The Red Cloud chief., 1888-12-21
-aeo-TAef,saa.

~ Aossss.s $780, q lssiaaoaMu
CGassasssA WSeA 1Aas sl1aOA~
A rich man compelled 70 pawn hi
watch for q meal anda nights lodgino'
Thst Was the strange situasioe n
which . young Engiishman wko I'D
Just landed in New York iorsd hin.
self the othcr day. He hsA arrived
from the West Indies whose he nvess
Cd nearly all the money % his persoe
in . draft for two husared pounds o. Z
Ne~ York bank. ANXIOUS 70 gee q
vain for St. LOUD the same day be hur'
I ried to the bsnk for his mosey. Ina
teller refused 70 pay The drals unIsaa
be was i5enti6cd.
And die young man vas an absolute
stranger in New York!
Your people in the West Indies
sook my good money for that draft and
/ want it back again. Am ! to infer
that this is . bankrupt institution"
He got no satisfaction. lost his train
and had to pawn his watch for . meal
and q bed. A fell0w-passenger identi.
fed him the next day. was discuss
Ing this matter the other day with Z
very liberal American who has had
much banking and mercantile expo
rience here and abroad. Nothing
looks more ridiculous 10 . London
mercantile man than to see . long
string Of persons with books in their
hands, waiting 70 mako . deposit
through q cubby hole with q solitary
receiving teller-and it is the same
with the payment Of money. A bank
with slarge business ought to have hall
a dozen receiving and IS many paying
tellers at large. wide open counters.
Why all these cages and ratings and
bars and peep-hOles through which
you arc occasionally permitted "a
catch a glimpse Of the %teller's nose,
Who suddenly and unwillingly hands
you your money? They don't have
these things in England and robberiea
in banks are very rare. Here. despite
all these precautions. they are fire.
quent and a large proportion are com
mitted by those inside of the railing
and not outside of it. My hypercriti.
cal English friend said:
II do not like u DO looked upon
when ] enter q New York bank 4
stranger as il ! had q natural predi.
lection for perjury and forgery. for the
teller is not satisfied il you tell him
your right name and ven sign it-you
must be identified. In England checks
are usually made payable TO bearer.
Shall ] cross it?' asks the drawer,
which means that by drawing two
lines across the check and inserting
the words . bank or CO. between the
lines the money can only be collected
through u bank or banking firm.
Otherwise any bearer can get the
cash at the bank without any questions
being asked except How will you
have it?' may send any body With
my check payable to bearer for 5000
pounds TO a bank and he will get the
money without any trouble. A friend
OF mine some years ago gave me q
check for 81. 200. payable to myself OF
bearer on the Sixth National bank oil
New York. ! presented it. Don,
know you.' said the teller. Neither
have l the pleasure OF your acquaint'
ance.' was the answer. but my name
is on the check and I am also the
bearer Cant help it; it's toe
large an amount to give . stranger,
and you must be identified M
friends are out OF town. said I. land
President Arthur Is in Washington.
can't very well send for him. We'll
I WON'T give you tho money Then
write your reasons on the check.
I'No. l won't do that Them said
!. L am a newspaper man. I shall
protest this check and proclaim in
Wall street this afternoon that the
Sixth National Bank refuses to honor
the checks drawn on it, I got the
money."--R. b. Valentine, IN PhiladeI.
| 0hi1 Press.