HOME SOUGHT FOR HEAVY CASH STASH 上市 Deposited
The E-Sylum: Volume 7, Number 27, July 4, 2004, Article 21
HOME SOUGHT FOR HEAVY CASH STASH
This week both Reuters and the Associated Press reported
a story about "A California man who collected 1 million pennies
for a bet is having a hard time cashing in on his $10,000 fortune." Full ArticleDick Johnson forwarded an Associated Press story on the topic:
"Ron England bet his brother 30 years ago that he could save a
million pennies in exchange for a dinner in Paris. And he did,
eventually stacking up 20,000 rolls that fill 13 boxes in his garage.Now that he's moving, England wants to cash in the $10,000 in
coppers, which weigh 3.6 tons, but is having a tough time
finding someone who will take them without a price.""But his bank, Washington Mutual, is charging extra fees and
won't take all the rolls at once. The best he's found is a branch
that will take 200 rolls, or $100 per week. That's 20 months
of deposits.Tim McGarry, spokesman for Washington Mutual in Los
Angeles, said that until recently, the bank charged 10 cents a
roll for more than eight rolls. Now, each bank manager
determines how many pennies it can accept and charges
accordingly. Business rates differ."This is a very rare case,'' McGarry said. `"Some of the
practicalities are daunting - 3.6 tons is more than most vaults
can handle.""England refuses to pay extra.
"I'm stubborn,'' he said. ``If I have to haul all these pennies
to Oregon, I will, 'cause I'm not gonna pay.''"I should have saved dimes. I'd have a lot more money, and
it would weigh a lot less.''- 2004-07-04
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