The sun., 1901-08-11
TOLD ny BANKERS.
Fmny incidents necallsd BY Men FsI,sw.
hg . Matter-of-Faet Calling.
Fr3m fhs Indiana poiis ) ouraai

- ~ l8u1uBs
Fr5m fts Tndiara poiis yowaai.
One Of ths best bank stories I ever heard
or read said Charles l.. Farrell. assistant
cashier Of the Capital National Bank. was
related by Gov. J. Hoge Tyler OF Virginia.
In an address OF welcome made to the Amori-
can Bankers Association. In an annual con-
vention at Richmond. Va. Oct. ?. 1900. As
] remember IL. 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 coun-
ties. q farmer. went tn the bank 10 secure
a loan Of si 900 for five years. OF course.
this made the man behind the gra ting open
1iu - q hivn wi'h wonder aud
astonishment. and the farmer was told that
they could not make provision for such
loan as that unless they had the most salts
factory collateral that could be obtained.
The old fellow asked. 'Collot whats'
Collateral. the banker answered.
We'll. what is THAR the farmer asked.
The banker went on - describe the stocks
and bonds and securities that are meant by
the term collateral. The old farmer said,
Well. II had thPse things l wouldn't want
any money. They are better than money
he said.
We'll said tho banker. you can't get
some OF those collaterals. and then we might
discount your note
We'll, the farmer succeeded in getting
some collateral and in getting some per-
sonal Endorsements and also in getting 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
satisfactory and the cashier made out his
note for him for q 600 and told him to sign
It, which the farmer did. After signing tho
note he passed 1t over. Then the cashier
counted him out s2s7.52. The old farmer
CALCULATED Cone on.
mo. SIR said the cashier, that all you
can get on note Of 81. 900 for five years at
our present rate Of discount
-Dis what? said the farmer.
Discount. said the cashier; that Ia all
you can get.
What do you mean;' said the farmer
why" said the cashier. we tnke Oh tho
discount for the hrst four months and the
next four monthA and so on. and then, at
the end Of i've years your note will only
make s2s7,S3'
II 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 lend It to me-
W. W. woollen, OF the banking firm OF
woollen, Webb 4 Co.. was the hero Of an
incident that involved considerable detectiv,
acumen. One evening. In an effort to obtain
a trial balance" Mr.. woollen found. to his
dismay. that his cash was short Sl. 900. Try
as he would. he could not locate the missing
amount
The next day he Instituted a rigid inquiry
al h<p h., han In
the vain hope that he might obtain some
clue that would aid him In locating the money.
The messenger boy spoke up promptly when
he heard OF the loss and said: 4 noticed
yesterday. when you were cashing a check
for fellow that looked like he might be a
farmer. that he had man with him. and
when ns SaS counting o., eyer his ,un;ay money hs
then both OF them chuckled good deal"
With this slender clue Mr.. Woollen began
his Investigation he went carefully oye,
ami came aero ne that he believed to have
been the one In question. Going to the man
who drew the check. he asked for the resi-. .si-
Information Mr u oollen hired a buggy and
drove out into the country several miles
70 the farmers place Arrived at hls house,
said abruptly: 4 came after that thousand
dollar bill paid you by mistake the other
day" The man turned red and stammered
dollar Bill. but Mr. Woollen pressed him
so closely that he finally put his hand into
his trousers pocket and drew out the bill.
Another story In which thousan d-dolar
bill figures prominently involves citi-
zen whose sensitiveness will not permit the
use OF his name This man was acting as a
trust fund on deposit in the lndisnap polls
National Bank. < day or two before the
bank closed its doors the man received
5say oTsr ws S
and drew out the money which he held In
trust for another
When be receiyed the money. which was
coat pocket. where he carried II for several
days One day Harry c. Adams came into
biz place of business and said Have you
your need one right away. The man
reachc In his pocket. pulled out the roll OF
bills and taking of the top bill handed II
Mr. Adams when he observed that the bill
called for 100, you surely don't carry
ihousn nd dollar bills around loose in your
Il havS no thousand-dollar bili." retorted
"rd like 70 know what you call that"
-pid Mr. Adams, holding up the bill 20 as to
The scene changes TO the | ndianapoli
Benz. lie man enters carr, ing
the thousnnd-dollar bill in his hand. did
StSer 'GS ?hy he aSEed of Cashier KEN Resford
Did r. excllimcd Mr.. Rexford well |
should say | did. was short $500 and |
hayc lost hours Of sleep ever since. trying |
We'll, you can take a little rest now
answered. tho man. fer here, IS, your
for a bundr d-dollar bill the other day" |
The cashier suddenly found that he had |
business outside. and IL is said bat
boring Iefieshncnt stand. ALL ough this
part OF the story is not clearly substan-
lated
When ! was banking k A, il Spl Sullivan, Ind
dent Of the Capital National Bank. ! had a
singular "Xpertence. slwasyS i2cat" my
people cant tell whether ! am, stretching
came into the bank and handed me draft
ln, New York. made out. we viii say. to
knew the man, but his appearance was in
MS favor and, cashcd the draft lie could
not write. ~ had him make his mark Tho
ection and in about week or ton days It
,ane back 10 Us with the statement that
he inaOr 1rment on the back WAS n forgery. !
rhe letter from the New York bank that
nan for whom this draft was intended, is n
ravcl'ing r'pre-rnt ltlve for a local patent
medicine house and. while he admits that
le wn- in the town Of sullivan on the dgy
I'D not get the money Bell further says
mt he can read and write very well
4 sont Tor the tRrmer. whose name was
ohm Bcll al;ci to come to th" hrns,. con;
hnwcd him the draft and tho letter from
hr New York bank and asked him how /.
lmc about th1t he c1shei That draft
nSh Ma "'e0&sd for Go 's1,heT @ WaT T # y6
ow i was There was. rellcr in our
righ borhood n cnupl" Of w"ekS nRo selling