From: Chris Berry |
Tuesday, December 23, 2008
Ringilng Bros AL RINGLING Check (1913)
Posted by Buckles at 12/23/2008 06:17:00 AM
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From: Chris Berry |
Posted by Buckles at 12/23/2008 06:17:00 AM
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2 comments:
It's very interesting to note the design concepts of these two checks as well. The first check is certainly a holdover from Victorian Design Principles, indicated by the decorative quality of the lettering and the frame of the portraits, even the portraits themselves are very Victorian, while the second check is a superb example of Art Nouveau Design, which began to incorporate stylized natural elements such as patterned plant and flower designs exactly as the Tiffany Studio in NYC was incorporating into stained glass work and other decorative designs. Very interesting!
Neil Cockerline
Minneapolis, MN
The Baraboo bank periodically loaned the Ringling brothers money to complete the wintering process and to initiate spring operations, until such time as there was a net positive cash flow. This stopped as soon [nominally 1900] as the Ringlings started to be substantial profit generators; they ceased most Baraboo bank lending, save for some personal loans.
It was the wet season of 1888 that challenged them the most and when the bank extended them credit when things appeared very bleak. As it turned out, the brothers never had to use the money that the bank loaned to them. The "we saved the Ringlings" story is pretty much bunk.
The Ringlings did borrow money in association with the preparation for the season of 1905, the year in which they acquired a half-interest in Forepaugh-Sells.
In 1893, there was a closure of a different Baraboo bank, the Baraboo Savings Bank, and not the one in question. The Ringlings delivered some bags of silver to their bank, their route causing them to be nearby and thereby making a despoist readily accomplished. Though he happened to be in Baraboo for the birth of his daughter, there's no mention of Charles Ringling [or John, as stated in another legend] playing delivery boy in the period coverage.
When the Ringlings went to buy Barnum & Bailey in 1907, credit was extremely tight. [Shades of 2008, except that the bankers formed their own "consortium" to relieve the blockage some of them had caused.] Otto noted this and stated that he was finally able to secure the necessary funding [$360,000] in New York City.
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