The Portland daily press., 1893-08-04

tnen you can Duy IL from Inab per-
son at whatever he will sell 1t to you
for. Perhaps you will find some one
who will not charge you the thirty per
cent. commission we allow them"
In old times furniture was an asset,
and now it is hardly so. In the multi
plication of furniture and the commits
sions allowed to the Intermediates
every now and then great bank
ruptcy ensues, and then the furniture
from the fountain source is sold SO
low that ones household effects are
relatively eliminated. And one effect
of turning out SO much stuff by machine
is to glut the market, and these gluts
operate directly against those who
have at considerable expense bought
furniture, carpets, etc. Said l to Mr..
Bradley Smalley, of Vermont, who is
on the national commission: ''There
seem to be properties out here which
hold a very high figure in the stock ex-
chance and pay liberal percentage,
upon which the banks will not lend
money. How is that?"
''Oh," said Mr.. Smalley, sit is, I sup
pose, like the story Storrs told when
they asked him to come and make
speech when imitation was demanded
of congress, in 1874, Storrs said he
went around to a friend who was re-
publican banker and said: Gage,
want ten thousand dollars De-
lighted to let you have it, said Gage;
we have more money than we know
what to do with. Sit down and write
your note 4 wrote my note said
Storrs, with my usual alacrity, but
Gage took it up and said: "What col
lateral are you going to put up?" "Oh,
said Storrs, 81 have no collateral"
s'Sorry cannot lend you money with
out collateral" said Gage. So went
over to my democratic friend, Walsh,
and said wanted ten thousand dol
lars. '.Just the man want to see"
said Walsh; ''we can't lend our money,
and will be glad to lend it toyou." So
I sat down. said Storrs, TO make my
note, when Walsh said: what col
lateral are you going to put up?"
"None," said I. ''Oh," said he, s'that is
a horse of another color" And now
said Storrs, turning to the crowd, I
find that it is not a want of money at
all; but only want of collateral that
is the trouble"
Coming upon Mr.. McVicker, the vet
eran theater manager, one day, when
an oriental banker had run away from
his bank and either drowned himself
or Strengthened his features as a dis
guise, said to McVicker: "What is
the trouble with the financial times?"
'sApes," replied McVicl1er, promptly.
"Apes?" queried.
Eyes, apes. We have been growing
large crop of millionaires in this
country in the past twenty years. For
these genuine millionaires there are so
many ape millionaires, fellows who
play the millionaire act without any
sense or basis, mere imitatory, like the
ape shaving himself when he sees his
master do it. The failures now going
on are the failures of the apes"
s'Well," said person standing by,
knowledge is power, after all. The
people are finding out that not even
stock exchanges register facts. Iknow
of certain big stock, or series of
stocks, which was deliberately listed
upon stock exchange, and that stock
exchange created, or manipulated, to
keep the figure marked up. AS long as
the quotations were high and the stock
was bringing SIX hundred per cent
more than it cost, they could, of
course, pay respectable dividends, but
that did not validate the,bottom fact