EL PASO 59 



In the second place, we bought no accounts 

 collectible. Literally, we were starting from the 

 ground up. It takes some time to get enough 

 money on the books to insure a steady inflow of 

 cash. 



Luckily, we had dated the first hundred dollar 

 note three months ahead. This gave us a chance 

 to get our breath, anyhow. 



The only good stroke I did in this deal was 

 shortly before this first note came due. I went to 

 the Doctor and asked him how much he would 

 take for the fifteen notes in a lump sum. He 

 agreed to take twelve hundred and fifty dollars. 

 I saw my partner and got him to borrow the 

 money, giving in return for it twenty-five fifty 

 dollar notes signed by us conjointly and due one 

 each month. By doing this I made two hundred 

 and fifty dollars for us and at the same time I cut 

 the payments in half. We could not have paid 

 the hundred dollar notes. Fifty dollars per month 

 was bad enough. 



I failed to see at that time that I was really 

 working out three-fourths of the price we were to 

 pay. My partner paid in five hundred dollars. 

 I had to do the work to pay off fifteen hundred. 



At no time after we bought the place did the 

 practice run over four hundred and fifty dollars 

 a month. One month it was only three hundred. 

 My partner was not getting much interest on his 

 five hundred dollars and he soon became dis- 

 gusted. He even suspected me of juggling the 

 accounts. 



I might have remained and fought the thing 



