The Democratic press. [volume] (Ravenna, O. [Ohio]) 1868-1901, 1894-10-31
NEVER ENDORSE ANY MORE.
DIR. Depew Has Forty Thousand or More
Reasons Why.
had both money and a friend.
/ lent my credit to my friend;
lost my money and my friend.


lent my credit to my friend;
lost my money and my friend.
old Story Revised.
Oh, no, we'll never endorse any more.
New Song.
Chauncey NJ. Depew has been asso-
ciated all his life, from the very day he
left Yale College, with rich men. He
was one of Commodore Vanderbilt's
"boys." and has been the intimate of the
commodore's sons. The CARROTS, the
SCOTS, the Morgans, and all the kings
of the railroad and banking world for
twenty years and more have been
among Mr.. Depew's friends.
All of these gentlemen have been
tackled by the fellows who are proverb-
ally short" There is class of bor-
rowers who want to exchange checks;
that is, the borrower wants the check
of a sound man to use Immediately, and
in return gives check dated ten Or
more days ahead, when he expects that
his own bank account will be rich enough
to meet it. There is in this fraternity
set of downright swindlers, whose
checks are returned with that exasper-
ating stamp, mo funds" AS Solomon
said:
"My son, if thou be surety for thy
friend, if thou hast stricken thy hand
with a stranger, thou art shared with
the words of thy mouth, thou art taken
with the words of thy mouth"
Solomon evidently knew something
about "hand shakers" DR.. Depew has
come to some conclusions also, and here
they are:
Never endorse an accommodation
note. If you wish to help your friend,
make up your mind how much you can
! afford to lose, and lend him that. He
will consider seriously the repayment
of this money, while your name on his
paper will not receive second thought.
If his venture is failure and your
money is gone, you will not be greatly
disappointed, and your compensation
will be an approving conscience and
the satisfaction of having done the best
you could for one whose appreciation
of your effort you value. But your en-
dorsement he regards as mere form
alitv. He believes in himself and has
great contempt for your fears. At each
renewal of the note he will want the
amount increased or an additional note,
on the plea of increasing business and
opportunities. When you have become
frightened at the sum for which he has
made you responsible, and find that you
must stop or be ruined, he will say that
unless you aid him further he will be
forced into bankruptcy and you will be
the cause. When he fails, as he newt
ably will, you find that the money
raised on your notes has paid enemies
and strangers who insisted on his deal
ing with them on business principles,
and that you are his largest and per-
haps his sole creditor. You are Grip
pied financially for a time, and perhaps
for life, by meeting the maturing obi:
cations which you have endorsed, ano
your former friend, now your bitter
foe, is loudly proclaiming in his OWL
justification that you are the author O.
his ruin. The result of your excursion
in the careless lending of your name
will be that you have lost both friend
and fortune, and have discovered, per
haps too late, that you are a fool.
have had in greater or less degree sew
eral such experiences"
!, 1t is said on good authority that DR.
Depew lost $4,000 last year by endors
ing notes. He'll never do it again, h'
saYs.-N Y Sun.