The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1883-02-03

To Those Who Keep Bank Accounts.

! From the Philadelphia Ledger:
IF you wish to open an account with
bank provide yourself with proper intro
duction. Well managed banks do not
open accounts with strangers.
Do not draw check unless you have
the money in bank or in your possession to
deposit Don't test the courage or gene
rosity of your bank by presenting, or al
lowing to be presented, your check for a
larger sum than your balance.
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 advice is asked about
such checks.
Do not exchange checks with anybody.
This is soon discovered by your bank it
does your friend no good and discredits
you.
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,
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.
Do not give your check to a stranger.
This is an open door for fraud, and if your
bank loses through you it will not feel kindly
to you.
When you send your checks out of the
city to pay bills write the name and resi-
dence of your payee, thus-Pay to Jno.
Smith & Co., Boston. This will put your
bank on its guard, if presented at the
counter.
Don't commit the folly of supposing that
because you trust the bank with your
money the bank ought to trust you by pay
ing your overdrafts.
Don't suppose you can behave badly in
one bank and stand well with the other.
You forget there is a Clearing House.
Don't quarrel with your bank. IF you
are not treated we'll 90 somewhere else, but
don't go and leave your discount line un-
protected. Don't think it unreasonable if
your bank declines to discount an accom-
mediation note. Have a clear definition of
an accommodation note-in the meaning
of bank, it is a note for which no value
has passed from the endOrser to the drawer.
If you want an accommodation note dis
counted tell your bank frankly that it is
not, in their definition, business note. If
you take a note from debtor with an
agreement, verbal or written, that it is to
be renewed in whole or in part, and if you
get that note discounted, and then ask to
have new one discounted to take up the
old one, tell your bank all about it.
Don't commit the folly of saying that
you will guarantee the payment of note
which you have already endorsed.
Give your bank credit for being intelli-
gent generally and understanding its own
business particularly. 1t is much better
informed, probably, than you suppose.
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.
Don't quarrel with teller because he
does not pay you in money exactly as you
wish. AS rule, he does the best he can.
In all your intercourse with bank officers
treat them with the same courtesy and
candor that you would expect and desire
if the situations were reversed.
Don't send ignorant and stupid messen-
gers to bank to transact your business.