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Updated: June 26, 2025
The next day Mac went to the bankers again, and was requested by the manager to show the letter of credit on which was indorsed the ten thousand pounds he had drawn against it. Looking at the letter, the manager said: "This is singular; there is only the name of Mr. Bradshaw, the manager, on this letter; J. P. Shipp, the sub-manager's name, should be on the credit as well."
I related above how we had in some incomprehensible way omitted putting on the letter of credit the sub-manager's name. How could we have committed such a blunder? My answer is that this is only another example of the unforeseen "something" ever happening to defeat any anticipated benefit from ill-gotten gains.
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