Connecticut western news., 1891-01-28
PAlMER'S DEALINGS WITH STEWART.
A Single Transaction Won the Admirn-
 ton of the Dry Goods King.

A Single Transaction Won the Admira-
 tion of the Dry Goods King.
 A. T. Packard tells of a deal that once occurred between A. T. Stewart and Potter Palmer. ''It was during the early days of Palmer's career in the dry goods business-1S62, I think. He enjoyed good credit in Chicago, but in New York he was not much known, and for that reason he went there him. self to buy his goods and pay cash for them. Every day and sometimes twice day the receipts of the business in Chicago would be sent to him, and he would place the funds in a safe in his quarters at the Fifth Avenue hotel until he went out to buy, and then he would carry the money with him. His banking business he did in New York.
 "One day friend advised him to buy prints, as a boom in the price was about to occur. Palmer posted off to A. T. Stewards wholesale establish ment, and was shown through the print department, in which were 420 cases of the goods. After looking them over and getting the lowest price he remarked as calmly as if he were purchasing one yard, I'll take the 42O cases,' and then went to bis hotel. The sale caused fiutter in the house. Who is this Potter Palmer2' was the query. And as the bill amounted to &2OO, GOO the clerk, unwilling to take the responsibility of so large credit upon himself, reported it to Stewart.
 ''The next morning Palmer received word that Stewart wanted to see him, and thither he posted. In the mean time, I should say, the price of prints had already advanced couple of cents, and Stewart made up his mind to cancel the sale if by any possible, honorable means he could do 30. You know that in the dry goods business cash goods sometimes means payable in ten days and sometimes in thirty days, a fact upon which Stewart relied to help him out.
 MT Palmer he said, when the latter appeared, you bought a pretty large bill of goods yesterday. sup pose you know on what terms you pur- chased2'
 Certainly; thirty days Palmer replied.
 :" Not at all,' responded Stewart in his sweet, oily way. They are ten days goods, and on no other terms can sell them
 "At this Palmer was silent a moment, while Stewart chuckled inwardly at the thought of the ease with which he had saved the profit of the rise to himself But wishing to appear liberal he said:
 "'Yes, that is the best can do; but if you can pay spot cash I can give you good discount.
 How much of a discountT queried Palmer after the manner of a man thinking of something else.
 oh, can give you 10 per cent. for spot cash; otherwise must have the l money in ten days or no sale.' Stewards 1 manner was that of a fisherman playing with a well hooked trout. Palmer re- 1 mained lost in thought for about two
 minutes and then, while his face grew
 longer than ever, though inwardly he
 was laughing at the glee in Stewards eyes, said, slowly drawing big wallet from his inside pocket:
 Well, guess I'll pay spot cash, , | and to the astonishment of Stewart | Palmer counted out the amount, less ! the discount, and asked for A. T.'s re- ! ceipt. The latter's admiration for his Chicago customer went up like rocket, 1 where to the day of his death it re- l mained. Ever afterward Potter Pal ! mer's credit was Al, and he paid for his goods when he got ready. ."-Chicago | Post