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Show THREE PEK CEXT; A MONTH, j ' A jiEncrtAjfr onto cama tb Mr JamtS; 0: Kiog,';bf JXtvr Yotlr, in great distrps$', to" borrow '$100,000. for a year,, sayfngi that he must have jt nnd, .that hi business busi-ness would justify him In paying Jauy 'rate of Interest; "Mr, King told him that lip. buSfness' cduld stand a premium of three i&r;cent?amonth,'but fmdli'B him hard td'conldc6o1ctji6'follauiii method; ' "Wliy'dtstonnt for n sh'brt timer said Mft'Itigi ."Wily not makoft up'ln: two' or three years? T will dlscburif yoiir note roY'$lOO,000,Mrsydu'makc It' hut'. three yesrs". - -! ! :"TIi'nnk';you,tJlr,'King: wiifrtrnwit iAtbiicc.'Jtft'very kind inyon.'dbu'tymi wo'iit collateral?? ' ' i '' Xo; sir.- MrlKlfllbrl urn'rto- hli accountnntjYt.nkebjf th'b discount at three pcr. ccnti'iimbhthon $100,000 fprHhree years, nnddratf a checker" the1 balance for Mr. D; Watt'a nionicijt, DVglvcine ybur'iiotbjrbfe lOU.OOO Thje-WrfversA-tion became genera!; :botli vi-ero seated whcn;Mri"MUIcr,-thb accountant hatided the follo.Mfitg memorandum to'MiVJjying': Kute to. itt, u', fur 100,OCO Dltcount at Ibfe'd fat ccrit, ft mqntlj. . I. tlilriy-iix, ixt eenf. per-"yr, ' "" nj for three yearn, one liumlreil ' and cigfitper eeut-l . $108,000; Bab due toTriiAe, Ward &as, S,O0& 'D., have you ft blank check, with, you?" pleasantly asked Mr. King. "A VWfc? Wlmtrnr?" "Why, Miller has handed me a stnto-: ment, and 1' find thatif wo discount or shave your note for three-years for $100,-000 $100,-000 at three per- cent a month, you will have to,pay$a000," "AVhy, this is absurd. I gave yon my nolo for SlOOjOQO and got iio cash In return, re-turn, but have to give you $8000 cash. TJah!" "Bo cool, D., nnd listen. I have-done this, purposely, to give yon a lesson 'to show you where your mercantile career wilt end, If yon submit to Such extortion. Now, jf you wil) pledge mo your word of hoiior that you 111 curtail your business and pay no rnore than seVeri' per cent; per ntmniu Interest to carry on your trade, I will tell ypu what 1 will do. Yott Want; $100,000. Draw yonr poto for that sum at ninety days, leave" with me $100,000 Of yonr heat notes receivable;, and I, will g're you the lubney lcs tho ordinary discount of seven per cent" Mr. D. was grateful. He appreciated the lesson taught by Mr. King, and he Is, at the "present moment, one of the wealthiest wealthi-est men in the city of New York. jMdtr. |