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One Penny Can Make A World of Difference

13 Nov 2013 9:30 AM | Kelly Iannone (Administrator)
We usually don't give very much thought to a penny.  Most of us find a penny to be an annoyance.  Yet one penny makes a world of difference in a market that trades billions of dollars every day.

I spent twenty-five years on Wall Street, most in the Government Securities Market.  When I was trader, an accountant put two hundred and fifty million bonds up for bid.  All of us liked the market and we wanted to buy the bonds.  We knew we had some pretty stiff competition so four of us put our heads together.  We knew the account, we also knew they would squeeze the trade to the last penny.  When we made the bid for two hundred and fifty million we made it plus one penny.

Our competitors made a bid of 99, our bid was 99 plus one penny.  So one penny did make a work of difference.  We won the bonds.

Now you are asking yourself what does that story have to do with Rainbow and the children who need our help.  Some folks have a mind set that we consider to be wrong.  They will say, "What can I do to make difference?".  The penny should serve as a reminder that what you may consider a small act of charity can make a difference.

The range of requests we receive go from one end of the scale to the other.  It can be something as simple as a $12.00 pharmacy bill or $4,500.00 for a ramp.  Whether the bill is $12.00 or $4,500.00, the need is just as great.

So the next time you think you can't make a difference, give some thought to the penny.

Thomas V. Karaban
From Rainbow's February 1992 Newsletter
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