Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1856-02-16

FINANCIERING.

One Of the most remarkable and successful
cases Of hnancioring we find in the Editor 5
Table Of the Pioneer Magazine
Baron Roihschid sat in his Office counting
his gains, and calculating the risks Of certain
loans. which had been offered him. when a
spruce, haQdsome young man entered, and re-.
quesied the loan Of two thousand pounds
"What is the security ~ said the Baron, with
ont looking up. "My noie," was the reply.
The great money-lender turned and surveyed
his applicant, scruiinizing him from head to
foot. There must have been something honest
IN the young mans face, for the Baron was ey-
identity pleased with the result Of his scrutiny.
"Would two Thousand be sufficient, young gen.
tleman ~ said he, 81 can let you have ten as
well as two" 1.-TWO will answer my purpose
now" said the would-be-borrower, though /
could Of course use ten Thousand ~ do no,
say that will lend ii, said the Baron. "bui
can put you in the way Of getting ten times
that amount, if you know how to take advan-
iaee OF opportunities. The young man irem-
bled, surprised at the usual complaisance uf
man who in money matters had the reputation
cf being very severe. He feared that he was
about TO propose some doublfal operation. and
he s,ammered-"Any honorable proposition. -
II would make no oihor,' said the Baron. with
dignity 'eoine, well take walk upon the
street.
Instead Of offering his arm To his new ac-
quainance, he took his, and thus they prone
naded Lombard Street. The Baron learned
the name and business Of his companion, and
the objee, for which he wished the money
Hundreds Of people met them, aud bowling 10
the great money king turned as they passed to
look Of and wonder who could be his compan-
ion Some Of the richer and more influential
denizens Of that money street stopped to have
chat with him and to these the Baron intro
daced his Young friend, with the remark--ihai
any favor they could do him would be consider
ed as personal favor to himself. Many Of
these we've men whose wealth and influence
were so great, that their very names command
cd the involuntary respect Of our young friend
lie saw bis advantage at once. Arriving at
tho end Of the street, the Baron affeciionateIy
took leave Of him, saying-lha, If he did not
obtain the money elsewhere, be might come to
him in the aferuoon-and with knowing wink,
he got into his carriage and drove or Our
young friend. turned TO walk back on Lombard
Street. He met one Of the men--a very Cre- Z
sus-to whom he had been introduced bv the 4
Baron. This person, desiTous Of cultivatine [
an acquaintance which had had such an auspic- 4
ious introduction. held him in conversation. in /
the course Of which our friend plumply asked
the loan Of $4,000. The rich man could no,
refuse-ihe applicant had been introduced BY .
Rothschild nay, had been as good as endorsed I
he i'm anI l.
favor to the gseai man. The notes were count |
change. The lender looked at the signer.-l
True, he had never heard the name on Change, !
but never mind ROlhschld would rot have 4
walked arm aud arm with him as be did, il be .
had not been perfectly good So, with many \
assurances of distinguished regard, the two
parted.
A Few steps further the young advenIurer
met another of his new acquain,ances. and /
while haliing with him he carelessly displayed
the bank notes he had Just received, and OBJ
serving that he had large amount TO make up
for a certain great operation, and not wishing. /
for private reasons, to apply 10 his good friend,
the Baron, he would feel obliged IL his new /
friend could lend him 4 10000 The latter ,ae.
inated by similar motives as the other money
lender, counted out the desired amount and |
took note, with the unknown name in ex-
change. And so the young man went on bor-
rowing from each Of his new friends until he |
had accumulated hundred thousand pounds.
All this he deposited with Rothsehild, Ieserv.
ing only the f2, coo which he had originally
desired. The next day there was great iu.-
ter among the rich men on Change, and many
were the eonjeelures they made as they 'com-
pared notes" about the Bsron's friend. Time
few on. No one had seen The unknown mon
ey-borrower, aud some Of the lenders began to
think they had been siciimized, The Baron
was mute to all their inquiries, and they knew
no, what to think. When, jus, before time for
payment arrived, each one received a notice
from the stranger acquaintance, TO the effect
that IL they would present their notes at the
banking-house OF Roihsehild they would be
paid. One who held note for eco, 900 wen,
there out Of curiosity, as he said when, 10
il was cashed The news went like wild-6re.
All came with their notes and all, as soon as
presented, were paid and upon this affair Mr.
Coutts established credit, which enabled him
soon afterwards 10 establish the banking house
Of Couiis & Co., whose credit st the presen,
day in England, is almost equal to that Of ,he
great Rolhschid himself, 10 whose ailabiliy its
founder owed his fortune and success.