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When he discovered that Brownwell's notes were not made for bona fide loans, but that they were made to cover Barclay's overdrafts, he began to find the truth, and then when he found that Colonel Culpepper had lent the money back to the bank that he borrowed from Brownwell, also to save John's overdrafts, Bob Hendricks' soul burned pale with rage.
But she had a fiendish instinct which told her who were the friends we liked most to oblige: the banker, for instance, who carried our overdrafts, the leading advertiser, the chairman of the printing committee of the town council and she found ways to make them ask if we couldn't do something for Miss Bolton. She could teach school; indeed, she had a place in the Academy.
Fisher was present when Billy entered the private office and announced his readiness to supply the firm with twenty-three hundred dollars on their note of hand. The money, of course, being borrowed by the firm, went to the firm account, and was at once applied by Fisher upon one of the many Williams notes. Therefore Tom's "overdrafts" remained in statu quo; likewise the penitentiary.
But it will take time and the bank overdrafts are urgent. Mason's Bank declare that if their debt is not paid or freshly secured within a month from now, they will certainly take proceedings. I must remind you they have been exceedingly forbearing." "And the amount?" Falloden consulted his papers. "Forty thousand. The securities on which Sir Arthur obtained it are now not worth more than eight."
And the heart of Hanbridge is probably the offices of the Five Towns Banking Company, where the last trace of magic and romance is beaten out of human existence, and the meaning of life is expressed in balances, deposits, percentages, and overdrafts especially overdrafts. In a fine suite of rooms on the first floor of the bank building resides Mr.
The loss to the country through the financing was of course far greater than any manipulation of the construction could bring about. In the creating of overdrafts and the raising of loans very large sums indeed were handled.
Perchance he is married and has a baby. The time has come for him to choose whether he will go forth and put his fortune to the test "to win or lose it all" or settle down into the position of faithful legal hired man. He is getting a bit bald, he has had one or two tussles with his bank about accidental overdrafts.
"Now, another thing you got Brownwell to lend the colonel that money?" Hendricks was himself. Barclay nodded. "And you got Brownwell to sign a lot of accommodation paper there at the bank?" "Yes to cover our own overdrafts," retorted Barclay. "It was either that or bust and I preferred not to bust.
Sam Carr is letting us have fifty thousand dollars at seven per cent. No bank is going to charge like the Old Guard at Waterloo on overdrafts and advances and dictate to us besides. I'm too wise for that. I'm not in the game for my health. I see a big lump of money, and I'm after it." "I suppose we all are," Thompson reflected absently. "Certainly," Tommy responded promptly.
In banking, similarly, the absorption and amalgamation of smaller banks has been going on with startling rapidity. The personal relationship between the customer and the banker, who would grant loans and overdrafts because he knew the character and position of the borrower in each case, will no longer exist.
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