The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1872-01-23

ADOPTED FROM J. w. aILBARr, F. R. S
THERE ARE A GOOD

THERE ARE GOOD
Many Of the middle class Of people who
are not in trade, and must now address
them Perhaps you are clergyman, or
q medical man, or perhaps you are in a
public office, or are living on your rents
or dividends At all events, whatever
You may bel conclude you arc not living
beyond your means. II you are, have
not word to say to you about keeping a
bank account; your money will soon,
most likely, be within the keeping of 4
sheriff.
SEVERAL OF THE REASONS
have given 10 the trader. will also apply
to you but there is one that applies with
much greater force-the tendency to in-
sure accurate accounts. As you are not
man of business, shall not advise you
to keep an account Of your receipts and
expenditures. | know you will do no
such thing. Should you ever commence
to do 40, you will get tired before the end
Of the year, and throw the book aside
Now if you keep a hank account, ne will
keep your accounts for you; his Pass
book will show you the state Of your ac-
counts. All the money you receive you
must send to the bank, and all your pay
ments must be made by checks upon the
bank. If you want pocket money, draw
check for SIS or $40 payable to cash,
but by no means dlsburse any money but
through your banker. Your book will
be balanced every half-year. You will
then see the total amount of your receipts
during the half year. and your various
payments to the butcher, tie baker, the
tailor, &C., &c. The names to which the
checks are made payable will show for
what purpose they were given, and you
should write these names in plain hand,
that the clerks may copy them correctly
in the Pass book. Now, il you look
through your book once every half year
in this way. yeu will probably see occa-
sion to introduce some usefu. reforms
into your domestic expenditure. But if
you are too lazy to do this, hand the book
to your wife, and she will do it for you.
IsHALL NOW ADDRESS
Another class Of people. Perhaps you
are clerk, or q warehouseman, or 8
shopman, or q domestic servant. You
have no occasion to keep bank account
that is, you have no occasion to open
current account But you have got lit
tie money which you would like to put
into come safe place, and upon which you
would like to receive interest. Well, now,
listen to me-
If THE SUN BE
Under $40, or if the sum be above $40,
and you are not likely to want itsoon PIT
it into the bsuk aud YOU will receive N
tsrest for it at the rate OF about S6 for
every Sl00 for year
THESE BANKS ARE oPES
Every week day from nine o'clock in the
morning till three in the evening; they
will take Judgments Of money TO any
amount. and interest will be allowed from
the day it is lodged until the dav II is
drawn ont. if LEFT for three months or
more. For all sums lodged on interest,
the bankers give receipts called deposit
receipts.
WHEN YOU 60 TO
The bank to lodge upon interest any sum
under 81 600, you need not inquire for
the manager. Hand your money to any
clerk you may see standing inside the
counter, and ask for a deposit receipt
You will be requested, (the first time you
go) to write your name and address in
book which is kept for that purpose, and
then the deposit receipt will be given to
you without any delay.
WHEN YoU WANT THE MONEY
You will be requested to write your name
on the back of the deposit receipt; the
cashier will see that the signature cores
ponds with the signature you wrote in the
book when you lodged the money, and
| will then pay you the amount and keep
the receipt.
INTEREST WILL AT PRESENT
BE allowed at the rate of from three to six
per cent per annum, according to the time
the deposit is to remain. The longer it
remains the higher the rate. Deposits
for a less time than three months, and de-
posts subject to call, draw no interest
Special rates are sometimes fixed in cases
where the depositor is uncertain when he
will wish to draw his funds.
YOU WILL BE SURPRISED
To find hoU the desire Of lodging money
in a bank riN groU upon you. When you
had money in your pockets you were
anxious TO find reasons for spending it
When you have placed it in the bank you
will be anxious to end reasons for not
spending it. All habits are formed or
strengthened by repeated acts. The more
money you lodge in the bank, the more
you will desire to lodge. You will 60 on
making additions, until, at last, you will