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Grant, Ulysses S. (Ulysses Simpson), 1822-1885

"The Memoirs of General Ulysses S. Grant, Part 2."

Streets and houses had been built out on piles
where the year before the largest vessels visiting the port lay at
anchor or tied to the wharf. There was no filling under the streets or
houses. San Francisco presented the same general appearance as the year
before; that is, eating, drinking and gambling houses were conspicuous
for their number and publicity. They were on the first floor, with
doors wide open. At all hours of the day and night in walking the
streets, the eye was regaled, on every block near the water front, by
the sight of players at faro. Often broken places were found in the
street, large enough to let a man down into the water below. I have but
little doubt that many of the people who went to the Pacific coast in
the early days of the gold excitement, and have never been heard from
since, or who were heard from for a time and then ceased to write, found
watery graves beneath the houses or streets built over San Francisco
Bay.
Besides the gambling in cards there was gambling on a larger scale in
city lots. These were sold "On Change," much as stocks are now sold on
Wall Street. Cash, at time of purchase, was always paid by the broker;
but the purchaser had only to put up his margin.


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