Kimball enterprise. (Kimball, Brule County, Dakota [S.D.]) 188?-1883, 1883-05-11
DRAFTS ON
How They are Made and How and
Where Payabie-The Glass OF Per
sons Sending Them.

1kuW A11Sy 4 NASSNA AAN AAo 0uu
Where Payable-The Glass OF Per-
sons Sending Them.
Drafts on Ireland from 81 upward.
payable throughout the old country
without discount" This advertisement
is no doubt familiar to
the readers of the Herald who.
see it from time to time, and no doubt
often wonder just what is back of it
what it fully means, in fact; for few
think that the Maverick National bank
of Boston would continue an advertise.
ment of the kind in large type at quite a
considerable daily expense unless there
was some profit in it-unless it was to
catch a portion of what may be a large.
business, in the way of exchange. To
learn some facts regarding this business,
President Potter was waited upon on
Friday last.
"I wish to inquire, Mr.. Potter, in re-
gard to the business Of sending drafts to
Ireland. Is it much ola b%usiness?"
eyes, it has been made by US a snug
little item Of addition to our ordinary
regular business, though l may say that
now it has become a part of our regular
business"
"When did you start the business?"
"About two and a half years ago. You
remember when Mr.. Parnell was here?
Well, that was the time. Considerable
subscriptions had been raised in this
city and vicinity to aid the cause of Irish
independence as advocated by Mr.. Par
nell, and our bank was chosen by the
committee having the funds in charge as
a depository OF that money. This led to
the business Of transmitting me e for
individuals to the old country, and this
has grown to be quite a considerable
and steady one, there being certain sea-
sons when it assumes larger proportions
than Others"
How do you send the money intrus-
ted You to lreland?"
"We have arrangements with two of
the leading banking concerns in the
country-the Belfast banking company
of Belfast and the Munster bank of Dub
lin. These banks have numerous branch
having twenty-five, and the Munster
abort fifty. These branches are not
mere agencies, but actual branches
owned by the principals. We do not
have this. system in the United States,
but they have it in Canada in the bank
of British North America, which, by the
way, has branches in New York and
Chicago. Well, these banks and their
branches, by an understanding between
us, cash our checks in any part Of Ire
land where they are located, and we
keep renting to them constantly 10
meet these checks; the tide being all
one way. AS a consequence of our
checks being so readily convertible into
cash in any part of Ireland, and they
have become so well known throughout
the country that any tradesman will gem
orally readily receive them, and many
Of them being in le and 60 denomina-
tons, they are frequently used as a kind
of auxiliary currency by tradesmen."
"What is the volume of this business?"
at varies from time to time, as l told
you. About the middle Of November,
what you might Gala rush commences.
People are then sending money very
generally to their friends in Ireland for
Christmas presents. After this rush the
business of renting goes III evenly un-
til just before st. Patr,ck's day, when
there is another rush to send money TO
the old country. During these times the
remittance through our bank will aver
age from ESQ to GOO a day. Outside
those seasons the average may be said to
be from Els to el0O a day. The day be-
fore yesterday we drew ninety-four bills
on Ireland, a%ggregating e244, and the day
previous eighty-eight bills, aggregating
91S6. That is about how they run,
though sometimes, even at this season,
there it a falling off, for one, or, perhaps
two days in a week. During the last two
we have drawn bills for e1 500"
"What class of people are the most
frequent senders?"
about ~seven.eights are female
working women mostIy-donestic, etc.n
What is the average amount of the
drafts sent?"
"Well, | should say that they would
average about 60 l0s.; but three-fourths
OF the small exchange is for sums under
e.. Two pounds, however, is the
amount those people like to send. They
are a generous hearted people, and their
love for home and kindred must be
strong when, earning the small wages
many OF them do, they will yet save a
moiety to send home to tighten the bur-
den Of the old solks."
"What do you charge for sending
drafts?"
Our charges are moderate. We issue
a II craft for 5 cents, AS to the profits
of the business, that is a thing | do not
" .aih 0Dou0-lo 10 Il Llllllk, vi C0uisI
which does not interest the public that
| can see. The business satisfies u.s."
The writer had an opportunity on
various occasions of seeing those who
sent money to Ireland through the Ma
verlck bank. All Of these people-they
were mostly females-seemed to be
workers, and had a careful,
thrifty thoughtful air about
them. Some were well
dressed, and all decently clad. Some
were mothers and brought their babies
along with them, and three youngsters
unmindful of fhe solemn dignity Of
bank officers and men with cash depos
its, often made the air vocal with their
lusty cries-the mothers heing unusally
clustered" at the exhibition Of their off.
springs without the power of stopping
1t. 1t was q refreshing sight, however,
to see people with hearts in them, who
remembered those who had given them
being, and would spare something from
their W small earnings to make life
more comfortable at the time comfort is
most n~oeded-the decline, The graft.
tude of children must be a pleasing thing
to parents, as ingratitude must be- the
reverse, Well, it is a strange world,
and it is..a great pity that virtue has not
more shekels to distribute in doing good