The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-11-29
BANKERS TALES.
A HAYSEED AND A CASHIER FIND
EACH OTHER ASTONISHING.

| nomination Is to Methodist.
From the Indianapolis Journal.
zone of the best band stories ever
heard or read" said Charles l.. Farrell
assistant cahsier of the Capital Ma
tional Bank, was related by Gov. j
Hoge Tyler, of Virginia, in an address
! of welcome made to the American
Bankers Association in an annual con-
vention at Richmond, Va, October 2
1900. AS 1 remember it, the story went
about like this: Soon after the war,
when banking rates, or discount rates,
were high. an old country friend in
one of the southwest counties, a
farmer, went to the bank to secure a
loan of $1,000 for five years. OF course
this made the man behind the grating
open his eyes and look at him with
wonder and establishment, and the
farmer was told that they could not
make provision for such a loan as that
unless he had the most satisfactory
collateral that could be obtained.
THE old fellow asked. 'Collot what p
Collateral the banker answered.
Well, what is that?' the farmer
asked.
Better Than Money.
The banker went on to describe the
stocks and bonds and securities that
are meant by the term collateral. The
old farmer said: Well. if l had those
things / wouldn't want any money.
They are better than money he said.
Well said the banker you can't
get the money unless you succeed in
getting some of those collaterals, and
then we might discount your note
Well, the farmer gucceeded in get
ting some collateral and in getting SOME
personal Endorsements, and also in get
ting his own name upon the paper,
and his wife's as well, and obtained
mortgages on everything he had. He
came and dumped his collateral down
on the bankers desk. They were salts
factory. and the cashier made out his
note for him for 81 ZOO and told him to
sign it, which the famer did. After
signing the note he passed it over.
Then the cahsier counted him out
S2S7.52. The old farmer calculated,
Come on
Discount Meant Nothing.
No, sir said the cashier, that is
all you can get on note of $1,000 for
five years at our present rate of dis
count
Dis 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
off 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.
II am glad l did not ask you to
| lend me that money for ten years,
at Lot h. 60 I 4
| have had me in debt and I would have
to pay you something for asking you
| to lend it to me-
w. W. Woollen, of the banking firm
of Woollen, Webb & Co, was the hero
| of an incident that involved consider
| able detective acumen. One evening in
! an effort to obtain trial balance -
| Mr.. Woollen found, to his dismay, that
his cash was short 81 ,0O0 Try as he
would, he could not locate the missing
| amount.
The next day he instituted a rigid in
| quiry among the other persons about
the bank in the vain hope that he
| might obtain some clew that would
aid him in locating the money. The
| messenger boy spoke up promptly when
| he heard of the loss and said: 81
| noticed yesterday, when you We're cash
| ing check for a fellow that looked
| like he might be a farmer, that he had
| a man with him, and when he was
| counting over his money he chuckled
and nudged his companion and then
both of them chuckled a good deal"
A slender CIew.
| With this slender CIew Mr. Woollen
began his investigation. He went care
fully over the checks he had cashed
the previous day and came across one
that he believed to have been the one
| in question. Going to the man who
| drew the check, he asked for the resi-
| dence of the payee. When he secured
this information, Mr.: Woollen hired
buggy and drove out into the country
several miles to the farmers place
| Arrived at his house, Mr.. Woollen ap.
| preached the farmer and said abrupt.
| ly: II came after that thousand dollar
bill I paid you by mistake the Other
day. The man turned red and STAN.
| mered something about not having any
! thousand-d dollar bill, but Mr. Wooller
| pressed him so closely that he finally
put his hand into his trousers poke
| and drew out the bill.
Another story in which a thousand
| dollar bill figures prominently involve.
| citizen whose sensitiveness will no
permit the use of his name This man
| was acting as a trustee during thu
panic of 1898 and had the trust funC
on deposit in the Indianapolis Nationa
| Bank. A day or two before the banl
closed its doors the man received
| warning that the institution was doom
ed. He accordingly FASTENED over t.
the bank and drew out the none,
which he held in trust for another.
Both Surprised.
When he received the money. which
was in bills, he rolled it up and placed
| it in his coat pocket where he carried
1t for several days. One day Harry C
Adams came into his place of bushes.
and said: Have you such a things a,
a hundred dollar bill about you? l neec
one right away" The man reached IL
his pocket, pulled out the roll of bills
and, taking off the top bill, handed i
to Mr.. Adams. Great heavens!" ejac
ulated Mr.. Adams when he observed
that the bill called for $1,000. 'yot
surely don't carry thousand dollar bill,
around loose in your coat pocket, do
you?"
Il have no thousand-dollar bill" re-
torted the man.
I'D like to know what you call that.
said Mr.. Adams holding up the bill
so as to show plainly the figures .O0
on its face.
Carried IL Back.
The scene changes to the Indiana,
polls National Bank. The man enters
carrying the thousand-dollar bill in hi
hand. Did you find any shortage il
your cash the other day." he asked O.
Cashier Rexford.
Did II" exclaimed Mr. Rexford