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THIS IS Q & A DICTATION DONE IN TWO PARTS. PART ONE READ SLOWLY FOR ACCURACY AND PART 2 IS READ SLIGHTLY FASTER THAN THE FIRST FOR SOME SPEEDBUILDING. PLEASE READ YOUR NOTES! THANKS FOR SUPPORTING AND DON'T FORGET TO HELP ME HELP YOU BY SUBSCRIBING . PARTIAL TRANSCRIPT PROVIDED BELOW. FROM THE BOOK OF LEGAL DICATION Q: [BY THE CHAIRMAIN] Your residence? A: 625 Ferry St, Boston Q: What is your age? A: Forty-one Q: You were the builder of this bridge? A: A portion of it Q: Please describe as fully as you can, your whole connection to it, in your own words. A: It is so long ago that I don't know whether I can remember all that you would like to hear, but the contract required me to build a truss to be placed upon the east side of the bridge, and I was to furnish the floor system. That was done in the spring or early summer of 1876. Q: Go on and describe more in detail what you did. Were you in business for yourself or were you representing a company? A: I was in business for myself. Q: Go on and tell us about the bridge; where the work was done, how the work was done, the character of the bridge, the nature of its construction. etc. Perhaps you had better begin, and state , in the first place, your experience as a builder. A: My first experience in building iron bridges was with the Detroit Bridge & Iron Works, Detroit Michigan. Q: [BY MR. O'BRIEN] What year? A: I think it was 1863; and my experience has been from then until--I am not sure this bridge wasn't the last I built. Since then I have acted occasionally as a consulting engineer. Q: [BY THE CHAIRMAIN] Do you have a scientific education? A: Yes, sir, at the Lawrence Scientific School, at Cambridge. Q: Full course? A: No, sir. Partial. Q: What was your course then? A: I was there one year only. Q: What year was that? A: I'm not sure but I think it was 1862-63. From there I went to St. Louis. Q: How long were you with St. Louis Bridge & Iron Company? A: Well, I don't recollect; but several years. Q: What were you doing there? A: I designed their bridges, proportioned them, and I made some portions of the drawings. Q: Did you do that all the time you were there? A: Yes, sir. Q: Do you remember any bridges you designed at that time? A: Well, there was one drawbridge across the Mississippi River, where the C.B. & Q railroad crosses, --Clinton on one side and Fulton on the other. Q: How long did that stand? A: It is standing now, I suppose. That was at that time the longest drawbridge, I think, in the world. Some have been built longer since. There were a great many on the Illinois Central and the C.B. & Q and other words through the Western states. Q: Did you build any bridges in Massachusetts when you were with the St. Louis Bridge & Iron Works? A: No, sir. Q: Then you left the St. Louis Bridge & Iron Works at what time? A: I don't recollect the date. Q: You were there about three years, you say? A: I said several; but I don't recollect how many years it was; I could not tell even approximately. Q: What did you do after you left there? SOURCE: LEGAL DICTATION --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/sandra-clay/message Support this podcast: https://anchor.fm/sandra-clay/support
Funny, true and scary at the same time. For those who wonder why they should diversify their retirement savings plans... Quote Q: What are banks for? A: To make money. Q: For the customers? A: For the banks. Q: Why doesn’t bank advertising mention this? A: It would not be in good taste. But it is mentioned by implication in references to reserves of $249,000,000,000 or thereabouts. That is the money they have made. Q: Out of the customers? A: I suppose so. Q: They also mention Assets of $500,000,000,000 or thereabouts. Have they made that too? A: Not exactly. That is the money they use to make money. Q: I see. And they keep it in a safe somewhere? A: Not at all. They lend it to customers. Q: Then they haven’t got it? A: No. Q: Then how is it Assets? A: They maintain that it would be if they got it back. Q: But they must have some money in a safe somewhere? A: Yes, usually $500,000,000,000 or thereabouts. This is called Liabilities. Q: But if they’ve got it, how can they be liable for it? A: Because it isn’t theirs. Q: Then why do they have it? A: It has been lent to them by customers. Q: You mean customers lend banks money? A: In effect. They put money into their accounts, so it is really lent to the banks. Q: And what do the banks do with it? A: Lend it to other customers. Q: But you said that money they lent to other people was Assets? A: Yes. Q: Then Assets and Liabilities must be the same thing? A: You can’t really say that. Q: But you’ve just said it! If I put $100 into my account the bank is liable to have to pay it back, so it’s Liabilities. But they go and lend it to someone else, and he is liable to have to pay it back, so it’s Assets. It’s the same $100 isn’t it? A: Yes, but…. Q: Then it cancels out. It means, doesn’t it, that banks haven’t really any money at all? A: Theoretically…… Q: Never mind theoretically! And if they haven’t any