Middletown transcript., 1883-01-12
HINTS TO THOSE WHO KEEP
BANK ACCOUNTS.

1.-THE following sensible hints to those who
keep bank accounts are furnished by the
Philadelphia Ledger.l
l. If you wish to open an account
with a bank provide yourself with
proper introduction. Well managed
banks do not open accounts with stran-
gers.
2. Do not draw a check unless you
have the money in bank or in your pos
session to deposit. Don't test the cour-
age or generosity Of your bank by
presenting, or allowing to be presented,
your check for a larger sum than your
balance.
3. Do not draw a check and send it
to person out of the city, expecting
to make it good before it can possibly
get back. Sometimes telegraphic adj
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 discredits you.
5. Do not give your check to a
friend with the condition that he is not
to use it until a certain time. He is
sure to betray you, for obvious reasons.
Do not take an out-of-town check from
neighbor pass it through your bank
without charge and give him your
check for it. You are sure to get
caught.
6. Do not give your check to
stranger. This is an open door for
fraud, and if your bank loses through
you it will not feel kindly to you.
7. When you send your checks out
of the city to pay bills write the name
and residence of your payee, thus
Pay to Jno. Smith & Co., Of Boston.
This will put your bank on its guard,
if presented at the counter.
s. Don't commit the folly of sup
posing that because you trust the bank
with your money the bank ought to
trust you by paying your overdrafts.
8. Don't suppose you can behave
badly in one bank and stand well with
the others. You forget there is a
Clearing House.
10. Don't quarrel with your bank.
If you are not treated well 60 some
where else, but don't go and leave your
discount line unprotected. Don't think
it unreasonable if your bank declines
to discount an accommodation note.
Have a clear definition of an accommo-
dation note-in the meaning of bank,
it is a note for which no value has
passed from the endorser to the drawer.
II. If you want an accommodation
note discounted tell your bank frankly
that it is not, in their definition, bus
iness note. If you take a note from a
debtor with an agreement, verbal or
written, that it is to be renewed in
whole OF in part, and if you get that
note discounted, and then ask to have
a new one discounted to take up the
old one, tell your bank all about it.
12. Don't commit the folly Of saying
that you will guarantee the payment Of
a note which you have already endorsed.
Is. Give your bank credit for being
intelligent generally and understanding
its own business particularly. 1t is
much better informed, probably, than
you suppose.
IA. Don't try to convince your bank
that the paper or security which has
already been declined is better than
the bank supposes. This is only chaff.
Is. Don't quarrel with teller be-
cause he does not pay you in money
exactly as you wish. As a rule, he
does the best he can.
16. In all your intercourse with bank
officers treat them with the same cour-
tesy and candor that you would expect
and desire if the situations were re-
uersed-
II. Don't send ignorant and stupid
messengers to bank to transact your
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