Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1895-12-19

fourteenth century. The name bank is
derived from the Italian banco, a bench,
the Jews in Lombardy having benches in
the market-place for the exchange of
money. When banker failed his bench
was broken by the populace, and from this
circumstance we have our word bankrupt.
The business of borrowing and lending
money was undertaken first by gold
smiths, although the two had no direct
connection. In the process of the separa
ton of employments, which is character
istic of an advancing society, banking
became business of its own.
The bank of England was the fourth
important national bank founded in
Europe. The bank of Venice was the
first in date. The bank of England is
more than two hundred years old, and is
day acknowledged to be the greatest
financial institution in the world 1t had
a capital at commencing of six millions
The building covers whole block
bounded on the south by the famous
Threadneedle street, from which the
bank gets the name 1.-The old lady Of
Threadneedle street." Outside it pre-
sents he appearance of blind outer wall
of a great building without windows, and
having here and there ornamental pillars
and a few entrances. The plan is COM
pick system of light walls, offices and
court yards, the result of growth and
necessity. Among the curiosities in the
bank library is million pound bank
note. Tradition says that there have
been only four such notes issued Samuel
Rogers, the poet, had one framed and
hung over his parlor mantelpiece.
Among other curiosities in the bank
library is a note for e25, which had SUM
bered unobserved for III years, and was
then presented and paid. If compound
interest had been payable by the bank,
the owner could have claimed over $780,
600. About $4,000 notes of different values
are paid into the bank every day. These
are kept five years in the bank cellars and
are then destroyed by burning. New
notes are always given out in payment of
bills and checks. The first bank founded
in America was the Bank of North
America, in Philadelphia, which was
established in 17S2.
When you enter a bank to open an
account, inquire for the cashier, and, if
convenient, take with you some one who
can introduce you and identify you as
the person you profess to be. If you go
alone. do not feel hurt if number OF
questions are asked you While you may
DE perfectly honest, large number OF
people make their living by being sharp,
and besides il is necessary to establish
ttose confidential relations which ought
to exist in all financial transactions, so
that the cashier may know something
more about you than he could ascertain
by merely looking at you, and taking
youf name on Il book. The cashier Will
have YOU place your signature in book
Your name as written in this book should
be the same in style as you intend to
place on your checks. If necessary, the
cashier or some officer OF the bank, VIII
show you how to make out deposit slip.
He will give you also small bank book,
in hich YOU VIII be credited with the
amount of money which you deposit.
Each time you deposit money you will be
required to make out a deposit sip.
Your bank book is in reality your only
receipt from the bank for the money you
deposit. When you deposit money hand
it to he receiving teller, and when you
wish to draw money present you check to
the PAVING teller. When you wish to
/ have YOUR bank book balanced hand 1t to
the receiving teller. This is usually done
NO ,NO1I or