"I'VE SOLD THE TREASURY DRY!" 139 



"I want four millions, though I can get some 

 of it outside and our other banks will help, but 

 my chief reliance is on you." I remember how 

 worn he looked as he quietly replied : 



"We have got to give you whatever you must 

 have, but don't ask us for a dollar that you can 

 possibly help. The demands on us are simply 

 distressing." 



I am happy to recall that instead of asking him 

 for money that afternoon we left the bank a large 

 balance, perhaps half a million dollars. It was 

 well for us that day that I had cast much bread 

 upon the financial waters by my always liberal 

 treatment of loaners of money in respect to in- 

 terest paid and security given. House after 

 house called their other loans and gave all to us 

 at simple interest, although large commissions 

 were bid by strong houses for a single day's loan 

 of money. On that day, too, and thereafter 

 throughout a rapid advance of thirty-eight per 

 cent, money poured into our office. Gold loans 

 were made and kept at the market as it is called. 

 Thus, when we loaned a broker a million gold, 



