without writer’s cramp. The rubber stamp
was Miller’s official signature. Then with
a mighty roar the torrent burst into a deluge.
The Floyd Street quarters were besieged by a clamoring
multitude fighting to see which of them could give
up his money first, and there had to be a special
delivery for Miller’s mail. He rented the
whole house and hired fifty clerks. You could
deposit your money almost anywhere, from the parlor
to the pantry, the clothes closet or the bath-room.
Fridays the public stormed the house
en masse,
since the money must be deposited
on that day
to draw interest for the following week. The
crush was so enormous that the stoop broke down.
Imagine it! In quiet Brooklyn! People struggling
to get up the steps to cram their money into Miller’s
pockets! There he sat, behind a desk, at the
top of the stoop, solemnly taking the money thrown
down before him and handing out little pink and green
stamped receipts in exchange. There was no place
to put the money, so it was shoved on to the floor
behind him. Friday afternoons Miller and his clerks
waded through it, knee high. There was no pretense
of bookkeeping. Simply in self-defense Miller
issued in October a pronunciamento that he could not
in justice to his business, consent to receive less
than fifty dollars at one time. Theoretically,
there was no reason why the thing should not have gone
on practically forever, Miller and everybody else becoming
richer and richer. So long as the golden stream
swelled five times each year everybody would be happy.
How could anybody fail to be happy who saw so much
money lying around loose everywhere?
[Illustration: One of Miller’s Franklin
Syndicate Receipts.]
But the business had increased to such an extent that
Miller began to distrust his own capacity to handle
it. He therefore secured a partner in the person
of one Edward Schlessinger, and with him went to Charlestown,
Mass., for the purpose of opening another office, in
charge of which they placed a man named Louis Powers.
History repeated itself. Powers shipped the deposits
to Miller every day or two by express. Was there
ever such a plethora of easy money?
But Schlessinger was no Miller. He decided that
he must have a third of the profits (Heaven knows
how they computed them!) and have them, moreover,
each day in cash. Hence there was a daily
accounting, part of the receipts being laid aside
to pay off interest checks and interest, and the balance
divided. Schlessinger carried his off in a bag;
Miller took the rest, cash, money orders and checks,
and deposited it in a real bank. How the money
poured in may be realized from the fact that the excess
of receipts over disbursements for the month ending
November 16th was four hundred and thirty thousand
dollars.