The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1860-08-23

yourselves.
1t is related of the eccentric John
Randolph of Roanoke, that one of the
subjects which he appeared to take
great delight in ridiculing was the mod
ern system of female education. and
he often told with great glee, an illus,
tratlon OF his argument, an anecdote OF
a plain Virginia planter, who unwit-
tingly married young lady fresh from
boarding>school, and was surprised at
dinner hour that a round ofco97eed beef
had been roasted by order of his bride.
4g 81 -------'-" -'------T-taI noi5ibal
Three Per Gent a MOnth---Anec-
dOte of Games 81. King.
have said that James G.. King
was a great friend of Daniel Webster.
So was he of Nicholas Biddle. At one
time such was the influence of Mr..
King that he held Wall st. in his hand,
and some profane persons named him
the almighty of Wall Street." He
was fond OF little fun occasionally,
and liked good joke or asgood story.
He held share in the celebrated
"Tontine Stock (By the way / mean
to give you list of all the original
members Of the Tontine, and of such
as are now living. I think all the Ora
Gle family and the King family had
stock in. the Tontine)
Mr.. King had a horror o. the three
and four per cent month operations.
On one occasion, merchant who was
doing very extensive business, and for
whom Mr.. King felt sincere friend
ship, came to him and said:
''Mr. King, keep four large bank
accounts, and | have offered heavily
the best paper for discount, 1t is flung
out as fast as l offer it. shall have to
go on the street and do as others do,
get heavily shaved. Money is worth
now three per cent a month I have
got to pay it. | do not see why i
should not pay that to your house as
well as on the street. | know yousob-
ject to such transactions, butt cannot|
help myself. I will bring you down
my portfolio. 1t contains in Bills Re
ceiyable' over 100000 of A No. 3 i
business paper. You can take your
selection. I must have a 100000 in
cash before another week"
'"No business can stand such prem
ium for money any length of time. 1t
will use up a million of capital very
speedily" said Mr.. King.
ooh, not at all. My business will
Justify my paying any rate Of interest,
however eXorbitant., y q 9HT
"Why discount for a short time 2
Why not make it for two or three
years? | will not discount your good
business paper. Pay your debts with
it. Twill discount your note for 800,
600, if you will make it at three years."
"Thank you, Mr.. King. Irwill draw
it at once. 1t is very kind in you, but
don't you want collateral?'' -
"No sir. Mr. Miller turning to his
accountant take off the discount at
three per cent month on 100000
for three years, and draw a check for
the balance for Mr.. D. Wait a mo-
ment d., or give me your note for a
100000. The conversation became
general, both were seated, when Mr.
Miller the accountant, handed the fol-
lowing memorandum of Mr.. King:
N ote of Mr. d. for .-..S 500, 900
Payable three years after date
Discount at three per cent. per month
is thrty-six per cent, per year, and
for three years l08 per cent, or----$10S, 900
Balance due to Prime, Ward & King So 600
''D;, have you bank check with
your pleasantly asked Mr.. King
GA bank check? What for? ~
"Why Miller has handed me state
ment, and | find that if we discount or
shave your note for three years for
100000 at three per cent, month,
you will have to pay us $4,000,
"Why this is absurd. / give you my
note for 100000, and get no, cash
in return, but have to give yon $4,000
cash,-Bah
''Be cool, D., and listen. I have
done this purposely to give you les
son, to show you where your mercan-
tile career will end, if you submit to
such extortion, Now if you will pledge
me your word that you will curtail your
business and never pay any more than
seven per cent, interest for money to
carry on your trade, | will tell you
what [ will do. You want 800, 900.
draw your note for that sum at ninety
days, leave me with 100000 of your
best notes receivable, and will give
you the money less ordinary discount |
Of seven per cent.
Mr.. D. was grateful. He apprecia-
ted the lesson taught by Mr.. King, and
he is at present one Of the wealthiest
men in the city of New York.
Family Poisoned.
On the afternoon of the 31stult., Mr..
James Finley, wife and three children,
of the town of Fayette, La Fayette
County, left their house and went into
the harvest field. On returning home
in the evening, Mrs. Finley got ready
supper for the family, shortly after par
taking of which they were all taken Sc
riously i'll, and in few moments were
completely Frustrated. In this condi-
ton they all lay till the next day about
noon, when some person came to the
house, and was Mortified to find the in.
mates more dead than alive.
An alarm was Immediately given land