill, but everybody said, "Wait till the shaft gets down where the ledge comes in solid, and then you will see! " So nobody was discouraged. These were nearly all "wild cat" mines, and wholly worthless, but nobody believed it then. The "Ophir," the "Gould & Curry," the "Mexican," and other great mines on the Comstock lead in Virginia and Gold Hill were turning out huge piles of rich rock every day, and every man believed that his little wild cat claim was as good as any on the "main lead" and would infallibly be worth a thousand dollars a foot when he "got down where it came in solid. " Poor fellow, he was blessedly blind to the fact that he never would see that day. So the thousand wild cat shafts burrowed deeper and deeper into the earth day by day, and all men were beside themselves with hope and happiness. How they labored, prophesied, exulted! Surely nothing like it was ever seen before since the world began. Every one of these wild cat mines -- not mines, but holes in the ground over imaginary mines -- was incorporated and had handsomely engraved "stock" and the stock was salable, too. It was bought and sold with a feverish avidity in the boards every day.

You could go up on the mountain side, scratch around and find a ledge (there was no lack of them), put up a "notice" with a grandiloquent name in it, start a shaft, get your stock printed, and with nothing whatever to prove that your mine was worth a straw, you could put your stock on the market and sell out for hundreds and even thousands of dollars. To make money, and make it fast, was as easy as it was to eat your dinner.