# 7 – Maurice Gore of The Merchants Bank – Previously Posted on Facebook

April 23, 2016

As Head Payroll Teller at The Merchants Bank, my father had several phone lines running into his ” cage ” and a team of young clerks to assist him,….because in those days, in Manhattan’s factory district,  workers received their weekly pay in cash, in an envelope.

He had a great many relationships with factory owners, because these were fashion factories and many of these owners were trying to get a handhold on an upward trajectory of sales and earnings.  And, they paid very close attention to their expenses, especially their payrolls. And, they appreciated the way he answered their payroll related questions and the express, dependable service he would give them on paydays.

The Bank had no restrictions on key personnel receiving gifts as long as they were declared and documented. I can remember, age nine, my father arriving home Christmas week evenings with gifts and a blizzard of envelopes which were dumped on the kitchen table. And all that money was saved against the day when he could start his own business.

Since my father had ongoing personal contact with these factory owners, they often used him as an information clearing house to find out if other bank customers could provide this or that for their factories. For sure they came to the right place….and lots of inter-factory connections were created..In fact, that’s how Majestic was started…doing such  a favor for a bank customer who added….Why don’t you just locate it,  sell it to me and make a little something for yourself ?

And, there were rare occasions when these businessmen contacted my father if they used up their  credit line  at the bank and were afraid  of not being able to meet a payroll. I know of more than one occasion of my father making a deposit of his own money into a customers  account so that a payroll could be met. And, I know of more than one instance where my fathers deposit wasn’t sufficient to head off the inevitable failure and Gore money went down with the ship. But, not a total loss,  because the Canal Street factory district was like a small village and these types of favors were not soon forgotten by the Dayton Dairy Cafeteria breakfast and luncheon crowd who referred to my father simply as ” Goro “..

And at the Bank, my fathers performance was equally appreciated.  He turned down promotion after promotion.  He wanted that phone in his cage so that he could maintain direct contact with the local entrepreneurs.  They knew his sights were set to be in his own business, and they knew he thought and saw things as an owner would,  ( a quality I refer to as owner’s eyes ),   and wanted to be able to reach him directly…including, to place an order for screen printing mesh after Majestic was founded.

Many years later, after I had joined Majestic and my father had died,  and Merchants Bank was still our number one Bank, I can remember the President of the Merchants Bank telling me that the day my grandfather had died my father had to rush home. It was normal procedure for the replacement teller ( who just happened to be the future President of Merchants Bank ),  to have a cash count before taking over the cash to protect himself against a shortage at closing. There were hundreds of thousands of dollars in my fathers cage. The future President told me he knew of my father’s reputation for accuracy, so he took over the cash… without a count…..and proved out to the penny at the close of business.

Take another bow Dad !

dad bank

 

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