New Iberia enterprise and independent observer., 1903-07-18
TRAvELlNGMAN'S ADVICE ON BONDS

A man is liable to be told things
in five minutes which many be
worth. thousands of dollars to him.
Experienced men are like chickens
in a barnyard-picking up some
thing all the time, and fiourishing
! thereby.
Now to our muttons. A leather
man related bond experience last
week which Is we'll worth repeating
y friend asked him and another
man TO 60 on his bond. The bond
seeker took it for granted that his
friends would stand by him. The
first man was willing, but the
second man jibbed. He explained
that he had not signed a bond for
ten years, and that he had decided
never to sign another, as it ment
tying up his business aud real
estate in knot. He did not fly
the coop, however, but said that if
his friend would apply to one of
the regular guarantee companies
for bond that he would share the
expense. This offer was at first
cody declined, but in few days
its appearance grew more inviting
aud eventually this desirable sug-
gestion was accepted.
Businessmen are liable from
time to time to be asked to act ad
su'eties. So easy to say yes; 81
easy to write your name so nice tn
see the smile of satisfaction on :
yolir friends face 50 pleasant IL
hear warm rhanks.
/ us., it. he huS!ir> away AMI
shame the ,lms, cold. ciamtnv
:eeiing settles all,nver ynu, a> You :,
rfi,'lzr hat you may bp called .
ap'.;l Ia make good the bond You >.
i,aN- just signed Do vuu not feel ;,
a" sure, a.,all,. readers, that thi, :,
a.! IF kindness has ctnented t!l~
heart Of your friend to you. The :.
chances are in week or so the ;,
obligation will have faded from Il
his memory, and it is not absolutely o
that if Mr.. Man falls r r
lown on his job that you may find "
yourself married to the bond, and Il
10 other company around for miles, n
except that of the creditors, who =
will make you pony up every cent il
hat you signed for. q
The theory of bond signing lies "
q the wish of men to oblige each :;
'ther, SO that they, if necessity =,
equires it, may feel justified in az
skiing for similar obligation. 90
Beautiful theory; but it does not h,
lways work in practice. There fa
re corporations whose sole busi-
less is to furnish bonds at rea- n
enable compensation. Many bust co
essnen required to give bonds are vi
ow turning to these special cor Of
orations, rather then importune IN
heir friends. 80
believe this information will wl
e appreciated by many men who M
re anxious to help those who need st,
!, but who must also remember ap
nat it is not right for them to be al
ed up with the possibility en
their own families being made th
,-suffer. Far cheaper to be one n.
two or three parties to share an m,
rpense Of $50 to 500 for a an
hId, ii necessary, for friend, O0
ither then escape present pay uncut,
ut be liable to be called upon for
rye sums Of money.
Endorsements are expensive play 80 80
'ings. Many good men have been VII
lined by them. AZ
Remember that there are COR he
1rations that furnish bonds when uas .os
'quired; one is not obliged to re- mo
lse his Endorsement, but rather to ~, -,
lggest that the bond company is boz
,plied to. I'M I'M
It Is better to help friend get wa
bond than save this trifling trou- -. ~
9 and run the risk Of ofpersoDal loss. goo
It is less difficult to refuse re- ~ 80
lest foro Endorsement ON puper Th,
hen you explain how it ties 1 tn. Tn.
'siness up, and how simple it is ban
&c. a regular corporation. to do -
q work.