The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1915-08-14

4
snake II Ten Thousand and III Con-
tribute the Remaining Ninety"
son said he had proposed the loan to
his directors. and that they had kicked
on taking the stock as collateral. He
offered to take my paper without an
indorser IL would cover his personal
risk with my stock collateral, assign
ing Il, not to the bank, but TO him.
fell for Il like a woolly sheep. The
stock transfers were made, and
signed a note for one hundred thou
sand dollars. due In sixty days; Grier-
son explaining that two months was
the banks usual limit on accommoda-
ton paper-which Is true enough-but
giving me to understand that re-
newai and an extension OF time would
be merely matter OF routine"
Griswold was shaking his head sym
| pathetically. Il can guess the rest"
he said. "Grierson Is preparing to
swallow you whole"
HE has as good as done IT, was the
detected reply. THE note falls due
tomorrow; and, as l happened to be
uptown this afternoon, thought /
would drop In and pay the discount
and renew the paper. Grierson shot
me through the heart. He gave me a
cockand-bull story about some bank
examiners protest, and told me l
must be prepared to take up the paper
tomorrow"
"Of course you reminded him OF
his agreement"
Sure; and he sawed me of short;
said that any business man borrow
ing money on accommodation paper
knew that II was likely to be called In
on the expiration date; that an extern
sion Is really new transaction, which
the bank Is at liberty to refuse to
enter. Oh, he gave II to me cold and
cfammy, sitting back In his big chair
and staring up at me through the
smoke OF fat. black cigar while he
did it,
"And them" prompted GriswoId.
Then remembered the mother and
sister. Kenneth, and did what would
have died rather than do for myself
/ begged like a dog But I might as
well have gone outside and butted
my head against the brick wall OF the
bank"
Griswold forgot his own real.
though possibly indirect. obligation
TO Jasper Grierson.
THAT is where you made a mis-
take; you should have told him TO go
to hi with his money!" was his
acrld comment. And then: How
near can you come to lifting this note
tomorrow, Raymer?"
Near isn't the word. Possibly
might sweep the corners and gather
Z, up twelve or fifteen thousand dol
lars"
THAT will do" said the querist,
shortly. Make Il ten thousand, and
I'll contribute the remaining ninety
Raymer sprang out OF his chair as
II it's padded arms had been suddenly
turned into high-voltage electrodes.
You willf--youll do that for me
Griswold?" he said. with a queer stri-
dency In his voice that made the
word-craftsman. always on the watch
for apt SMILES. think OF a choked
chicken. But Raymer was swallow
ing hard and trying to go on. "By
Joye--it's the most generous thins
ever heard ofl--but | can't let you
do II. / haven't thing In the world
to offer you but the stock. and thai
may not be worth the paper II II
printed on II Jasper Grierson has
made up his mind TO break me-
"sit down again and let US threst
II out" said Griswold How much
OF socialist are you. Raymer?"
The young ironmaster sat down
! gasping little at the sudden wrench
ing aside OF the subject.
why. I don't know: enough 4
want every man to have q square deal
l guess"
Including the men In your shops 7
, Putting them nrst." was the promp
: correction. 1T was my fathers pol
I Icy, and Il has been mine. We have
never had any labor troubles"
"You pay fair wagesf"
I'VE DO better than that A yea
ago I introduced . modified plan o
: pront sharing"
0riswoid's eyes were lighting ri
with altruistic fires.
:. "Once In q while. Raymer, . thinl