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the failure of webster & co. around the world. sorrow

IN a room at the Players Club—"a cheap room," he wrote home, "at $1.50 per day"—Mark Twain spent the winter, hoping against hope to weather the financial storm. His fortunes were at a lower ebb than ever before; lower even than during those bleak mining days among the Esmeralda hills. Then there had been no one but himself, and he was young. Now, at fifty-eight, he had precious lives dependent upon him, and he was weighed down by debt. The liabilities of his firm were fully two hundred thousand dollars—sixty thousand of which were owing to Mrs. Clemens for money advanced—but the large remaining sum was due to banks, printers, binders, and the manufacturers of paper. A panic was on the land and there was no business. What he was to do Clemens did not know. He spent most of his days in his room, trying to write, and succeeded in finishing several magazine articles. Outwardly cheerful, he hid the bitterness of his situation.

A few, however, knew the true state of his affairs. One of these one night introduced him to Henry H. Rogers, the Standard Oil millionaire.

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