The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-06-03
SHARKS.
They Lie in Wait for the Unwary I'm
Every Community

New Orleans Times-Democrat.
Some time ago. never mind when" con-
tinued the banker, "a young man who holds
a clerical position In one of the local rail-
He was being pressed for some small
debts, contracted during sickness, and
feared a suit, that would cost him his job.
So he figured out that, If he could borrow
the 500 on, say ninety days time, he could
clear off everything and pay back the loan
at maturity. / mention this to show that
he was not a mere spendthrift, but a pretty
decent sort of fellow who CHANGED to be in
hard luck. He didn't know much about the
modus operandi of borrowing, but made
out a plain promissory note, got a friend
to indorse 1t, and took 1t to a bank where
he was slightly acquainted. The official to
and passed 1t back. Sorry he said, but
we can do anything with this: we don't
care to handle such small matters The
young man was greatly disappointed. and.
out of the goodness OF his heart the bank
employe. gave hin a tip Tell you what
you might do he said. Mr.. Soandso some
times buys accommodation paper. Try him.
He has a desk at - And he wrote an
address on a card.
THE poor railroad clerk was very CRATE
full and lost no time In hunting up Mr..
Soandso. Mr.. Soandso was sitting with his
feet on his desk. smoking and c-ommunfng
with his soul. He took the extended note
gingerly. reluctantly. as one might take a
lizard. glanced at the Endorsement and
almost threw it back. Don't believe I care
for it, he said, between puffs. Isn't the
Endorsement all right?' asked the young
man,, much disheartened. oh, / s'pose so,'
replied Mr.. Soandso. carelessly; but I'm
short of cash myself to-day. Tell you what
I'll do: I'll give you SOS for it. The clerk
was astonished and a little indignant. Mr..
Soandso remained calm. Try - he
said, naming another. individual In the
same line. He may make you a better
offer. If not, I'll be here for half an hour
The clerk tried Mr.. -. and Mr.. -
looked positively shocked and grieved at
his request. Don't want IL at any price,
he said. CURLY. but you might try Smith;
he does all sorts of strange things, and
he may fix you up The clerk went to
so hard 1t made his bones ache. Then
he went back to Mr.. Soandso. prop
erly humbled. Mr.. Soandso received
him with the air Of a man who has been
trapped by his own ~thoughtless generosity.
L don't want this blamed thing he
you. Here's your money: I've charged you
81. so for rediscount.' The unfortunate clerk
was so harassed and inundated that he
didn't dare ask what 'rediscount' meant,
but took his $3.50 and hurried away. At
the maturity of the note he paid $50 and
got a ninety-day renewal on the valance.
for which he gave a new note for $40, rep
resenting the other $50 and a bonus of $50,
which he was charged for the 'accommoda-
ton So. altogether, he paid $500 for
three months use of 1880 Figure up the
interest when you have a day OF. / may
add, by the way. that Soandso. Smith and
all have phones. A borrower who
applies to one wastes his time interview
ing the others. See? That's what I meant
by a trust. Did the bank employee who
rakeof, did you ask? Oh, no! certainly not!
Heaven forbid!"