Random Reminiscences of Men and Events: Chapter II – A NIMBLE BORROWER

Speaking of borrowing at the banks reminds me of one of the most strenuous financial efforts I ever made. We had to raise the money to accept an offer for a large business. It required many hundreds of thousands of dollars—and in cash—securities would not answer.

John D. Rockefeller

Random Reminiscences of Men and Events

Random Reminiscences of Men and Events, by John D. Rockefeller is part of the HackerNoon Books Series. You can jump to any chapter in this book here. Chapter II : A NIMBLE BORROWER

Chapter II. A NIMBLE BORROWER

Speaking of borrowing at the banks reminds me of one of the most strenuous financial efforts I ever made. We had to raise the money to accept an offer for a large business. It required many hundreds of thousands of dollars—and in cash—securities would not answer.

I received the message at about noon and had to get off on the three-o’clock train. I drove from bank to bank, asking each president or cashier, whomever I could find first, to get ready for me all the funds he could possibly lay hands on. I told them I would be back to get the money later. I rounded up all of our banks in the city, and made a second journey to get the money, and kept going until I secured the necessary amount. With this I was off on the three-o’clock train, and closed the transaction.

In these early days I was a good deal of a traveller, visiting our plants, making new connections, seeing people, arranging plans to extend our business—and it often called for very rapid work.

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John D. Rockefeller. (2005). Random Reminiscences of Men and Events. Urbana, Illinois: Project Gutenberg. Retrieved September 2022 from https://www.gutenberg.org/files/65377/65377-h/65377-h.htm

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Random Reminiscences of Men and Events: Chapter II – A NIMBLE BORROWER
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