The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1863-04-16
COMMERCIAL ITENs.

The Sonora, which left san Francisco March IL, for Panama,
hal forty-seyen cases cotton goods for New York.
ship Clifford Wayne, Of Farhaven, 305 tons, which has been
In that port since June, 1860, has been SOIL to New York par
ties, nr the merchant service, for $4,000.
r. II. Chapel, Esq, and others Of New London, have pur-
chased Of parties in New fork, the schooner Isabella, 49, tons,
with the intention of employing. her in the whaling business.
Alert. '"s' % o.
Pilot Knob, in Missouri, is a couical mound Of a sugar-Ioaf
an estimate it contains no less than 22O.OOOyOOO tons Of iron ore,
having 90 per cent Of pure metal in it.
NEw BAgoMETER.-M. Sauvageon, Of VaIence. has studied
the different phenomena which are produced in a cup Of coffee
when The sugar IS put into the cup; and the resglt Of these oh
sweetening your coffee" says VI. Sauvageon, = you allow the
contained in the sugar will rise to the surface of the liquid. II
these giobues form a frothy mass, remaining in the centre OF
contrary, the froth forms a rang around the sides Of the cup,
it Is a sign Of heavy raini variable weather is implied by the
frOth remaining stationary. but not exactly in the centre"
AsEcDOrE - JAMES q. KISG-James G.. King. Of New York,
after James Gore. Sir. King was a very domestic man-fond Of
his children, and would make any sAerhSe for them.
VA "an a IhgJ n as Of Wall Wa as strs sgn n H Ee" was f fond Of MIMI n,i. mum sn
occasionally, AMI liked u good joke or a good story
Mr.. King had a horror OF the three and fourper cent. a month
operations. On one occasion a merchant who was doing a very
extensive business, and for whom MIR. King felt a sincere
friendship, came to him and said:
MI. King, 1 keep four large bank accounts, and 1 have Of
terei heavily the best paper for discount Its flung out as
others do-get heavily shaved. Money is worth now three per
cent; a month. l. have got to pay it 1 do LOT see why |
know you object to such transactions, but l cannot help myself.
tr -" W. : II 15 = No b1.i'.S" ~. Yn 81 al
your selection 1 must have sIOO 600 in cash before another
week"
{" No business can stand such a premium for money any
length of time. II will use up a million capital very speedily, -
said Nr- King.
oh not at all My business will justify my paying any
rate OF interest, however eNOrbitant-r
d" Why discount for a short time? Why not make it FOR two
or three years q? / viii not discount your good business paper
Pay yOCrdebtS with it. l will discount your note for 100000,
IL you viii make It three years"
Thank you, DIR. King I viii draw it AZ once II IS very
kini in you, nut don't you want cOlatcTaIt'
No, sir Mr. Miller Cunning TO his accountaut) take OF the
discount at 3 per cent a month on 100000 for three years, and
draw a check for the balance for Mr. ID. Wait a moment, d,
and give me your note for 100000" The conversation be-
came general, bO-h were seated, when Mr. Miller, the account
ant, handed the following memorandum TO Mr. King
Note Of lr. n. payable three years after date, for. 100000
Discount at three per cent a month Is thiTty-siN PER
cent per year, and for three years los par cent,Cr 10000
Balance due to Prime, Ward * King.---..--... 5000
n, have you a blank check with your pleasantly asked
Mr. King.
- check what 6r7'
- Why, Miller has handed me \ statement, AMI l find that IL
We discount or shave your note for three years for 100000, at
three per cent. a month, you will have TO pay us 5000"
why this is absurd / give you my mote for 100000 and
get no cash in return. but have - give you 5000 cash Bah!'
" BE cool, D., and listen, have done this purposely to give
end il you submit to such extortion. Now If you will pledge me
your word Of honor that you Will curtail your business and new
er pay more than seven per cent interest FOR money 70 carry On
your trade, l Will tell you what l will do You want 100000.
Draw your note for thlt sum at ninety days, leaving with me
100000 Of your best EOtes receivable, and ! will give you the
money less the ordinary discount OF seven Ter cent"
Mr.. Il. was grateful lie appreciated ,he lesson taught BY
MI King, and he i at the present moment one Cf the wealthtest
men in the city Of New YOrk.-OE Merchants Of NsU York
City