money, where do they get their Reserves of $249,000,000,000 or thereabouts?? A: I told you. That is the money they have made. Q: How? A: Well, when they lend your $100 to someone they charge him interest. Q: How much? A: It depends on the Bank Rate. Say five and a-half percent. That’s their profit. Q: Why isn’t it my profit? Isn’t it my money? A: It’s the theory of banking practice that……… Q: When I lend them my $100 why don’t I charge them interest? A: You do. Q: You don’t say. How much? A: It depends on the Bank Rate. Say a half percent. Q: Grasping of me, rather? A: But that’s only if you’re not going to draw the money out again. Q: But of course I’m going to draw the money out again! If I hadn’t wanted to draw it out again I could have buried it in the garden! A: They wouldn’t like you to draw it out again. Q: Why not? If I keep it there you say it’s a Liability. Wouldn’t they be glad if I reduced their Liabilities by removing it? A: No. Because if you remove it they can’t lend it to anyone else. Q: But if I wanted to remove it they’d have to let me? A: Certainly. Q: But suppose they’ve already lent it to another customer? A: Then they’ll let you have some other customers money. Q: But suppose he wants his too….and they’ve already let me have it? A: You’re being purposely obtuse. Q: I think I’m being acute. What if everyone wanted their money all at once? A: It’s the theory of banking practice that they never would. Q: So what banks bank on, is not having to meet their commitments? A: I wouldn’t say that. Q: Naturally. Well, if there’s nothing else you think you can tell me….? A: Quite so. Now you can go off and open a banking account! Q: Just one last question. A: Of course. Q: Wouldn’t I do better to go off and open up a bank
Q: Then, what destroys so many churches? A: Pride filled Christians who won’t listen to Jesus.
Feb 24, 2016 #Developing Self-Confidence My wife asked me a couple of weeks ago. How can you be so confident all the time? You want to know my answer? I told her, I got it from my momma. For your sake, dear listener,let me expand that answer: I grew up in a home where my dad usually worked 2 jobs to provide for us, or worked at odd hours of the day where I didn’t see him much. And as such, I was around my mom most of the time, at least in my formative years. I gained a major portion of my confidence from her, she would say things like, I know I’m beautiful and of course people love me, can’t you see how awesome I am. Now this wasn’t said with a prideful tone. She would always have an underlying joker’s tone to it, always playful. In today’s episode I want to deliver a message around self-confidence and how true confidence can’t be faked, it is a by-product of two more important skills: unwavering self-awareness and a continuos fervor for learning #Self-awareness Q:What is it? The ability to be assess your own strengths and areas for development. Q:How do you build self-awareness? Practice. Create a list of the skills you deem most important for your role, your life, whatever you care about. Then assess yourself on each of those skills. Which are you great at, which are you terrible at, which are you somewhere in the middle? Q:Then, what do you do? Get others to assess you. You can’t ask people to go down the list like you did, you have to do it in the moment. Right after you do something that required a skill on your list, ask people how you did. For example, “What was the best/most effective thing I just did there?” “What’s one thing I could do better next time?” What you’ll find is a gap from where your self-perceptions are and where other people’s perceptions of you are like. Your goal is to decrease that gap over time. Q:What’s next? You’ll have a sense of what you are good at and what you are bad at. Now your role is to be ok with it and grow by-way of learning. #Coninuous Fervor for learning You must believe that all skills can be developed through hard work and commitment, that wherever you are now is just a starting point. Having this mindset will not only empower you: it will create a love for learning and a resilience to criticism. This last part is important, because as you learn, you will make mistakes. You will be criticised there is no way around it. Get comfortable in being corrected and questioned. If you do this, you will be less afraid of revealing to others that you’re bad at something and more willing to put in the effort to improve at it. Q:If someone tells you, that you are bad at something how do you react? Good on you if you instantly become inquisitive and ask “what could I be doing differently?”, “Who’s someone that’s great at this thing?”, “How do you think people get good at this thing?”, etc. Do you become offended by the criticism, or do you thank the person? #Closing Thoughts Self-awareness and a fervour for learning are the skills to focus on, not confidence. With a continued effort in developing those two skills, you’ll exhibit all the characteristics of a confident person and you’ll develop real confidence as you patiently become an expert in the areas where you invest your effort.