"Henry F. Vail, President National Bank of Commerce, New York.
"Before making call I prefer you repeat your subscription."

A few moments after sending this telegram I received the following from Mr. Vail:

"I sent you telegram to-day, which from its importance I beg you will telegraph me acknowledgment of its receipt."

I replied:

"Your telegram is received, and I have asked repetition of it before making call."

The following telegraphic correspondence then occurred:

"Hon. John Sherman.

"Please enter to-day for us a subscription for ten million dollars four per cents. making, however, no announcement until we see you to-morrow.

"G. F. Baker, President First National Bank, New York.

"Hon. John Sherman.