The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1858-10-07
TIE PACIFIC
Commercial Advertiser.
THURSDAY. TOE !

THURSDAY. OCTOBER Z.
BANKING, as a business, is, in other countries.
30 generally established in every community OF
any size, that to speak of its advantages, to those
who have been practically acquainted with them
is quite superfuous. For some reason, a bank
has never yet had e fair test in Honolulu. The
attempt to establish one three or four years ago
can hardly be called a fair trial of the business.
The recently-established bank of Messrs. Bishop
d Co. may be considered as the first permanent
experiment of banking in Honolulu.
A well conducted bank is almost Indispensable
in any business community. In some countries,
as in portions of the United States, and especially
in Scotland, almost every person, whether he be
wealthy, in moderate circumstances or poor, en-
ploys a bank The former two classes use a bank
mainly for convenience in their business transac-
tons, as well as for safety, and the poorer as a
deposit for their earnings. In England and
France all classes do not so generally employ a
bank as in the countries named above.
In a place like Honolulu, where banking facil-
tiles have been little known, all are not aware of
the advantages offered by them. There are some
probably who have been doing business here for
years whose cash account from one years end to
another remains unbalanced, and is as much
an enigma as any Chinese puzzle. They will
ask, what is the use of our keeping a banker
SO long as we are making money? All traders.
Wholesale or retail, and persons in every kind of
business, no matter how email their transactions
may be, win on a trial find advantage in EMPLOY
ing a responsible banker. The principal reason
is, that it gives more system and CORRECTNESS To
their accounts. In a Manual on banking we find
the advantages to a business man given SO fully
that we venture to copy a few paragraphs
In the first place. by keeping a banker, your money win be
lodged in a place Of security. You have now ESQ or 6 loo NJ
perhaps sometimes goo, that you keep in your own house
you take n up into your bedroom at night, and when you 20
out on a Sunday you carry it in your pocket. Now, YOU NAV
lose this money out Of your pocket-the till may be robbed by
your servanfs-r your house may be broken open by thieves.
or your premises may take fire and the money may be burned.
But, even should you escape Loss, You cannot escape ANXIETY.
"nen you have a little more money than usual, you have fears
and sPprehensions lest some accident should occur. Now. Won
win avoid all this trouble by keeping a banker.
Another advantage is the saving Of time. When yos receive
n oney you win send it in q lump to the bank and when yun
to draw q check takes up less time than c apun ~ ous 2 ahs NOV 2
that you have to pay and perhaps sending out for change
hold bills which. when due, you have to send for pavmens : nov
you can lodge these with your banker, who viii present them
q yoa- And, When you accept bills, you win make them pay
own house Nov, in all these cases there Is q great saving Of
h and, oessdes, your bills. from being made payable at the
another advantage Of keeping a banker is. that it win be a
theutc record Of your cash transactiops. n Won MAJ : n =
take IN Jorr trade books. the bankers book win often lead 10 :
the party denies having resolved II. You cam ref1 money 8 x sna
nankers sccount- and produce your check, which Is az GOOD A
your receipts and payments, even after 4 uun,t ~ af y ne nc
elapsed and hence, disputed accounts could be readily ad,u.ted
rectifed. "'' N speony
But not only to merchants and traders il a
BANK OF use it is equally so to every class in the