08/22/02

An elderly Native American fella wanted a loan for $500. The
banker pulled out the loan application, "What are you going
to do with the money?"

"Take jewelry to city and sell it", was the response.

"What have you got for collateral?"

"Collateral?"

"Well that's something of value that would cover the cost of
the loan.  Have you got any vehicles?"

"Yes, a 1949 Chevy pickup."

The banker shook his head, "How about livestock?"

"Yes, a horse."

"How old is it?"

"Don't know, it doesn't have any teeth."

Finally the banker decided to make the $500 loan using both
the truck and horse for collateral.

Several weeks later the old man was back in the bank.
Pulling out a roll of bills, he said, "I'm here to pay."  He
then handed the banker the money to pay his loan off.

The banker asked the man, "What are you going to do with the
rest of that money?"

"Keep it at home."

"Why don't you deposit it in my bank?"

"Deposit?"

"You put the money in our bank and we take care of it for
you.  When you want to use it you can withdraw it."

The old Indian leaned across the desk, "What you got for
collateral?"