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Inside the 1870's, almost all capital for major mines in California and other western states or territories was focused in San Francisco, where William Ralston, chief officer of the Bank of California, pursued purchases. When his associates were persuaded a diamonds lode of secret location have been discovered, he incorporated with them the Golconda Gemstone Mine. The Exhilarated Suckers symbolizes the course of their investment. F.L. Light is the author of the Gouldium, a series of twenty-four dramas (all framed to his peculiar form of Athenian tragic poetry), on the life span and times of Jay Gould. This play is no less framed.