Muscatine weekly journal. [volume] (Muscatine, Iowa) 185?-1890, 1860-06-08

Cross-eramined.-I keep all the accounts
of country banks. do not keep the CORES.
pondence. We have q corresponding clerk.
who does the correspondence, though /
sometimes look at the letters. The CORES.
ponding clerk has book where he entera
all the credits to country banks, except cash
remittances, which are taken charge Of bv
the Exchange and Note teller, who enters
them on the book. Cash remittances inelude
coin and bank bills. take them off from
his book at 3 o'clock each day. only know
personally what is received there, except
from what find on these books. l know
these books are correct, for our letters all
have to balance to cent. Cannot make
entries to make them balance unless the
books are correct. Muscatine Branch oft,n
remitted short time drafts; we did not
credit these till paid; they wait on our note
books. If the Muscatine Branch charged
these time drafts when they sent them. our
books and theirs would not correspond ar
the same date. Don't know the custom of
country banks as to charging time drafts at
the date they are sent. 1t they credited us
with drafts at the date they drew on NJ.
then the books would not correspond at n
given date, for we would not charge those
drafts till we paid them. The books keen
are made up from the book of the note teller.
corresponding clerk, a book called the country
blotter, kept by the note teller. The correct.
ness of my book depends upon the correctness
of all of these. Drafts on our house. which
are paid, | get from the paying teller. Our
cash always balances. If there is an error 40
that cash does not balance, our general book
keeper takes charge of "oyer" and "shortsn
and an entry is made to make the book
balance. l am not the general book.keeDcr.
We examine our books every month, and thew
are also examined by trustees. only examine
my own books. do not know what errors
are in other books. When there ia an error.
it is entered by general BOOK keeper in his
suspen sc account. If there were error thew
would not appear on books kept by me. The
committee can come in when thew want 70. to
examine our books, but they sxsnine once .
month. The directors meet everv dsv for
discounts. The trustees examine the books
and cash every month. Have been in the
business about two years. Don't know
course pursued in other banks. t..
Re-eramined.-I made the statement mvself
l sent it to Muscatine Branch myself. Mus
catine Branch never made any complaint
about that statement, or any statement.
DoohS oaiauCo 40 q 6oticId d t0ing, lacking q
few cents. There can be no fraudulent entries
in our bank without combination among
the tellers. ,s,t avte g
Gross, examined. .-Ifa credit was abstracted.
it would not appear on our books; but at the
end of the month, when we send statement to
the correspondent, they would find it out.
do not keep the correspondence. rs n.
q CLAREScE A. LINCOLN ssoora. L reside in
New York city. am clerk for Atwood &
Co., bankers Of that city. Our house has had
dealings with Muscatine Branch. know, by
Reputation, John W. Dutton, as Cashier Of
Muscatine Branch of the State Bank of Iowa.
[Question-What moneys were in the house
Of Atwood Co., subject to the sight draft Of
4 the Mnscatine Branch, from September, 1869,
and after that?] / am the only book. keeper
the house Of Atwood 4 Co., have to keep the
books of their country correspondents.
have every reason to believe those kept by me
are correct. The memoranda have tool
from the ledgers kept by me. I cannot stat,
balance, day BY day, without rsfsrsnes d
these memoranda or the books. It 10 cur