The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1906-06-17
TALES OF THOMAS TABB
A Diplomat Of Finance.
BY HENRY M. HYDE.

as he ushered the callers into his pri
vate office
Although we are perfectly sOunC
and are making money! Tabb conclud
ed, "our business requires a very large
investment, and it does not paw large
dividends. If l had put the same CAPT
tai and hard work into almost any other
line / should have more to show for
it,
Every well, Mr.. Tabb,' answered
the banker. IF you will call tomor-
row afternoon at this hour we shall be
i able to give you an answer -
! Hardly had Farson and Tabb left the
bank when Atkinson got John Alden on
| the telephone. ''Can you come over
right away?" Atkinson asked
One by one the three leaders of the
+ Alden 'fcrowd'' were received by At
kinson in his private office. The old
banker could not restrain chuckle as
he told the astonishing tale. "Here s
the very man you re getting ready to
fight comes in to borrow million dol
! lars and lays down a complete financial
| statement of his business on my desk. !"
| John Alden picked up the treasurer S
statement. 81 wonder what this
means, anyhow?' he asked suspicious
ly.
"Tabb told me-" Atkinson explain
ed, that he could have borrowed the
money nearer home, but he was afraid
If 1T got out that he was getting a
large loan it might stimulate competi-
ton Again the old banker chuckled
shrewdly.
Has he got any suspicion of our
plans?' asked Alden
In the first place. put in Bartlett
firmly, 'our plans haven t leaked. But
if they had, why on earth should Tabb
come down here and put his head in
the lions mouth by furnishing us with
all the details of his business?''
The three put their heads together
over the financial statement of the
Wireless
legal expenses, defending and prosecut-
ing suits for infringements, $4,000;
competition expenses, 100000. Why,
the thing fairly eats up money!"
Brewster commented, as he finished
reading. ''Net profits, 1905, 1892 !
Let's see, that's just over three per ,
cent on the total investment. Hnh!'
wonder if these figures are cor
recta'' questioned the suspicious Alden.
"Why, if we decide to make the
loan, put in Atkinson, with the eager
ness of one making bright sugges-
ton to his superiors, eve shall, of
course, send an accountant out to veri-
fly them. I don't think they'll fool
Sharpless very much
'tIt's a safe loan, all right urged
Bartlett. "Let's make it and take the
chance
When Thomas Tabb came into the
bank the next afternoon, Atkinson
looked up at him solmnly. 'EWe have
gone over your statement, Mr.. Tabb, -
he said, land on the face of the figures
we are prepared to make the loan at six
per cent?
elf you loan the money! Tabb an
swered, 81, of course, expect you to
send accountant out to our plant to
verify my figures, but L do not care to
pay more than five and half for it.
Atkinson hesitated a moment, but s
The chance to make an expert examina-
ion Of the books of the Wireless Motor
Company was worth more than $4,000.
elf our expert, Mr.. Sharpless, re- s
ports favorably Wen make the loan at i
hat rate he said finally. T
Ten Gays later Thomas Tabb got back 9
V.
New York. He called an immediate
Meeting of the executive committee.
81 got the loan of a million dollars
rom the Alden crowd, all right he t
Degan, "and, as we don t need the n
money. I took it over to New York and a
invested it in p. c. & w. six per cents
t one hundred and twenty. They IL
eft us five per cent. So the million $
7ill cost US only one-half of one per
ent, or $4,000 for the year. Now what G.
ave I accomplished Here's a report o
rom Cord: t.
81 THE deal between Larsen and the 81
.lden crowd is off. ] don t know the Il
eason, but something has happened to t.
etermine Alden and the rest of them
D have nothing to do with the wire m
,ss motor business. Larsen is threat o.
ming suit but he got nothing in writ W
lg to show and the Alden people can tt
eat him to death at swearing match. 81
I'M sorry to have misled you, but L a.
now positively that two weeks ago q
lie papers incorporating the Larsen tt
Tireless Motor Company were all Il
rawn up and only waited the final sig do
atures. IN investigating further
We simply paid $4,000 for the bl
rivilege of convincing Alden and his m
reak into the wireless motor bust ST
ess, - Thomas Tabb went on. m
80 Everybody but Larsen seems to m
ave come out all right Rixton put
/, grinning. as
81 offered him thousand dollars for ca
$ patents the old man returned, OF
ithout the shadow of an answering ev
nile. |'He should have taken it,
One of the strongest points about II
homas Tabb as a business man is the
ct that he utterly lacks sense of fr
lmor.
II. ut
Z" Mr. Tabb, = said Rixton one day, as mi
e executive committee went into ses tn
IN, ''there s trouble brewing in the
ctory The men are holding meet
gs. and if something isn't done soon
, II have a strike on our hands -
:. How long has this been going on7' lor
CHI