History of the San Francisco Stock And Exchange Board By the Chairman Jos L

Cover History of the San Francisco Stock And Exchange Board By the Chairman Jos L
History of the San Francisco Stock And Exchange Board By the Chairman Jos L
Joseph King
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One day Mr. Brown, the cashier, entered our office with the remark: "What have you been doing?" "Why, what's the matter, Mr. Brown?" "Nicolson says he has cashed your checks for $130, 000, at least, today; that you have made no deposits and that you were overdrawn last night. " That was about the severest remark a banker could make, and it explained everything.
I took Mr. Brown behind the counter and approached the junior partner, who was very busy; he held up his hand for us not to inter- rupt
... him. Mr. Brown looked over his shoulder, saw three of those long deposit tags, in use thirty years ago, all filled out, the last one being footed up, and a stack of checks six inches high, all of which indicated that we were about to make a deposit in the bank.
Mr. Brown turned away and in leaving the office said: "Draw $130, 000 more. " Mr. Brown was certainly a popular cashier, [242] Stock andExdiangeBocard 107 At the heighth of the market of 1874-75-76, caused by the discovery of the great bonanza in California and Consolidated Virginia, many brokers and operators employed a personal representative at Virginia City to notify them as to new strikes and the condition of the mines generally.


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