Green-Mountain freeman. [volume] (Montpelier, Vt.) 1844-1884, 1847-11-18

With ShreWQneSS, TACT untlIl18 Iuuuellyi ahu
spirit that knew no Encouragement, the young
man pressed forward in business The warning
of the merchant, if it did not repress his desire
to get rich in haste, caused him to look more
closely than he would have done into every trans
action he was about to make. This saved him
from many serious losses.
The want of more capital soon began to be
!. felt He saw good operations every day, that
might be made if he had capital enough TO enter
to them.
"a man deserves no credit for getting rich, if
he had capital enough to work WITH" was IA
vorite remark "There is plenty of business to
be done, and ways OF making money in album
dance, if the means are only at hand"
One week. if he had only been in possession
of means, he would have purchased a cotton fac
tory; the next week become possessor of ship
and entered into the East India trade, and the
week after that, purchased an interest in lead
mine on the Upper Mississippi.
Money, money, more money, was ever his cry
for he saw golden opportunities constantly pass
ing unimproved A neighbor, to whom he was
expressing his desire for the use of larger cap
ita, SAID to him, one day
"IIl tell you how you can get more money p
GLOW ?" was the eager question.
"Get into the direction of some bank, push
through the notes of business friend in whom
you have confidence, who will do the same for
you in another bank in which he is one Of the
managers. There are wheels within wheels in
these monied institutions, from which the few
and not the many reap the most benefit, Con-
meet yourself with as many as you can Of Them,
and make the most of opportunities which such
a connection affords. You know Bamier"
eyes"
"And what rushing business lie does 2"
eyes"
"IIe dragged heavily enough, and was always
flying about for money, until he took hint and
got elected into the Citizens and Traders Bank
Since then he has been as easy as an old shoe,
and has done five times as much business as be-
fore"
"Is it possible 2"
ooh yes You are not fully up to the tricks
of uade yet l see, shrewd as you are"
81 know well enough how to use money, but
| have not yet learned how to get it,
"That will all come in good time. We are
just now getting up petition for the charter of
a new bank in which am to be director, and
can easily manage to get you in if you will sub
scribe pretty literally to the stock 1t is to be
called the Peoples Bank"
"But have no money to invest in Stock
That would be taking away instead Of adding
to my capital in trade, which is light enough, in |
TALL conscience"
"There will be no trouble about that Only
an instaIment of 20 cents on the dollar will be
necessary to set the institution going. And no
more than ten cents on dollar will be called in |
at time. After two or three nstalments have
been paid, you can draw out two thirds of the
amount on stock notes"
Indeed That the way it's done 2"
Eyes You ought to take about hundred
shares, which will make it easy for us to have
you put on the board of directors
'l'll do it," was the prompt response to this
"And take my word for it, you will not he
many months a bank director, if you improve
the opportunities thrown in your way, without
having good deal more money at your command
than at present"
The charter for the Peoples Bank was OBJ
t4lned and when election of the board Of man
ayers was held, Lawrence went in as director.
He had not held that position many months, be-
fore fayorlng certain paper that was presented
from certain quarters, he got paper favored that
came from certain other qlatters; and in this
was Individually benefited by getting the use of
about fifteen thousand dollars additional capital,
which came to him really but not apparently from
the bank in which he held hundred shares of
stock. For the sake of appearances, he did
not borrow back his instatalments, or stock notes
1t was little matter and would have looked as
though he were pressed for money.
From this time Sidney Lawrence became
inancier, and plunged deep into all the mystic
ries of money raising. His business operations
became daily more and more extended, and he
never appeared to be much pressed for money,
At the end of couple of years, he held the
office Of director i'll two banking distributions,
and was president of an insurance company that
issued post-notcs on which three per cent was
charged. These notes. as the institution was in
good credit, could readily be passed through
almost any bank in the city. They were loaned
pretty freely on individual credit, and also freely
on real estate and other collateral.
ITO be cOntinued)