The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1894-04-14

than is lying to his credit should arrange
with the bank for loan, even if wanted
for but day.
But what amount should your average
daily balance be? That depends entirely
upon the business you ask the bank TO do
for you. If You are making many checks
the balance ought to be larger than other
wise. No one can lay down general rule
for this; you ought TO decide for yourself
Does 800 look sufficient to you? Yet
that sum loaned all the time at G per cent.
will give the bank only Sc for taking care
of your account one whole year But men
connected with money institutions will bear
me out that the number of depositors who
do not have au average balance of 500 is
very great
Perhaps you are borrower from the
bank aud consider that the interest you
pay it places it under obligations to you.
| hear this said frequently. 1t is not any
thing like the truth There are always
men wanting money if you are accommo-
dated and some one else is not you ought
to be thankful for the preference the
other man would have paid as much inter
est as you; you did not borrow to obligo
the bank but for your own needs of profit,
and though you pay back the loan and in-
terest, you have been favored and ought to
feel grateful. But if you are, you are an
exception
If you are needing to borrow money you
will then discover that your daily balances
play large part either in your favor on
against you. Have they been cut close
Then it follows that you are rather hard
pressed to keep up, and consequently it is
a matter of great doubt if you should be
trusted Have your balances been gener-
Gus? Then the bank ought to be equally
good to you, for your account shows that
you do not permit yourself to get down to
the last cent, but on the contrary you be-
licve in being beforehand
1t is desirable upon every point of view
for you that the bank should feel that your
account is of some value to 1t, 1t tinges
tue answers given when your credit is in
quired about 1t decides many little ques-
tions in your favor that otherwise would
be decided against you. But remember
that the account that is valuable to bank
is deposit account. Borrowers need not
be sought. 1t is deposits that are in great
est demand in this age
am told thatit is the custom in Europe
to charge small depositors an annual fee
for taking care of their accounts This is
eminently just, and if ia vogue here would
at least pay for the stationery consumed
by such depositors.
A bank officer must often wonder how
his small depositors explain to themselves
the justice or fairness of asking the bank
to do 50 much work for them, and for prac-
tically nothing. [ turn to the depositor's
ledger of one bank and see that John
Smiths balance for a month past was never
more than $50 and most of the time was
under $50. He made frequent small de-
posits, and more frequent checks. He
calls for new check book as if he were
doing the bank favor, yet his business is
not worth one fraction of a cent, but, on
the contrary, the bank would be better
without it.
Here is another account that is in aed,
that is, is overdrawn, and has been for ten
days. That man probably reasons that as
he occasionally leaves little money to his
credit in the bank, the bank, in turn, ought
to be glad to let him have an equal amount
of its money for as long time.
You are desirous of standing well with
your bank; this is proper spirit and am
bition; then see that your deposit account
is one that is desirable one that pays the
bank for doing your work, and is always
on the right side.
This does not imply that you shall leave
debts unpaid in order to have larger bal.
ance at the bank If you are in that con
dition all you need of bank is to buy
drafts oft with which to pay these creditors.
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