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Thus by April 6, 1917, Great Britain had overdrawn her account with J.P. Morgan to the extent of $400,000,000 and had no cash available with which to meet this overdraft. This obligation had been incurred in the purchase of supplies, both for Great Britain and the allied governments; and securities, largely British owned stocks and bonds, had been deposited to protect the bankers.
Also stations are of all sizes, and the man who is considered quite a big squatter in the settled districts is thought small potatoes by the magnate "out back," who shears a hundred and fifty thousand sheep, and has an overdraft like the National Debt.
"But I suppose the bank would have allowed an overdraft." "There couldn't be any overdraft. That four thousand is all the cash we've got in the world. Dad's supposed to be rich, but he isn't. We have only a little fruit ranch in Southern California. We've been saving up for ten years for this trip around the world, since mother died.
'I'd like to see the man that could mak me believe he'd gien me security for his overdraft when he hadna, interrupted his companion satirically. 'I think I hae heard o' the thing haein' been accomplished, natheless, returned the Minister with a twinkle in his eye. 'Man! acknowledged the banker with a smile, 'but ye're gleg.
"When they refused to help us, it was, of course, obvious that they guessed how things were." "Quite right, quite right!" the young man interrupted feverishly. "They would have stuck to it against the overdraft. How much have we got in the safe?" "This afternoon," Laverick continued, "I changed all our cheques. You can count the proceeds for yourself. There are, I think, eleven hundred pounds.
Psmith sauntered to the door and pushed it open in a gingerly manner. As he did so a bellow rang through the office, causing a timid customer, who had come in to arrange about an overdraft, to lose his nerve completely and postpone his business till the following afternoon. Psmith looked up.
As for the particular check of sixty thousand dollars yes, he had seen it before. It had come into the bank on October 10th along with other collateral to offset an overdraft on the part of Cowperwood & Co. It was placed to the credit of Cowperwood & Co. on the books of the bank, and the bank secured the cash through the clearing-house.
Spencer's bank had called up and he had made good a considerable overdraft. He laid the cause of his discontent to Graham, finally. The boy had good stuff in him. He was not going to allow Natalie to spoil him, or to withdraw him into that little realm of detachment in which she lived. Natalie did not need him, and had not, either as a lover or a husband, for years. But the boy did.
The only thing that caused him any uneasiness was an overdraft at his bank due to cover which he had to pay on shares purchased for him by a circularizing bucket-shop keeper. It had seemed so simple to write Messrs. Shark & Co., or whatever alias the philanthropic financier assumed, a check for a couple of hundred pounds, and receive Messrs.
It was all very confused and confusing, and there were inexplicable incidents, a heavy overdraft at the bank for example, but this was Sir Godfrey's fault, she explained. "He never would help me with any of this business," she said. "I've had to add sometimes for HOURS. But, of course, you are a man, and when you've looked through it all, I know you'll understand."
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