A Man Rich in Friends
He was going to corner the rice market. There was a shortage of rice in San Francisco and he, well, he knew people.
Unfortunately, the day “his” ship arrived in port with a delivery of rice, every other ship that arrived that day also had a full load of rice. The shortage was suddenly over, but Joshua Norton was the only man waiting for his ship to come in who had invested his entire fortune—possibly as much as a quarter-million dollars—on that one shipment. He declared bankruptcy.
He began to file legal proceedings and lawsuits against every institution that he could think was to be blamed for his misfortune, from banks to the United States of America itself. Finally, he declared himself Emperor of the entire continent, America and Mexico. He had probably gone insane in his frustration and endless effort, but no man found greater riches.
Read More

