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Smith Was In Luck

Smith Was In Luck image
Parent Issue
Day
26
Month
October
Year
1894
Copyright
Public Domain
OCR Text

A large operator and speculator of St. Louis, whose account with one friendly bank had been often teniporarily overdrawn, wanted 1 0,000 once for a certaiu deal, his balauce in bank at the time being less than $100. The cashier suggested that he should draw upou some party not too near St. Louis. Smith said he did not know whom to draw upon. "Oh, any one, "said the obliging cashier, "as long as the party is far enough away - thafc will give time to turn around. " Smith drew at sigbt for $10,000 ou the sultan of Turkey. The draft was duly forwarded by the bank, renching New York, whence it ■was sent to a London correspondent. It then canie into the hands of the Rothschilds, who forwarded it to their Constautinople branch, where it was duly presented for paynient to thfi ' sultan's chamberlain, the latter bringing it to his highness. "Who is this John Smith?" said the sultan. "Don'tknow," replied the chamberlain. "Do we owe him anything?" "No, " replied the other. "Then I'll not pay it, " replied his mightiness. "Üne moment, if I might advise, " said the astute counselor. "This draft comes through the Rothschilds, with whom we are seeking a $2, 000, 000 loan. Would it be safe, under the circumstances, to dishonor it?" "Pay it, " said the sultan, and it was paid, and no one was more astonished than John Smith of St. Louis and

Article

Subjects
Ann Arbor Argus
Old News