Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1871-08-24
FAYETTEVILLE, TENNESSEE
A Bank Account-its Con
venience-How to
keep one.

institution to those persons who
avail themselves OF its friendly
offices. Many persons have formed
the idea that to have a bauk &C.
count requires large amount Of
means, with much trouble and
annoyance but thisvview is erro-
ncous, as is we'll shown in the fol-
lowing article of an intelligent cor
respondent. He asks:
First. What is a bank 2 A place
or building opened by a joint stock
company under su b name ard
ii 10 as they choose, sanctioned by
the Sta e or Government, for the
purpose Of making loans, buying
and selling notes, exchange, &c.,
and receiving the monies of others
oa deposit.
Now why don't you ol'en a bank
account, or, in other words, why
don't you deposit your money in
bank =
You say you have been in bust
ness several years and have never
kept one, think | can get along
without it," No doubt sou can.
But can't you get along better by
keeping one? 81 don't know, l
have SO little to deposit that it
wouldn't pay a bank to keep it
for me-" That is for their consid
Grafton, not yours. The question
for you to determine is not if it
will pay the bank, but if it will
pay you, in relieving you OF all
anxiety and trouble. shall point
out to you some of the advantages.
In the first place, by keeping a
bank account your money will be
in a place OF security. You have
now, perhaps ten, fifty or hun
dred dollars, or more, that you
keep i'll your own pocket or at
hume-you take it to your bed
room at night, and when you go
out carry it about your person.
Now you may lose this money out
of your pocket-your drawer may
he robbed by your servants, or
your house may be broken open
by thieves, or your premises may
take fire and the money be de-
stroyed or lost. But even should
you escape ALL, you cannot escape
anxiety. When you have a little
more money than usual, you have
fears lest some accident should &C.
cur now you will avoid all this
10y depositing your money in bank.
Again, when you open your &C.
count with the bank you can also
commit 10 its charge anything
else of value you may have-your
will, policy of insurance, deeds, or
valuable papers, by depositing a
small tin box, having your name
Oh it, putting your valuables into
it and giving it TO the officer in
charge at the bank, who will take
pleasure in giving ii out to you as
often as you may wish it.
Another advantage is the saving
Of time. "Time is money" "Mon-
ey saved, is money earned" SO
says DR.. Franklin. When you
deposit money you will have no
trouble in recounting it when you
wish to pay it out. You have
only to draw q check on your
bank, Gf made payable TO order
Will answer for a receipt) which
consumes less time than counting
the money, besides relieving you
Of the trouble Of making change,
which, sometimes is very annoy.
ing.
Another still greater advantage.
IL will be check upon your &C.
counts. | need not speak to you
upon the Importance of correct
accounts, be you merchants, me-
chanics, farmers, or traders. By
placing all your money in bank
from five dollars up, your bank
book will be an authentic account
af your cash transactions. You
will say, "But | don't like to de-
post so small a sum as that" My
friend, have no fears on that point;
more men have five dollars than
one hundred dollars. When you,
find one person able, or does de-
post one hundred dollars in bank,
YOU will find thirty who are only
able to deposit five dollars-bis
mite-but who do not, although
abundantly able TO do SO. By
means of Jour bank account you
could trace your receipts and pay.
ments. even after years had
elapsed; disputed accounts, if
paid by check, could easily be
traced and settled. Many other
reasons could be mentioned whyt
YOU should keep a bank account.
But hope what | have said will