Clearfield Republican. [volume] (Clearfield, Pa.) 1851-1937, 1881-02-23
BANKING RULES.

Tho following rules on "Bank &c.
counts and how to transact business
with banks may be familiar to most
business men, but the young men Just
entering the business world will find
their Observance to be of incalculable
benefit and full Of good sense and fair
ness:
l. If you wish TO open an account
with Il bank, provide yourself with a
proper introduction. WelLmanaged
banks do not open accounts with
strangers.
2. Do not draw check unless you
have tho money in the bank or in your
possession to deposit Don't test the
courage or generosity Of your bank
by presenting or allowing to be pre-.
sented, your check for a larger sum
than your balance.
3. Do not draw check and send il
to a person ont Of the city, expecting
to make it good before it can possibly
get back, Sometimes tclegraphic ad
vice is asked about such checks.
4. Do not exchange checks with
anybody. This is soon discovered by
your bank it does your friend no good
and discredlts you.
3. Do not give your check to
friend with the condition that he is
not to use it until certain time. He
is sure to betray you, fer obvious rea.
sons.
g. Do not take an out-of town check
from n neighbor, pass il through your
bank without charge, and give him
your check for it. You are sure to get
caught.
7. Do, not give your check to a
stranger This is an open door for
iraud, and if your bank loses through
you, II will not feel kindly of you.
8. When you send your checks out
of the city to pay bills, write the name
and residence Of your payee, thus
Pay to John Smith & Co., Of Boston.
This will put your bank on its guard,
Il presented at the counter.
9. Don't commit the folly of suppos.
ing that, because you trust the bank
with your money, the bank ought TO
trust you by paying your overdrafts.
~. Don't suppose you can behave
badly in one bank and stand well with |
the others. You forget there is
Clearing House.
II. Don't quarrel with your bank.
II you are not treated well, 90 some. |
where else, but don't 90 and leave
your discount line unprotected.
II. Don't think IL unreasonable if
your bank declines TO discount an ac.
commodation note. Have clear
definition of an accommodation note.
IL is note for which no value has
passed from endorser to the drawer.
If you want your bank discounted, tell
your bank frankly that it is not, in
their definition, business note.
l3. If you take note from a debtor
with an agreement, verbal or written,
that is to be renewed in whole or in
part, and If you get that note dis.
counted, and then ask TO have new
me discounted to take up the old one,
ell your bank all about 1t.
II. Don't commit the folly OF saying
hat you will guarantee the payment
II a note which you have already en-.
'orsed.
10. Give your bank credit for being !
intelligent generally and understand.
ng its own business particularly. 1t t
; much better informed, probably, {
han you suppose.
l6 Don't try to convince your bank
bat the paper or security which has
lready been declined is better than !
he bank supposes. This is only chat. i
IL. Don't quarrel with a teller be. |
ause he does not pay you in money a
xaotly as you wish. AS a general S
ulc, he does the best be can. O
Is. In all your intercourse with '
ank officers, treat them with the I
lme courtesy and candor that you v
'ould expect and desire if the situa r
ons were reversed. v
10. Don't send ignorant and stupid o
lessengers TO bank to transact your d
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