Debt and Credit Anecdotes (Post NO.2870)

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Compiled by London swaminathan

 

Date: 5 June 2016

 

Post No. 2870

 

Time uploaded in London :–  10-47 AM

 

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1.Boy and the Revenue Officer

Those who believe in strictly cash business have as their shining example the small son of a mountaineer, who was accosted by a revenuer.

“Where is your pappy?”, asked the officer.

“Pappy is up at the still”.

“Where is your mother?”

“She is up at the still too”.

“I will give you a dollar”, said the officer,” if you will take me up there”.

“All right”, said the boy, “give me the dollar”.

“I will give it to you when we get back”, said the officer.

“No sir, mister, give it to me now”, insisted the boy. “You aren’t coming back “.

 

Xxx

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2.Right Time to return your Loan!

The train came to a sudden stop. People started to look out of the window and then, hurriedly dropped back into their seats as they saw that the cause of the stop was a hold up.

The robbers came through the train ruthlessly stripping the money, jewels and valuables from the passengers.

One man seemed to become more and more nervous as the bandits approached the seat where he sat with his friend. Finally drawing a ten dollar bill from his pocket he leaned toward his friend and said, “Here Jerry. Here is ten dollars I owe you”.

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3.Who will have sleepless nights?

Charles Fox, the English statesman, once received a severe reprehension from his father who asked him how it was possible for him to sleep, or enjoy any of the comforts of life, when he thought about the immense sums he owed.

“Your lordship need not be in the least surprised”, answered Charles

“Your astonishment ought to be how my creditors can sleep”.

 

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4.Interest

Richard Brinsley Sheridan, the playwright, wit and spendthrift, being dunned by a tailor to pay at least the interest on his bill, answered

“It is not my interest to pay the principal, nor my principle to pay the interest”.

 

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we are closing

 

5.Collection Technique!

A new technique of collection was practised by the man who called up his debtor and demanded payment of a long outstanding account.

I can’t give it to you now, was the answer, as usual.

Give it to me now, replied his ingenious creditor, or I will tell all your other creditors you have paid me.

 

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6.Closing down threat!

A Canadian butcher, many of whose customers’ accounts were in bad standing, put a sign in his window

This business will soon close because of bad debts. Names and amounts will be posted here.

The business is now thriving.

Xxxx

7.Benjamin Franklin’s Advice

Benjamin Franklin, noted for so many different things, was also known as one of the best money raisers of his generation. He set forth his principles on this subject thus

First, call upon those whom you know will give something .

Next apply to those you are uncertain whether they will give or not, and finally to those you are sure will give nothing, for in some of these you may be mistaken.

Xxx Subham xxx