Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1898-01-01
DR.. Dcpew Has Forty thousand or Moro
Reasons why.
had both money and n friend.
liant my credit to my friend,
] lost my money and my friend.

-olu STORY heNlScu.
Oh, no, well never endorse any more.
Now Song.
Chauucey NJ. Depew has been asso-
ciated all his life, from the very day he
left Yale College, with rich men. He
was n of Commodore Vanderbilt's
boys" and has been the intimate OF the
commodore's sons. The CARROTS, the
Scots, the Morgans, and all tho 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 tho fellows who are proverb-
ally short" There is a class OF bor-
covers who want TO exchange checks;
that is, the borrower wants the check
of a sound man to use immediately, and
in return gives a check dated ten or
more days ahead, when he expects that
his own bank account will be rich enough
TO meet il. There Is in this fraternity
a set of downright swindlers, whose
checks are returned with that exaspcr-
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 a second thought.
II his venture is Il 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 dono the best
you could for one whose appreciation
of your effort you value. But your en-
dorsement he regards rs "A mere form
atty. He believes in himself ard 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 q time, and perhaps
for life, by meeting the maturing obi
cations which you have endorsed and
your former friend, now your bitter
foe, is loudly proclaiming in his own
justification that you are the author Of
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. I
have had in greater or less degree sew.
eral such experiences"
1t is said on good authority that DR..
Depew lost $40, 600 last year by endors-
ing notes. He'll never do it again, he
says. IN Y. Sun.