Miles Grendall

Son of Lord Alfred

Chapter X
In the game of cards played with Fisker, the different IOUs being passed around are labelled with their owner’s initial. Miles Grendall ’s are “peculiarly plentiful and very unattractive on these commercial occasions” (84). When Mr. Fisker wins 600 pounds worth of IOUs from Felix, Felix needs his own debtors to pay, since he had gambled with the others’ IOUs. The others argue that Felix should pay up because they were not expecting to have their IOUs “brought up in this way” (84). #IOUs “He [ Paul Montague ] had only lately come among them, had as yet had no dealing in I.O.U.’s, and was the last man in the company who ought to be made responsible for the impecuniosity of Miles Grendall” (86). #IOUs

Chapter XXIV
IOUs are non-transferrable. When Miles Grendall starts winning card games because he is cheating, Paul Montaguehands over “ready money” to him. Felix asks Paul to take some of his IOUs and for Paul to give Felix the money so that Felix is benefiting by getting the “ready money” and Miles just wins his own IOUs back. However, Miles declares that his IOUs can’t be transferred to others, and the rest of the players agree with Miles because they say it’s unfair that Felix should benefit when they all have Miles’s IOUs and could trade them with Paul (200-201). #IOUs