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Updated: May 25, 2025
And yet, look what a head he had for business! He had made one immense fortune out of nothing at all in the boom-time, and had lost it when the slump came. Now he seemed on the way to make a fortune again. His estancia lay on the river-bank, and was independent of the old heart-breaking system of railway service in Argentine for the conveyance of his alfalfa and wheat.
Of the charter members of the Building and Loan Association, shrewdest of the many boom-time schemes for the separation of the pay-roll man from his money, only two remained as residents of Angels the decadent.
In the boom-time, this was claimed to be the veritable "Garden of Eden," and soil was considered worth its weight in gold, but now my guide offered me six house lots which cost him three thousand dollars, for two hundred dollars; the bubble had burst, a few had become rich, while hundreds of speculators had lost their all.
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