Evansville daily journal. (Evansville, Ind.) 1863-1866, 1864-01-27


will pardon me for making few sugges-
tious to. them upon subjects of interest
to them and the National Banking sys-
tenn.
RECORD OF ORGANIZATION.
The articles of association. copies of
which have been transmitted to this of
fee, should be recorded in the minute
book, together with the proceedings of
the stockholders in the first election of
Directors, so as to clearly exhibit the
organization of the bank. In this book
should also be recorded the bylaws Of
the bank,the proceedings of the Board
in the election of officers, and all the
other proceedings of the Board of Di-.
rectors at all the regular and special
meetings. -.
The minutes should exhibit the ap-
pointment of judges of all elections of
| Directors, and the return or report of the
| judges; the installation of the Directors
elect after each annual election, and
that the proper oaths were administered
to them; the appointment of officers;
the penalty of the bonds required of
them; and that the bonds have been
filled and approved by. the Board. In
short, the minutes of the bank should
exhibit its original organization; the
proceedings that are had for the perpet-
uation of Ifs corporate existence, and
he:action of its Board of Directors in su-
/ perintending and directing its affairs
The :minutes of each meeting should
be signed by the President and attested
by the Cashier. no no f
BUSINESS.
The business Of the banks should be
carefully and promptly conducted. The
books, 1.-THE close of each day, should
exhibit the amount of cash on hand and
the exact condition of the bank. In
large banks all the books should be bal
anced daily; IN small banks, weekly or
semi-monthly; and as often as every
quarter, careful examination of their
affairs should be made by committees Of
the Directors appointed for this purpose,
and report of the result of these exam
nations entered upon the minutes. The
officers of the bank, other than the Pres
ident should be appointed to hold their
| Offices during the pleasure of the Board,
and bonds should be executed accord
ingly. This will obYiete the necessity of
requiring annual bonds from these Off
GERS, and will prevent the occurrence of
time when they will not be under
bond. Presidents being annually elected
or appointed, will of course be required
to give annual bonds; and whenever an
officer is appointed or re,appointed, a
bond should be required of him.
CONDITION OF THE COUNTRY
Bear constantly in mind, although the
loyal States appear specifically to be in
the fact That while the Government is
engaged in the suppression of a rebel
lion Of unexampled ferceness and mag
nitude, and is constantly draining the
country of its laboring and producing
population, and diverting its mechanical
industry from works of permanent value
to the construction of implements Of
warfare; while cities are crowded, and
the country is to the same extent de
pleted, and waste and extravaganza pre-
vail as they never before prevailed il
: the United States, the Nation, whatever
, may be the external indications, is no
E prospering. The war in which we are
: involved is stern necessity, and mus
i be prosecuted for the preservation of the
d Government, no matter what may be iti
. cost; but the country will unquestiona
bly, be the poorer every day 1t is continu
ed The seeming prosperity of the 10y
al States is owing mainlyf to the larg
{ expenditures of the Government and th
, redundant currency which these exper
y ditures seem to render necessary.
y Keep these facts constantly in MIND
= and manage the affairs of your respec
i i've banks with a perfect consciousness
., that the apparent prosperity of the couT
y. Try will be proved to be unreal when tn
e. war is closed, if. not before; and be prs
:. pared, by careful management of th
trust committed to you, to help to say
the nation from a financial collapse, il
:, stead of lending your influence to max
= it more certain and more severe.
DIscoKTEErs.
Let no loans be made that are not 81
cured beyond reasonable contingene,
Do nothing to encourage and foster spel
ulation. Give facilities only to legit
mate and prudent transactions. Max
= your discounts on as short time as th
business of your customers will permi
\ and insist upon the payment of all papt
y at maturity, no matter whether you nee
Z the money or not. Never renew no
: or bill merely because you may nj
> know where to place the money wit
equal advantage if the paper is paid. !
4 no other way can you properly contrc
\ your discount line, or make it at q
, times reliable.
Distribute your loans rather than col
centrate them in a few hands. Larg
a loans to a single individual or firm, a
though sometimes proper and neeessar,
\ are generally injudicious, and frequent
unsafe Large borrowers are apt
nj control the bank; and when this is Il
relation between q bank and its custor