The citizen. (Frederick City, Md.) 1895-1923, 1901-11-08
HUMORS OF BANKING
FUNNY INCIDENTS RELATED BY mrn
IN THE BUSINESS.
A Farmer Who Was Glad Thu. ~
Didn't Want to Borrow For Ten T.,
stead of Five Years-A DRAFT m.
QueerIy Went Astray.

"One of the best bank stories 7 oro,
heard or read" said the assistant c.sl;o.
of the Capital National bank. "yvas ~,
lated by Governor j. Hoge Tyler Of VI.
ginia in an address of welcome mado >,
the American Bankers Association In ~,
annual convention at Richmond Ia
Oct. >, 1900. As | remember il. tbe .+or,'
went about like this: Soon after tha ,.as
when banking rates, or discount retos
were high. an old country friend in ono ~
the southwest counties, a farmer Won't
to the bank to secure a loan of 81 COO for
five years. OF course this made the mon
behind the grating open his eyes and lool,
AT him with wonder and astoui.lrnor,
and the farmer was told that tbcc oonli
not make provision for such a loan as
that unless they had the most eotisrao.
tory collateral that could be obtainel
'The old fellow asked, COLLECT whatY
"'Collateral,' the banker answered
"Well, what is thatY the farmer 81
ed.
1.-THE banker went on to describs tbo
stocks and bonds and securities that oro
meant by the term collateral. The ala
farmer said: We'll. if l had those things
l wouldn't want any money. They ore
better than money he said
"Well, said the baker. you can't GOT
the money unless you succeed In ,attin,
some of those colaterals, and then we
might discount your note
'Well, the farmer succeeded in GETTING
some collateral and in getting some Der.
sonal Endorsements, and also in getting
his own name upon the paper and bis
wife's as well, and obtained MORTGAGES
on everything he had. He came and
dumped his collateral down on the bank.
er's desk. They were satisfactory, and
the cashier made out his note for him for
$1,000 and told him to sign it. which the
farmer did. After signing the note he
passed it over. Then the cashier count.
ed him out S2S7.52. The Old farmer
CALCULATED, Come on
"'No, sir said the cashier: that is al
you can get on note of $1,000 for five
years at our present rate of discount
ibis what| said the farmer
"'Discount.' said the cashier. That is
all you can get
"What do you mean? said the
farmer.
why said the cashier. we take Of
the discount for the first four months
and the next four months. and SO on.
and then at the end OF five years your
note will only make S2S7.52'
- am glad did not ask you to lend
me that money for ten years calculated
the farmer, or you would have had me
in debt. and | would have to pay you
something for asking you to lead it to
NE.
when l was banking in Sullivan,
Ind. some years ago" said the president
of national bank, II had singular ex.
perience. | always locate my stories on
the banks of the Wabash 50 Thar people
can't tell whether | am stretching IL or
not. One day a rustic looking fellow
came into the bank AID handed me
draft on New York made out. we will
say, to John Bell. | was not exactly GER
tain that | knew the man, but his ap-
rearancc was in his favor and I cashed
the draft He could not write so ] had
him make his mark. The draft was for
warded to New York for collection and
in about week or ten days it came hack
to us with the statement that the in-
dorsement on the back was a forgery
The letter from the New York BANK that
accompanied the draft said 'ioAn Boil
the man for whom this draft was in
tended. is travelling representative for
local patent medicine house. and. while
he admits that he was in the town Il
Sullivan on the day the draft YVES cash
+ ed, he declares that he did not get The
money. Bell further says that b. can
read and write very we'll
Il sent for the farmer. whose name
was John Bell also. to come to tha BANK
continued Mr.. Wilson, and whpa ba came
] showed him the draft ana he lcter
from the New York bank and asked him
how it came about that he ca>bol that
draft. which was intended for another
man of the same name. Well hp said,
I'll tell you how it was. There was a
Teller in our npighborhood couple Of
weeks ago selling tickets in a lottery for
dollar apiece. and | bought one of chem
tickets. When | came to town t.a other
day | went to the postofiice 60 SIT wy
mail and they handed me lc-J# with
that there draft in it. Jest supposed it
was returns from my lottery tesal and
so | brought the draft to you and got the
money on it,
Il could tell by the old mans face and
manner that he was telling the truth. and
1 took his note for the amount Of the
draft, which he had spent in the mean
time, and fixed the matter up thlt way
He paid the note. too, eventually.
"When | used to work in the Meridian
National bank. which was afteward
absorbed by the Merchants, said an
other bank official Il relieved ALERT
Kopp, the paying teller, one day during
the noon hour while he went 10 lunch
! An old farmer came up to the counter
with a check for Il hundred and some odd
dollars that he had received in pay
ment for some hogs be had brought to ihe
city and sold | looked at the name OF
the payee written on the face of the
check and then at the man before me ana
said. 4 don't know you. my Friends you
will have to be identified lie CAV" '9e
an innocent stare of surprise and f'a.A,
ing into his pocket, said, How much WIN
that cost. mistcrY
"Way back in 1875. when the civil war
revenue tax was still in force, sdld
bank official. "a country deposiior came
into our bank ut Sullivan and asked NE
for some stamps. saying he eNpeelel "
have use for them pretty soon. NA0'
denomination? | asked 'NaaL he rt
piled, L am a Methodist now, hnt NY
famiy's all Baptists He had cv'd'hUE
never heard the word denomination ", y
in any connection other than religious
Indianapolis journal.
Clear Case.
Again Sherlock was equal to the 'lleI'
gency. 49,,
"Don't tell me that You are maIIleu'