Daily capital journal. (Salem, Oregon) 1903-1919, 1915-12-11

| Dduh, cnuckleu lue Dig man. fleube
bring me these notes." and he handed
over list, one glance at which brought
back into Qualey's countenance all the
wrinkles he had been accumulatlng
since he first began to blink his eye at
the sight Of brass button.
"Yes, sir" futtered Qualey, and TAX
ing that list into the vault of the bank,
he leaned his head for five minutes
against the cool surface Of locker 562
When he brought the familiar notes to
| Wallingford he laid them down and
crumpled up In chair like a ripped
| balloon.
Every good" remarked Wallingford,
| lighting thick, black cigar. "These
notes are all to be Cancelled and paid
today"
| .
~ don't see why we can't resign In
body and be done with It," growled the
fierce whiskered little director, who had
been out OF town and was being plung-
ed into the whir Of events without ex-
planatlon
The president, the secretary, the high
shouldered director and the fat one
with the upturned nose were each ready
to tell him.
"In that case we'd have nothing to
say about our successors" stated Presi-
dent Prime, who was quicker of speech
than the others, and his dimple deep
ened with misgiving as he glanced at
the four strangers clustered with Wal
lingford around the tick Of the grand
fathers clock. "Our resignation In
body would necessitate special stock
holders meeting for an election of Off
GERS, and since we no longer hold
majority Of stock we would have sue
cessOrs who"-he paused for choice
of words-"who would not understand
finance"
"0hp observed the fierce whiskered
director, his face lighting with pleas
ure. GAS see it we step out of office
with every piece Of commercial paper
about which there could be any posi-
bic question called in, paid in cash and
cancelled"
"All paid" corroborated Secretary
Morris, twirling endlessly at his glossy
brown mustache, He was. worried this
morning. He was about to purchase
new car, and he could not decide on
which of two makes.
"In cash." added the high shouldered
director, cracking the knuckles Of his
ten fingers In succession. The left
thumb gave him some trouble, but he
managed it.
"Finer exclaimed the belated little
director. "Where's the cash?"
"Well, as it just happens, there Is no
need to handle the actual specie since
Mr. Wallingford informs me that he Is
to MAKE specie loan of $4,000 more
than the amount collected, and his eli
ent will accept specie orders on the
amounts represented by the notes, TAX
ing the notes themselves for delivery"
The fierce whiskered director puzzled
over that until his beard began to knot
and then he slipped down into vacant
chair by the president.
LET me understand this" he whls
pered. 1--WE don't touch the cash2"
mo"
"Then Mr.. Wallingford's borrower
gives us his notes for $350,000 and
takes nothing in return|
Fifty thousand. We're not supposed
to know about this, though" the presl
dent added 1--WE have no responsible.
lty for what the new president may
do"
Certainly not" agreed the inquirlng
director happily. "What want to
know is this Do all those notes show
on the books as paid before we step
out?"
"They show it now, in cashl" And
the president, with much satisfaction,
handed him copy of the trial balance.
The bills receivable had been reduced
by $300,000 and the cash account had
been augmented by that amount.
The fierce whlskered director resum-
ed his regular seat. "I'm ready for the
meeting to OPEN" he stated.
The proceedings which followed were
brief and crisp, President Prime re
signed from his office and from the d.
rectorate. The remaining directors i'm
mediately named j. Rufus Walllngford
as director to Ill the unexplred va
cancy, in spite Of the fact that he'only
held one share of stock. Immediately
thereafter they elected ]. Rufus Wal
llngford president and at once inducted |
that genial and smiling financier into
office
"NIr. President" remarked w. o. or
Onion Jones, as soon as the door had
closed behind the last Of the retiring
directors, 81 move that we all go in the
vault and split the cash."
Meetings adjourned" chuckled Pres.
Ident Wallngford. "And let me warn
You loose jawed bankers to buy some
sticky taffy and keep right on chewing
II until you get on that two-forty train.
Sign these designations, and don't flll In |
the dates" Producing big red pocket
book, he handed them each thousand |
dollar bill and Il ticket to New York.
tall, thin gentleman, with a black
mustache, walked up to the window Of !
the paying teller In the Peoples bank
and laid down q check for $l50,000.
Currency. please" he observed.
Tba nnvfno, taIlar tvho WAC m aIdar |