The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1863-04-14

'RK HERALD, TUESDAY,
lNTERNATIoNAL
GRADUATING COURSE.
After passing through the initlatory course ana
giving satisfactory evidence Of thorough knowl
edge Of the principles and practice Of business,
the student is advanced to the
COUNTING ROOM,
where his proficiency is put 70 the most severe
practical test The Counting Room" il minia-
ture business world, in which are represented all
departments Of economy, and anording to the stu
dent novel and interesting glimpse Of the outer
actual and harmonious operation, the different
branches Of trade and commerce which unite
countries, states, communities and individuals in
the closest, bonds of mutual interest," and make mp
that grand system Of economy which men call
BUSINESS.
he 10 established in business az
MERCHANT,
is furnished with cash capital, which he invests
in me rehandse, purchasing the Same from an
MPoRrER OR JOINER,
and aaf.ex;rr tho .receSsarv experses of oettino
them in store He learns the peculiarties Of the
particular branch in which he is engaged-the sys-
tenn Of box and bundle marking; the styles and de-
nominations of weight and measurement, and the
customs which prevail in first class houses. He
keeps regular bank acsount-an institution Of this
kind being always in operation, and serving as the
great central financial agent Of the busy community
Of dealers-making regular daily deposits and
drawing checks as occasion may require. In the
course of business he receives other peoples
notes and issues his own, all Of which pass regu.
larly through the bank either as discounts or col
lections requiring constant vigilance upon his part,
and thorough understanding of business customs
in this direction. In the constant repetition of
buying and selling he learns to watch care
fully all the phases of the market, and to
study the theory Of gains from the prac-
tical lessons occurring under his immediate obser
walton and direction. He is also thoroughly drilled
in original entries Of all kinds, and learns to rely
upon himself. Having had sufficient practice in
this direction, he passes to the other departments
and becomes, in turn, proprietor or employee in
4 Gosx,saIoN House, FozwAspue Housz, In.
suaAxcr OFFICE, Posi- 6Tiics. fsIssaArH OrriCs,
RAIIaoAD OrfiCz, sTsA,DoAr 0ryl0a, MANurAO-
roHr, &c. In al these varied positions he is fur
nished with the most approved forms il 4 p: end
having to adopt the actual prsctice,hs seqs =
facility in their use which could be obtains
other way. From these positions he pAss1 at
~ coLIsoE BANK,
where he becomes fnancier and learns to apply
the theoretical lessons Of his course in this direc
ton. The BANK is fitted up with all the modern
conveniences, and furnished with complete Get
In
engraved bank notes and coin sufficient for the
united business of all the various houses in oper-
alton. The business at the bank at once the most
natural and effective, being the result almost entire
y of the other departments, and consisting Of such
actual transactions require all the forms and
npulations common to banks of circulation and de-
post. The student acts in turn as TELLER, Book
KEEPER CASHIER, and in fact becomes familiar with
all the entries and processes practiced In banks.
The bank is kept perpetually in operation the books
being closed only at stated periods sufficiently for
the purpose Of declaring dividends. Its import
ance in perfecting the operations in the business
| department Is not less than that of other similar
institutions In the great business world, and the
finishing touches which its multifarous duties give
70 the student are well calculated to impart de-
gree Of facility and confidence in actual business
| operations such as mere theoretical training
could accomplish.
The time necessary to accomplish the complete