The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1896-01-27
WOMEN's COUNCIL.
Mr.. Woodbury. Speaks to Them on
Investments.

The Ladies' Ask Many Questions-Future
Meetings to be Held by the Council.
The Womans Conuoil wrestled with
the subject of investments in all Its
phases at the Second Advent church
Saturday. There was goodly attendance
of ladies W hen the president, Mrs Geo.
S. Hunt, introduced the speaker of the
day, MIR. Theodore G. Woodbury., who
read an exceedingly interesting and in
structive paper upon the A 3 G of in-
yestments and the management and dis
position of funds in general.
Mr. Woodbury. commenced by saying
that there were only a few subjects at
the present time on which woman was
not as we'll or better informed than man,
but IN thessdomain of business she had re-
ceived no special education, or made no
study of it as in Soiencs. Art, Literature
or Music. But with the natural curiosity
that has been attributed to her sex she
Is seeking knowledge on the practical
business topics and it is to her credit
that she demands that the intricaciss of
business matters should be unveiled to
her intelligence. This demand of hers
does not spring from mere curiosity, but
is a demand for further knowledge, so
| that she may be able to manage the trust
funds that come to her from her chart
table societies or from inherited property.
Mr.. Woodbury. said that when he had
l,na Eed To |, io ha hoA
been requested to make it of the A B
G type, therefore if much he presented
was familiar to them he trusted that
they would pardon it.
Mr.. Woodbury. said the first thing
person naturally would do when he came
into possession of a sum of money would
he to deposit it in bank, preparatory to
investing it, and that this Immediately
brought him to the fact that there were
tive classes of banks, savings banks and
banks of deposit, and he sketched the
workings Of each one, showing the
difference between them.
He then spoke of tina clearing house
and mentally visited with his audience
the clearing house in this city and de-
scribe the workings of 1t He referred to
| the formalities required in depositing
money in bankof deposit and called es-
pecial attic n ton to the necessity Of max
ng out the d eposit slip. This is a slip of
paper furnished py the bank on which
the derositing party puts down his de-
rosit, either check, bills or specie, giving
| it to the receiving teller with his deposit.
| It is seldom that woman grasps this first
necessary step in
DEPOSITING MONEY.
What she generally does is to hand In
her checks all in a bunch, together with
| the bills, at the receivingteller' window
and have him make out the slap. This
is very annoying to the teller, although
he rarely shows his annoyance and gener-
ally accommodates the woman. All the
time tho teller is trying to separate the
checks and list them, she generally
stands at the window and talks about
everything under the sun, much to his
distraction.
Mr.. Woodbury. spoke of the difficulties
Ia person finds after opening a bank &C.
count, in keeping the balance correct.
He stated that the omission in putting
down the amount of q single check which
| had beeu drawn would throw the balance
out, and the same If the deposit Is not
put down. These items are generally
kept on the stub of the check book, and
it is therefore very important that these
entries be kept carefully, for if the
am CUNT Of the deposit is rot added or the
| amount Of she check drawn substracted,
the exact balance win not be kept with
the result that there will ba clash be.
tween the bookkeeper of the. bank and the
deposition
| The simple arithmetic of adding and
substracting necessary in this is not
| above the simplest mind. yet it is not
too much to say that large number of
persons never keep their balances correct
ly, and the result is that this carelessness
causes trouble for the bank officers as
we'll as modification and trouble for the
depositors.
In drawing checks if desired that they
should be SO made that II lost they will
be worthless to the finder, they should be
| made payable to the order Of the person
| to whom the money Is paid. 1t is al
ways advisable in paying bills by checks
to make it payable to the order of the
person to whom the money is owed as the
endorsement on the back acts as re
csipt.
Many corporations in sending out
checks for dividends state in the notice
sent to the stockholders
| "NO ACKNOWLEDGMENT RE-
CURED.
This is because the check is payable to
order and when paid by the bank and
returned to the corporation acts as re-
ceipt, as the person whose name is on the
back must have endorsed it in order
to obtain tie money.
In summing up in regard to the keeping