The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1875-09-03
Advice 10 Those About Investing In
Private Banks.

A correspondent OF the New 1Ofk
Ereniag Post says; Whenever one of
your unsophisticatcd friends has money,
and wishes TO put IL in the hands of Il
private banking house, imagine the fol-
lowing dialogue TO take place between
him and the senior partner Of the firm
'.Sir," says the deposition, 'permit
me 10 AK you few questions -:
l. what Is the rent OF your city dwell
ingG
Answer. ! own the house; il cost me.
with stable. ESQ 900; ten per cent. Is
remit. ...,,...-... ............S 2,VOo
q DO you keeps country house; II so.
A. IL cost me sloo, 600; rent. say. 10000
s. DO you keep more then one country
house,
A. hayea farm Of iny acres, which
cost me t25 900; rent, say ........... 800
T. DO YOU keep ayacht, II so, its cost.
and the cost per annumf
tainments, etc. per annum ...... 5000
g. What Ia the amount Of your personal
expenses, with your three horses
A. Last year they ran up to go, 600.
Lord Brass. costing Q 600. This year
shall econonize more. and they will
not gOOvcr. s........... ............ %, 900
g. Do you keep race horses?
A. No; but have three that have gone
at = 40 but seldom run them. Their
cost is included in the above 81 900.
Annual expenses Of the senior partner. z IS. 800
T. But you have three partners, who do
the business. while you are yachting
and at your country houses do they
draw each as much as you doy
A. Oh, no. only one draws. $50. 900
Another .....s......t ..,t..t.... 2',OV
The ulifu ...-.......-........-- sO,vb
Cost Of three junior partners. ......... 1900
---
For family expenses, per annpm. of
the TOUR partners ..ss.--......... ltO, opU
g. In your huge banking house you must
have large rent and several clerks
A. our bank rent is. ........ ais 800
our clerks, ten In number, in ag
grega'e, cost ''.--.'''''''-..' ITO" ~ 100
Aggregate OF yearly expenses. 100000
2. WHAT Is your actual capitals
A. put in as my portion. ............. $4,000
My partners. IN aggregate.............. 5000
Actual capital. go. 900
10. Now. my friend. can my deposits be safe in
your hands when subjected To such an expendi-
turey
A. on, yes. perfectly safe; our income is more
than so 900 per aDnnm.
II. 40 tell IL itsos Pray. how do you do IL
A. We take deposits and allow tive per cent. per
annum = on call, and loan II az seven, and
often with round commission In addition.
II. Butp pray tell ne, whom do you ind ready %
pay such rates who viii ever return principal
or interest
A. on, plenty OF people Why, we have taken
the bonds of the shy Rocket Railroad for five
millions Al seven, ana commission 81 eight per
cent. per annum as long we will carry the
loan. ihis gives us $3.50, 900 per annum. ~
we borrow on this security, with our own high
credit, at two per annum.
''Well, Welt" exclaimed the deposit
tor. "If the Sky Rocket Railroad will
pay YOU such an interest, | will 20 and
deal direct with them, provided | con-
clude to leave my money in Wall
Street.
''Nay," says the banker, 'you had
better leave your money with Us, as
some Of our ncighbors in the banking
business have taken ont $50, 900 or Si0,-
600 year and settled il ON their wives,
which is thing our concern will never
do =
.'But,n argued the depositor, elf
the 'Sky Rocket should fail your de-
positors would never get from YOU ten
cents on the dollar One question
more: Are either Of Your dwelling
houses mortgaged, and for how muchg"
'My town house is mortgaged Ga
purchase-money moltgage) for $500
600, and my country house for $50, 900.
NV partners don't own their houses.
but rent at So 900, - 900 and - 900. =
''Dcar mel" sighs the dcpositor,
"what is New York coming to?n