Fayette County herald. [volume] (Washington [Washington Court House], Fayette County, O. [Ohio]) 1860-1???, 1869-01-14
THE FIRST National Bank.

ff NF n r.
In another eoi6mn Will be found the report
Of this bank for the quarter ending with Janu'
ary I'd. AZ will be seen on perusal, It's de-
poslts Al thRtdat we're $993, 100 %. The large
ness thereof may astohish manys but when II
is understood that It's list Of depositors mum.
bers upward Of four hundred, II will doubtless
diSpel any surprise which may be felt In refer
ence theretoi and as our citizens learn more
Of the advantages Of keeping bank account,
tho deposits will proportionatcg Increase
As our people become more fully convinced
Of the safety of their money (Which Is well TO
study in these days Of frequent burglaries)f
when deposited in bank, and that II can be
had when and as they desire II, they will the
better appreciate the advantages to be derived
therefrom. The deposits Of two customers Of
the bank, during the past year, have aggrega-
ted upward Of six hundred and hve thousand
dollars; the depOsite OF one, dealer in cattle,
hogs, &c, being SS7e OTB, ,Ssi that Of the other,
a mercantile house being $226 17sS7 As be-
tween debtor and creditor bank account
will be found a most excellent method Of set
Element A bank check or draft will dispel
the mist in which may be enshrouded many a
knOtty and perplexing item OF indebtedness or
expenditure and should dispute arise between
payor and payee as to payment and receipt,
a check or draft (proof OF issuance being al
ways accessible) will settle the dificulty.-
The patronage of depositors is graciously re-
ceived by bankers provided they do not neces.
state watchfulness to prevent their over
drawing their account. Should they persist
emily endeavor to do so, they are generally
given to Understand, by intimation or other
wise that their favors can be dispensed with,
Mr.. LefeYre's illustration of the theory of
banking, toacustomer whose account was fire.
quently overdrawn, is concise and pointed,
Watching the customer, he caught him one
day at the counter, and said to him 6 eMr.
y, you and must understand one another
something better than we now seem to. am
afraid you don't know what banking really Isl
give me leave to tell you. It's my business to
take care OF your money, but l find you are
always taking care of mine Now, that is not
banking Mr. W itInust be the other way
I'm the banker, not you. You understand me
now, Mr.. y; I'm sure you do" If there
are any Of, this class Of customers hercabout,
we hope they will properly appreciate the III
lustrationg u
The loans ofthe bank, at date above referred
to, were S2s4, ,76O7a. The number of distinct
or separate loans made during the year were
433, varying in amount from $40 to $40 O0O and
aggregating 81 ,O5S ,23O46. Borrowers, it must
be understood, are, 0Kpectcd to meet their OBJ
legations promptly; !ling to do this, they are
notified, by gentle admonition, that such dere-
LECTION is neither allowable nor to be tolerated.
The borrower whose habits are regarded as
whose haunts and places of resort gre
Of rather questionable character, is closely
watched. He whose breath, on approaching
the bank counter, is invariably tainted with
whisky, is likely to meetwith rebuffshould he
seek favor. He who is fast" is not soonest
in bank. tstfA H.
The First National does a heavy exchange
business, it having issued 8 LASS drafts on other
banks during the year, varying in amount
from 81 to $4,000, and aggregating $1i264s21.
H. The immensity OF this branch of It's bust
ness is readily accounted for when it is IN
ierstood that ours Is an extensive trading
community. We have among us many large
dealers in cattle, hogs, &c, and they, instead
ofeurrency, prefer taking drafts or certificates
of deposit for proceeds of sales in the CONNER
sial centers, such as New York, Philadelphia
d. Cincinnati, knowing as they do that du.
DllCate can be procured ofa draft or certificate
of deposit lost or stolen, but bank notes or
money purloined, or otherwise mysteriously
may not be recovered. The bulk
If commercial transactions are done through
exchange The merchant and manufacturer
pay their bills in this way; and the man who
ias an eye to business and the safety of that
with which he seeks to make, investment
.broad, carries with him, instead Of a roll Of
,ank notes, draft orcerti6cate Of deposit, the
,ost of which is mere trihe
The gross earnings OF the,bank for the half
,ear ending on the I'd INST were $19,65476,
which, after deducting Its expenses (s4,99T26j
or the same period, left a net proht OF Sl5,-
$3.50, Of which $1,000 was apportioned IS div
dend qess Ave per cent excise taxi among the
itockholders, and the balance ts9,857hO) added
% the banks surplus capital, making that
'und, now, S393575O
We are pleased to note this prosperous con
iition Of the First National, Itis certainly an
institution which is of incsiculable benefit to
The business interests OF opr county, and we
rope its prosperity and usefulness may be of
ong duration. uu#a4 aHH
The bank paid taxes as follows during the
oast year; rafE EttEt i
70 U S, Treasurer r.............,....S So, ,063 ~ |
70 Internal Revenue Collector ..,.... 1.60S 27
To County Treasurer .ns.at....... 166 211
Total !,.,.g.,,.g., ,l.nt..t,t s,SS7 90
The stock of the bank is owned and held as
ollows Il
r..n... ..l. EB r' nn seonol