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There's no way anyone ever used to actually carry stuff with one of those twig and hankie getups, did they?
It's called a bindle - https://en.wikipedia.org/wiki/Bindle?wprov=sfla1
That page certainly implies it was used in the real world, but it's far more common in media and there aren't any citations to support it's use.
then he would be a real clown. The stupidity to carry money around this way...
