The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1896-01-09

By return mail came letter wherein
was advised to invest in India per
cents or London Gas. wrote an i'm
mediate order to have the bank purchase
100000 of India stock and sent my
check for that amount, on his own bank,
payable to the order of the manager.
received the stock. instantly sold it and
replaced the money to my credit, and
the next day sent off an order for SIC, 200
Gas stock and repeated the operation
until had made the impression want
ed to make on the mind of the manager,
SO that when returned to London for
my decisive interview and sent in my
card he would at once recognize the
name, F. A. Warren, as the multimil-
lionaire American who had been send.
ing him e10, 900 checks from Paris.
After ties events narrated in the last
chapter l returned to London. I arrived
early i'll the morning, and meeting my
companions we had long and anxious
talk over my near approaching and all
important interview with that great sir
OF the London world, the manager of
the Bank of England. Happy for us if,
in that interview, the manager had ask
ed for the customary references or had
used ordinary business precaution and
Investigated me, or indeed had acted as
any ordinary business man would have
done under ordinary circumstances.
Our known conclusions were that the
fact that I was already depositor, to-
gether with the impression made by the
letters and my e1O, 900 checks, would
put the thing through. Yet we of course
felt that thousand things could arise
to block our way effectually. A look, a
word, shadow or a smile in my face
might ruin all, but still, after providing
so far as possible for every contingency,
after planning what was to be said or left
unsaid at the interview, after my COM
panions filling me full Of advice, we
felt, after all, that everything must be
left to my discretion to say and to act
as thought BEST
This council Of war was held in nv
room in the Grosvenor. had arrived
from Paris at 6 o'clock Mac and I
breakfasted together at 8. George join
ed US at 9, and we talked until 10, and
then we set out together for the bank.
Arriving there, they remained outside
watching for my temperance. Enter
ing the bank, l sent in my card-F. A.
Warren-by liveried funky and was
Immediately ushered into the managers
parlor He has long since gone over to
the majority so here Twill not so much
as name or describe him. Sufficient to
say that as soon as l set eyes upon him
thought that we would have no partic-
ular difficulty in carrying out our plans
The manager, who had been told that
l was railroad contractor, expressed
himself highly grati6ed to have me do
my business through the bank and said
they would do all in their power to &C
commodate me. told him that of course
was financing large sums and would
require more or less discounts before the
year was out. Then came away, and
meeting my two friends outside of the
bank in answer to their eager inquiries
as to what had TRANSFERRED told them
that so far as the bank officials were con-
cerned our way to the vaults Of the bank
was wide open.
So ended the last scene of act 1.
The next day went to the Continental
bank in Lombard street and bought
sight exchange on Paris for 100000
francs, paying for it by check on the
Bank of England. Twas given note
of Identification to the Paris agent of
the bank.
That night left Victoria station for
Paris. At 10 the next morning had my
money, and going to the Place de la
Bourse, near the exchange, [ commits
stoned a broker, who was member of
the exchange, to purchase bills in Lon
don for e8, 900. cautioned him to buy
bills drawn only on we'll known bank
ing houses. About o'clock he had the
bills ready. I paid him the amount,
along with his commission, and examin-
ing the paper found he had purchased for
me about what I wanted
Twill explain, for the benefit of any
reader not conversant with financial
transactions, that if John Russell, cot
ton broker in Savannah, ships a thou
Sduu Ud4OS VI COCUOu 10 d It'll LII MAIL
chester, the firm in Manchester author
ICES him to draw bill of exchange on
their firm, payable at some London bank
at three or six months time, for the
value Of the cotton. We will say the
price is e1O, 900. Russell draws ten bills
for $1,000 each, say, payable at the
Union bank Of London. He gives these
bills to a money broker in Savannah,
who sells them on the exchange and
| gets for them whatever the rate of ex-
change may then be on London. The
president Of the Georgia Central railroad
may have ordered thousand tons of
steel rails in England for his road, and
to pay for them he orders broker to
buy for him bills on London to the
| amount of the cost Of the rails He pur-
chases the Russell bills, and these bills
Of exchange he sends in payment to the
steel rail manufacturers in England $50,
as matter Of fact, the president of the
Go0rOia Gontra1 pouc Puceo11 for hi