ÆGLES.

Dunstan Times, Issue 755, 6 October 1876, Page 3

ÆGLES.

Ingenious, certainly. A few clays ago i, mine and plant were to be sold for debt by the sheriff in a small country town. Now, although the company had been unsuccessful in its operations, there was general confidence that the mine had a fair prospect under better management. And of course there were several probable buyers from other mining centres. But one of them had figuratively got up an hour earlier than the rest. He, like the others, had arrived with a large credit on the one branch bank the town possessed. Having ascertained that the amount of coin and notes in the bank Was some L2,00l), he presented himself at the counter on the '’ay of sale at ID o'clock punctually, and by using his letter of credit "drew it all out—notes, silver, and gold—leaving nothing behind him but copper, the amount, was, of course, much larger than he was likely to need. But when the 'Other interning buyers presented their ‘credits at the bank the manager deeply regretted that he couldn’t accommodate them With cash—he would if they wished !elegraph to head office at once, etc. But unfortunately the sale was to take place at 11 o’clock, and the term at sheriff-.’ sales is cash. That was why the man who knew his way about was walking round the township with pockets bulged out with money he didn’t need, so that no one else could comply with the conditions of sale. His shrewdness was rewarded by a purchase at bis own price. No one in the place hut himself could make a cash payment !