The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1900-07-27
A TELEGRAPHER's MISTAKE.
The clever Scheme by which a MIL
waukee Judge stopped a nun on
Country Bank.

knVeu through lDe HlSldhe VI AEhc-
graph operator, mistake that was nor
discovered for several months Thu
bank is the Bank of Cumberland. The F,
hero was Judge Pereles. Therefore
the story is true, says the Milwaukee
Wisconsin.
II was during the panicky days
Of that memorable period In 1sat
when the bank without the run ON h.
was the exception. Cumberland is n
small town, and the Bank OF Cunlber-
land small bank. Judge Pereiss ant
several other Milwaukeenns have in1rzr-
ests AT Cumberland, and so one day kso
was not surprised to receive a message
bidding him send from 500 to $500 To
the cashier without delay. There was
excitement in the town, for there war
run on the bank.
With that calm, judicial deliberations
that has marked his career upon the
bench Judge Pereles reasoned that $500
would not go very far toward staying
run, and so he drew his check for
triple the amount, forwarded the
money by express, and then dispatched
telegram TO the cashier telling hiN
that 81 500 was on the way to help re-
lieve the pressure.
There was more excitement in Cum
berland when that message was re-
ceived than when the express wagon
tore up Second street with the box Of
gold that came from Chicago to the re-
lief of the Plankington bank. The eyes
of the populace nearly popped out OF
the populace's head when they rested
on the telegram so conspicuously past
ed on the window in front of the bank
Thus read the telegram:
Have just sent you $4,000 to help
you out If you need more wire at once.
James Madison Pereles."
1t is suspected that the sudden.
change in the direction and the remark
able increase in the velocity of the wind
on that particular day was due to the
vacuum caused by the gasp of astonish-
ment that the populace gave when ir,
saw the figures. The amount was prob
ably greater than the entire capital OF
any concern in Cumberland, and there
was the invitation to send for more To
this Milwaukee Croesus, if necessary
Tut it did the business. The run on the
bank was a thing of the past. Once
while in New York Judge Pereies told
the story and for some months the tale
of how $1,000 saved bank was the jokE
of New York banking circles.
In times of great excitement the cred
ulty of the public generally seems To
be increased in proportion as pulses
| quicken and trivial incidents go far to-
ward relieving pressure upon banks
This is n true story No. 2, with the
scene slightly shifted. Judge Perefes
still remains the hero, while the bank
Is the Merchants Exchange.
One Of the timid clients Of Nathan
Pereles & Sons became infected with
the panic germ, and insisted upon the
firm storing for him $1,000 in gold thz2
he had left with II on investment L
was n case where argument failed en-
tirely, and so with much trepidation
Judge Pereles was obliged to seek the
bank where the money was deposited
and make the demand for IS 900 in gold
There were excavations when the bank
officials learned of the demand. TheF
could not be convinced of the ciienf
tale; they were suspicious, for IL was Az
era of suspicion. Finally the money
came forth.
| Two messengers accompanied judge
Pereles, then just an ordinary lawyer,
as he walked off with the pile Of gold.
II seemed as if every eye was on that
innocent looking satchel, and it seemed
an awfully long way to the Office
Finally it was reached.
Then the Pereles brothers held a con-
sultation. There was the liability q
burglars, and it was decided to rent L
safety deposit vault and store the gold
The two.brothers posted off with the
gold between them, heading for the
Merchants Exchange bank. 1t wasn'I
very far, but the gold seemed awfuLly
heavy.
There's a run on Nunnemacher''
bank" said one as they passed across
Wisconsin street.
The statement was true. There was
an excited crowd outside the teller
window, anxious to withdraw deposits
In through the front door went tim
Pereles brothers, The late BradleI
ENhlNI Nbo AllNlN, duAl It NSlllIA LIZ
', brothers,
Hello, what have you got there,
satchel full of gold?"
YES" replied Judge Pereles. with
smile, taking up the sally.
We'll" replied Schley, this bankN
all right, with the Perees brother,
bringing gold into it,"
The statement was loud enough ~
nearly everyone to hear There was
sudden check in the rush for the teller
window. People in the crowd pauss~'
and then noticing the bag of gold dis
appear into the private Offices hess
j tated, then turned away. The $4,000 il
. gold was snugly stored away in a safet!
i deposit box, where no depositor coul
4 have got il with a crowbar.
Magistrates In England