Do not throw it away because it might become valuable one day

AFTER MY DAD’S father died, his mother remarried Isaac, a merchant, who lived and worked in Port Elizabeth (South Africa).

In his holidays, both school and then later university, Dad, whose father had owned a general store (in Tulbagh, South Africa), helped his stepfather in his shop in Port Elizabeth. Once again, he was in an environment where he was acquiring first-hand experience of the workings of commerce, one of the foundations on which the study of economics is based. By all accounts, including the fact that Isaac could afford regular holidays in Europe, the business prospered. Dad told me that during his vacations, he used to help Isaac compile annual inventories of his stock.

The shop owned by my father’s father in Tulbagh

One day, Dad came across many large glass bottles filled with boiled sweets that had become unsaleable because the candies had fused together to form huge masses. My father asked Isaac whether these bottles should be thrown out. He was told that they were to be retained. A few years later, WW2 broke out and there was a shortage of glass. Isaac sold the bottles filled with inedible sweets because the glass, now valuable, could be sold (for recycling) during the glass ‘famine’.

Was it experiences in his father’s and stepfather’s shops that might have led him to eventually become a professor of economics, and helped him to understand the concept of futures markets? I wonder.

A slice of lemon

TU 5 Genuine old Dutch architecture BLOG

 

MY FATHER WAS BORN in Cape Town in South Africa.  His childhood was spent in the small town of Tulbagh not far from Cape Town.  His father had a general store in Tulbagh. The family lived across the yard behind the shop in a house on Church Street.

In 1969, Tulbagh suffered a devastating earthquake.  The town’s authorities decided to rebuild the houses in Church Street to make them resemble the original appearance of the sort of houses that Dutch settlers built when they first arrived in the Cape.

Some years after the earthquake,  my father paid a visit to Tulbagh. He said that his former home in Church Street in neither resembled the place where his family had lived nor had ever looked like it did after its ‘restoration’ following the earthquake. In addition,  he felt that the town looked far smaller than it did when he was a child.

In 2003, I visited Tulbagh with my wife and daughter. We stayed in a bed and  breakfast in one of the picturesque houses on the restored Church Street,  a few doors away from my father’s childhood home.

We visited the house where my father once lived. It was another bed an  breakfast. Had I known it was, I would have booked a room there. The landlady showed us around. She had no idea that her back garden had been part of the yard behind my grandfather’s shop on the next street.

There was a lemon tree laden with lemons growing in the back garden of my father’s former home. We asked our host if we could pick a couple of lemons, one for my father and the other for his only surviving sibling, my aunt Elsa. She agreed.

Before leaving South Africa, wr managed to buy an official school tie as used in Tulbagh High School,  where my father studied (in Afrikaans, rather than his mother tongue English) until he entered Cape Town University.

In 2003, it was  12 years since the official ending of apartheid laws. These laws included prohibition of inter-racial intimate relationships. We expected that by 2003 we would have seen, if not many at least a noticeable noticeable number of mixed-race couples. I think that in the one and a half months we spent in South Africa we saw only three. The members of two of the couples were not born in South Africa. It was only in Tulbagh that we met a young ‘white’ Afrikaner with his arm around a ‘black’ African girl. They were both studying at Tulbagh High School.

When we returned to Cape Town, we gave Elsa the lemon that had been growing in the back garden of her childhood home in Tulbagh. She showed little interest in it and put aside.

A day or so later, Elsa was preparing gin and tonic for us at sunset. She need a lemon. Her eyes fell on the lemon that we had brought from Tulbagh. She seized it, and cut slices of it to drop into our drinks. So much for sentimentality!

As for the High School tie, we presented that to my father when we got back to London. He thanked us, then said:

“ I don’t need that. I left the school long ago.”