The Brownsville daily herald. [volume] (Brownsville, Tex.) 1897-1910, 1906-08-02
TWO CENTS TO MAKE $4,000.
Samuel ByerIey Tells Hoy He Won the
Award of Panama Bonds.

New E2rk-AS a result or MS
postage stamp bid for S., 800, 600
Panama Canal bonds, Samuel
Beverley, an express clerk, who
was recently allotted that amount
by the Treasury Department, clos
ed a deal for the sale of bonds
which netted him $4,000.
Byerley's cleverness called forth
praise and congratulations from
bankers and brokers in Wall street,
who pointed out the fact that his
success was not due alone to a
lucky bid, but also to the good
judgment he displayed in the fig
ures of his bid.
He had further cause for congrat-
ulation by reason Of the fact that
his employers. realizing his ability,
raised his salary and promoted him
to another department. He has
been for years a clerk in the ac-
counting department, and when he
received a summons yesterday to
appear in the executive Offices, he
went there with considerable trepi-
dation. He was informed that his
salary had been increased and that
he was transferred to a more i'm
portant post, in the treasurer 5
department.
J. S. Bache & Co. took over the
bonds from Byerley and sold them
to Fiske &'Robinson. W. J. Woll-
man, of J. S. Bache & Co., said,
in speaking of the matter: Mr..
Byerley came to see me regarding
his bonds last Saturday, and gave
me an option on them until noon
today. We sold them to Fiske &
Robinson. "
Bankers interested in the deal
refused to make known the exact
figures of the transaction, but
there was sufficient margin to as
sure profits to the three parties
interested. In procuring Byerley s
allotment, Fiske & Robinson get
$50, 300, 900 of the Panama bonds,
or about two-thirds Of the entire
issue, they having been awarded
SIS, 900, 900 worth.
When seen last night at his home,
No. 428 Central Park west, Mr..
Byerley admitted that his original
investment of 2-cent stamp had
netted him $4,000 besides a pro-
motion, a raise of salary and a
vacation.
The treasurer called me into
his office today" said Mr.. Byerley,
and I went with some trepidation.
I was asked how long 7 had been
with the company. Five years,
l said. I suppose you identified
yourself by mentioning your en-
ployers without their knowledge,
was the next cool remark. l pro-
tested that I had net no difficulty
in maintaining my obscurity.
Well, am afraid we will have to
give you a vacatiou-from this
publicity. I thought I was fired,
until it was added: Come back on
Oct. l. Mr.. Fargo wants you with
him So my wife and I start for
Europe as soon as she can get
ready. I am ready now.
There was no one hack of me
in my bid, aud not even my family
knew I was making it until the
day I sent it in. I first learned
that I had been successful from an
exclusive dispatch to the Herald
from Washington. l called up
Secretary Shaw on the telephone
and received confirmation. Then
my real work began. l was natu-
rally very anxious at first, as I
would have been placed in a ridi-
culous position had I failed to hrd
a customer. As it turned out, I
could have sold several million more
if I had been awarded them. l
received from another bidder
tonight an offer to take over his
allotment of 500, 900. He bid
104.75. He will have troubles of
his own, as Fiske & Robinson are