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Updated: May 24, 2025
I explained to her that, in order to speculate, it was necessary to keep re-investing and turning my money often. Mr. Keefer said I was right, but advised me to be very careful, now that I had quite a nice start from simply nothing. After selling out, I one day called on the day telegraph operator, Will Witmer, and while sitting in his office, asked him to explain the mysteries of telegraphy.
By turning over his money and re-investing it, and by fresh speculations, he became a millionaire in a wonderfully short space of time. Then he made me his secretary and afterwards took up politics. The Government gave him a knighthood for services rendered to his party, and he became a well-known figure in the world of finance. He married Lady Agnes Lambert, and and that's all."
A large fortune is like a delicate animal, always in need of nursing and attention, it is always changing colour in spots from rosy to dark, a depreciation in Peruvian bonds means that your capital has shrunk just there and the question comes will it go on shrinking; a big rise in P.L.M. shares suggests taking the profit and re-investing should they fall again.
They said first that Warner was asphyxiated accidentally, but he was so deep in a hole with investing and re-investing other people's money and his own and he had lost so much that people think this was the easiest way out of it all for him. I suppose it will be hushed up and no one will ever know just how he died.
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