New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-01-17
Trouble. d !. o..h,sr--A right 9 Day.

rroubles Of oashlsr--A . Tight . Day.
Under this head, Mr. Gibbons in his recent graphic
work on Banking, gives an insight into the annoy.
ances Of the otherwise pleasant berth Of . city
Cashier 55s VS.
Eight or ten anxious customers await the Cashiers
\ his best personal friends They viii not be pnt of
loan Each one considers bis case entitled to special
consideration above all Others.
1 !" Good morning, Mr.. Cashier -.5
Good morning, = MI. A"
| d not discounted, Sit. z
= All, my friend | am sorry but you see that
1 others are Id the same predicament.a 4.
!" Yes, sir; but that gives me no comfort. have
my notes TO nay. /
The Board did their best, Mr.. A. Our receipts
happen % Be very small just now, and we have been
sadly beaten ~ the Clearing House for three mornings
| Ii Succession AL. 81
MI. Cashier. this paper is Al. You have nothing
better on your books. The amount is not large, and
the time is Short +
II Is impossible, sir for the Bank to discount it.
We are obliged to turn away every application at
present. 1852 -
:. !. Have you looked at my accOuntan & rs
have not.n s
$ Then you must do 30, and consider whether am
not entitled to all that ask" =
e The Board Of Directors have left me no dscre.
ton They decided that i was not safe TO loan q
angie 004l0rs y
4 nv balance has not fallen below three thousand
dollars for months past. make no unreasonable re-
| quests *
II Is true, sir, that yonr requests are reasona-
be, and that your account entities you to liberal
line But what can we do without the means Of
!" The whole amount Of my accommodations for
year has been exceedingly moderate do not trouble
| Jon with incessant calls. =
g That is 90, sir, but -
:" Welf Mr.. Cashier, Iclaim 20 be an exception TO
| your general rule. You must discriminate between
men who bore you to death all the time and those
who are reasonable in their demands It is seldom
| that ask you for DISCOUNTS and when do, wait
then" * 5000 .ts a
s No doubt. sir and assure You that we have
every disposition to treat you literally. 1t ia very
unpleasant duty to reject such claims as yours but
/ tell you again. and want you to believe me,
that We have no alternative. We cannot move an
| inch ss4 q 5
/" But, sir. you must move an inch Do you pre-.
tend to tell me that you will enjoy the use Of my bal
sncs Of three or four thousand dollars lending Il out
to other people and then, when want to get little
loan myself you will turn round and say you can't,
snd You have 40 discretion, and no powsrs What do
that pay my notes Now, sir, will tell you and
your Board Of Directors that / am not the man to
submit to such treatment!
q MT. A., If you are reasonable mani
If am responsible man! i an, q responsible
man, sir and that's Just the whole case. Because
am 40, want my paper discounted II Is my right,
sir, and dontt mean to give it np!n
Well, sir, it Is yonr right and don't want you
to give it up But you must listen to me, while put
4 the matter to your own Judgment
Il have settled 1t in my judgment already. don't
want to hear this stuff about the Clearing Honse
The Clearing House is nothing to me my notes have
| to be paid-thats my Judgment, sir n
stDo you think, Mr.. A., that am made of gold or
that can turn back the tides of the North river p?
/ II know very well that you cannot change the
market; but you can discount this paper"
my dear sir, cannot do it without endangeling
more and larger interests than yours. Our stock
holders and creditors generally have rights as we'll
as you. failure to pay our balances at the Clear
ing House would be fatal blow to our credt-equi.
valent to protest! Our deposits would be with
4 drawn, and we could no longer keep your present
discount where it is, which hope to do by course
Of mutual Indulgence with our dealers. There is no
possible remedy for this state Of things, but to wait
for the gradual maturity Of our bills discounted. If
you will bring me your paper some days hence, you
will probably find us in better condition.
Mi. "A yields in a moment Of cooler Judgment. If
the Cashier, however, had treated him with sullen
refusal, making no explanation. be would have gone
away in lit Of anger, and his friendly relations with
| the Bank might cease. b slssls
This be called the science of contact In tight
market, Bank officers every hour brought into col
i sion with the most imposing interests Of commerce
/ in the hands Of men unaccustomed to denial whom
it is very desirable to concate, and very easy at
/ such times to offend. ele-- &
4