The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1908-01-18

But, of course, Frank, forty-foul
thousand dollars is an awful lot OF
money. Naturally I can't deny that
\ necklace of pearls so perfectly
matched would make me very happy
We'll take it," said Mr.. Frank J.
/. Mackay, who is a very rich man and
very proud Of his wife, who is beau
tiful woman.
The salesman beamed. A $44, 900 or
der; decidedly that was not bad. The
millionaire customers next words
caused him to do some heavy and
quick thinking.
an give you $4,000 cash for the
necklace" he said.
Now this salesman was really an i'm
portant confidential representative of
the jewelry firm OF Alfred H. Smith
& Co., Of New York and Chicago,
holding discretionary powers. Having
that $4,000 pearl necklace On his
mind, he had put 1t in his pocket and
called on Mr.. and Mrs. Mackay at the
Auditorium Annex hotel, in Chicago,
where the millionaire and his wife
were stopping In March, 1906-with
the result just described.
The hard and quick thinking of Mr..
Moore, of Alfred III. Smith & Co,
brought him to conclusion, which he
stated as follows:
''PH tell you what we'll do, Mr..
Mackay. We know that this necklace
can't be matched anywhere at the
price / have named. Well accept your
$4,000, and III deliver the necklace
to you now with this understanding:
That you agree to pay the balance of
$14. 200 at any time between Nov. 1,
1906, and March I, 1907, should you
wish to retain it. If, on or before
March 1, 1907, you return the neck
lace to us intact, as delivered, we
agree to furnish another necklace sat
isfactory to you at the price of S30.-
600, which will settle our account; IL
we fail to satisfy you with another
necklace, We will return the amount
you now pay-$50, 000."
''All right" said Mr.. Mackay
And then and there the memoran-s
dun OF this agreement was drawn up
and signed, Mr.. Mackay gave his
check for $4,000. and Mr.. Moore de
livered the necklace. Here is the text
Of the agreement:
In consideration of Alfred II. Smith
e Co. having delivered TO f. J. Mac
kay, one pearl necklace as agreed up
on for the sum OF $4,000, said T. J.
RldCkdys dS1IScS W pay AAlIcU n.
Smith & Co. the sum OF $4,000 be-
yond the sum already paid, at any
time between Nov. 1, 1906. and March
]. 1907. should he decide to retain
the above necklace intact, as deliv-
erd.
If said F. J. Mackay decides not to
retain said necklace within the time
Alfred H. Smith & Co. asks the pay
ment of the said $4,000, they are to
furnish him a necklace at the price OF
$4,000, already paid, which necklace
Is to be satisfactory to Mrs. Mackay
and to himself, delivered at any time
between Nov. 1 and March 1, 1907.
In the event OF Alfred H. Smith &
Co. not being able to furnish this $780,
600 necklace. said Mackay Is to return
said necklace as above stated, and
Alfred H. Smith & Co. are to pay him
the amount already paid. 100000. The
above agreement depending upon the
good will of Mr.. Mackay not to ask
the impossible.
ALFRED H. SMITH & CO.,
Per Charles Moore.
F. J. NDACKAY.
March 80, 1906.
Thus ended the first chapter Of this
romance of a necklace of pearls which
1t now appears that nobody owns.
'It's not ours" declare Alfred H.
Smith & Co. I'VE sold and delivered
1t to Mr.. Mackay, and he owes US a
balance of S14 1000 on it,
'It's not ours" says Mr.. Mackay.
speaking for himself and his wife.
I'VE returned 1t according to agree
ment, and Alfred H. Smith & Co. owe
us the $4,000 we paid"
And now the courts estimate that
the judgment Of Solomon necessary to
determine the ownership of the neck
lace will require at least two years
elaboration.
- But first there are other chapters
of the necklace romance to be told.
Mrs. Frank ]. Mackay is one of The
most popular Americans who ever
found the life in England more attrac-
tive than in her own land. The reas-
ons for this popularity are several.
First. she is beautiful. She has won
derful grace of manner and a wit that
has no sting of i'll nature. Her brown