Fayette County herald. [volume] (Washington [Washington Court House], Fayette County, O. [Ohio]) 1860-1???, 1870-01-06
First National Bank.


bank closed its business for ls60 and, w
are pleased to state, bighly prosperous
record Of its operations is shown in III
statement for the six months ending with
that date. The past season has been one
Of great excitement iu financial circles th'
disturbed condition Of monetary afIair'
has very materially tended to stringency
and depression in commercial transac'
tions, and has caused unusual alarm
among capitalists, and consequent check
ing and curtaiIment Of tile speculative i'm.
! pulses of trade Hence money has been
tight--its ebb and flow between the pro.
ducing and consuming sections has been
retarded, because OF the felt alarm and
distrust prevailing, The First National,
however, presents hattering business ex
hibit, as few items will show. Its loans
at date above referred to were S306, ,24S 81; ;
deposits, $273, ,933 81 Its gross profits
for the six months were $l8, ,24S &c; expen.
ses, including taxes paid, ISL $50 &c. S..
2l9 lS. After deauotiDg $4,000, appor.
toned as dividend (less five per cent. eX-
else tax among the stockholders, and can
ceiling its expenses, the bank passes ST.
029 AZ to its surplus capital, making that
fund, now, $685. 1913 30 I'VE understand
that desire is expressed among the stock
holders to run the surplus up to $lOO 900;
and we are of opinion they will find it to
be judicious and profitable investment.
The capital is needed-the wants Of this
community require it.. The banks cash
on hand, Friday evening last, 1851 ,667 Of
it being legal-tender notes. was S64 60l
49; that due by banks, $40 ,839 92--making
SlO5, all Al on hand and available. From
this it will be seen that its condition is
sound-that its alfairs are conducted on
solid, secure basis-it always being the
policy of its managers to have in reserve
an available surplus considerably in ex-
cess ofthe legal requirement,
A few words TO those having business
in bank may be beneficial here. First,
learn what the banking hours are, and
knowing them, transact your business
within those hours Do not expect to be
accommodated, "because it's you" out
side of regular time. A bank having no
esta blished business hours, you will find
to be one that fails to give satisfaction such
as pleases the public. That bank which
favors you by transaction of business out
side OF regular hours, will offend him be-
cause of failure to extend like treatment
Before making deposit, count your mon
ey and lay your bills one way, right side
up. fyou have checks or drafts to de-
posit, list them separately on the deposit
ticket, and then ma Ike total footing. Should
you be stranger to the bank and desire
check or draft cashed, it being made
payable to your order, have some respon-
sible accompanying friend, known to the
bank, to identify and vouch for you: do
likewise should your check be for CON
siderable amount and drawn payable to
bearer. On presenting check at the
bank counter to be cashed, remain there
until you receive your money, else the
wrong man may get it. Always count
your money Willingly wait your turn at
the counter: "First come first served is
the rule which governs. Never overdraw
your account. Should you do so, you may
get your back up, some "big feeling"
customers do) when informed thereof, If
you wish to borrow money, procure n blank
note such as the bank uses for loan pur-
poses you will see by the form that, in the
absence of collateral security, your own
and two other signatures are required to
be affixed thereto Ii the loan is granted
you, pay your note promptly on maturity:
you will find it advantageous to do so sho'd
you again seek like favor. The inter
ests OF banker and deposltor are mutual.
The banker uses your money-takes care
of it for you--holding it subject to your
withdrawal when and as you desire, and
always giving you preference in the max
ing of loans, basing the same on the ac-
count you keep, subject, however, to the
legal limit. Some people think that banks
ought to pay interest on money deposited,
they considering bankers under obhga-
ton to them for its use. To such it may
be well to say that the obligation is corce-
ded by many to be on the other side; that
they are the obliged, indsmuch as the bank
takes charge of their money, keeping it in
a safe place, and returning tito them when
called for. In some cases, it Is true, inter
est is paid on deposits, when left for spec
flied time. The principle, however. is con
demned by many experienced bankers 1t
should be bornein mind that bankers are
not borrowers, but lenders Of money,
The correspondence of the First Nation
al is immense, the number of letters mailed
during the past year being 3,O2l. The
greater portion of them contained itemized
exchange remittances and draft returns
for collection. All such letters are copied,
q duplicate of them being always held by
the bank. The collection branch of the
banks business is very large, the number
Of collections booked during the year being
1853; the mum Der of demand collections, of
which no book entry was made, far exceed I
ed that number, The number of distinct I
or separate loans made during the year
was $40; number of fdrafts issued on 9th
er banks, 1857, varying in amount from
81 so to 81 ,Sl4 81. This will give some
idea of the great magnitude of the banks
exchange business.
The Stock of the bank is owned and
h al1 90 folloxUs.