Career · Entrepreneur memoirs

Edward W. Bok:The Americanization of Edward Bok, Additional Excerpt 328

Edward W. Bok《The Americanization of Edward Bok》· The Americanization of Edward Bok · Leadership

"I had no knowledge of what amount of money there might be in Chambersburg. I knew that it was a town of some twelve thousand inhabitants. The town of Frederick, in Maryland, which was a much smaller town than Chambersburg, had in June very promptly responded to my demand on it for $200,000, some of the inhabitants, who were friendly to me, expressing a regret that I had not made it $500,000. There were one or more National Banks at Chambersburg, and the town ought to have been able to raise the sum I demanded. I never heard that the refusal was based on the inability to pay such a sum, and there was no offer to pay any sum. The value of the houses destroyed by Hunter, with their contents, was fully $100,000 in gold, and at the time I made the demand the price of gold in greenbacks had very nearly reached $3.00 and was going up rapidly. Hence it was that I required the $500,000 in greenbacks, if the gold was not paid, to provide against any further depreciation of the paper money.

Source: https://www.gutenberg.org/ebooks/3538
Locator:Additional excerpt 328 · Verified:2026-10-19 · Verification:Short excerpt

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