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Updated: June 23, 2025
Here was a little scrub of a bookseller putting the essence of the art and mystery of bill-discounting in these few words. "That will do, Barbet," said Lousteau. "Can you tell us of a bill-broker that will look at us?" "There is Daddy Chaboisseau, on the Quai Saint-Michel, you know. He tided Fendant over his last monthly settlement.
It was certain that the bill-broker, being supposed to understand bills well, would be asked by the lenders to evince his reliance on the bills he offered by giving a guarantee for them.
Her own uncle, the venerable Ben Solomons, with a beard as long as a cashmere goat's, and a reputation for learning and piety which still lives in his nation, quarrelled with his son Moses, the red-haired diamond-merchant of Trebizond, and his son Simeon, the bald bill-broker of Bagdad, each putting in a claim for their cousin.
"This is not discounting; I am paying myself for a sale," said the old man. Etienne and Lucien were still laughing at Chaboisseau, without understanding him, when they reached Dauriat's shop, and Etienne asked Gabusson to give them the name of a bill-broker. The friends took a cab by the hour, and went to the address.
Here was a little scrub of a bookseller putting the essence of the art and mystery of bill-discounting in these few words. "That will do, Barbet," said Lousteau. "Can you tell us of a bill-broker that will look at us?" "There is Daddy Chaboisseau, on the Quai Saint-Michel, you know. He tided Fendant over his last monthly settlement.
But though you are knowing in arithmetic, you strike me as a muff in other matters; and I advise you to hide the girl safely, for if she is found she will be clapped into Sainte-Pelagie the very next day. And they are looking for her." "Shall it not be possible to get holt of de bills?" said the incorrigible bill-broker. "The bailiffs have got them but it is impossible.
No reference is made in it to the credit of the bill-broker; the bills being discounted 'without recourse' to him are as good if taken from a pauper as if taken from a millionaire. The lender exercises his own judgment on the goodness of the bill. But in modern bill-broking the credit of the bill-broker is a vital element.
No one can be a good bill-broker who has not learnt the great mercantile tradition of what is called 'the standing of parties' and who does not watch personally and incessantly the inevitable changes which from hour to hour impair the truth of that tradition. The credit' of a personthat is, the reliance which may be placed on his pecuniary fidelityis a different thing from his property.
"Why, father," said Robert, "what are you afraid of? If the bill is irregular I can but return the money. It is in the house." "The best way will be for Mr. Robert Penfold to go at once with me to the bill-broker; he lives but a few doors off. And you, sir, must stay here and be responsible for the funds, till we return."
The reserves of the bankers so deposited with the bill-broker form a most profitable part of his business; they are on the whole of very large amount, and at all times, except those of panic, may well be depended upon. The bankers are pretty sure to keep them there, just because they must keep a reserve, and they consider it one of the best places in which to keep it.
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