The Banker and the Brass Brick
An unnamed Aberdeen financier fell for the classic 'antique gold' swindle, paying $5,000 for a metal bar that turned out to be mere brass.
The story, cleaned up
A cleaned-up reading of the newspaper page: spelling and layout repaired, one story lifted off a crowded page. It follows the original closely but it is not a transcription. The original page is below; read it if a detail matters.
It is rather a wild story, with some earmarks of truth about it, that was printed in Monday's Oregonian about an 'Aberdeen banker.' So far we have been unable to get any of the bankers to 'fess up.' The story runs as follows: Several days ago a stranger called at the bank, and producing a bar of metal, apparently gold, stated that he had secured it from an Indian and wished to dispose of it. He had no idea of its value and wanted the banker's idea on that point. The financier chipped off a piece and had it assayed. 'Worth $35,000,' was the report made. Then the banker decided to do a little shrewd piece of business. He offered the fellow $5,000 for his brick, and after some hesitation the sum was accepted and the stranger departed, leaving the banker overwhelmed with satisfaction at his little streak of fine financiering. The brick was sent to a broker to be disposed of, and a few days later the banker received notification that he was the possessor of a first-class sample of brass. Now he wants to punish the fellow who 'worked' him.
“The financier chipped off a piece and had it assayed. 'Worth $35,000,' was the report made. Then the banker decided to do a little shrewd piece of business.”
While this historical confidence game seems comical, it speaks to the era's frantic 'get-rich-quick' culture during Aberdeen's early boom years. Today, digital scams have replaced the physical 'gold brick,' but the human desire to beat the market remains a vulnerability for even the most established business people.
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