The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1900-01-17
DISK STUDIES FOR GIRLS:
MONEY AFFAIRS.
Y. PERSONAL ACCOUNTS AND
MONEY AFFAIRS.
gr,.--4-.4a
(Coneluded.l
Something More About Checks.

OF CdSn. This differs from cneck 4
drawn PAY TO the order Of Bearer "
The paying teller expects you yourself |
or some one well known 10 him as your /
representative when you write Cash.
If you write Pay to the order OF
(your own Isame)" you VIII be required
to indCrse your own check before you
can get it cashed. The check is simply !
a written demand upon the bank for
some OF your own money, and when you
write Pay to the order Of Cash" il IS
simply a formal request for some or
your own cash. If, however, you are
giving the check to a trsdes~nan in
payment Of a bin you should, Of course
write his name instead Of the word
cash" You are asking the bank 10
pay him the money as he (the trades
/ mani may order" it paid.
If you wish TO stop the payment of
check which you have issued, you
should Eotify the bank at once, giving
full particulars Of the check. You
might, for instance, give your check IN
payment of a bill which you afterwards
find out to be wrong or fraudulent.
IL Is better for all parties concerned,
including the bank, if you exercise pro
! per precaution in issuing checks.
Il you have received a check from
some one in payment of a bin and you
: deposit 1t and Il Is returned through
vcllr bank marked NO funds it signi-
fes that the person whose signature is
attached to the check has no fumes IN
the bank upon which the check -
drawn. Your bank VIII charge the
amount to your account. The best
thing to do in such a case is to hold
the check as evidence of the debt, and
write to the person from whom you
received the check, stating the Facts
and asking for the cash in some otner
form.
Banks have a custom. after paying
and charging checks, Of canceling them
by punching or by making some cut
through their face. These Cancelled
: checks are returned to the makers at
/ the end Of each month.
Checks Should Be Numbered.
/ Checks should be numbered, 50 that
each can be accounted for. The num-
/ beTs are for your convenience, and not
+ for the convenience OF the bank. 1t is
important that your checkbOOk be cor
/ reotly kept, so that you can tell at any
/ time how much money you have In the
/ bank. At the end of each month your
small handbook should be left at the
/ bank, 50 that the bookkeeper may bal
ance il. It may happen that your
handbook viii show e larger balance
than your checkbOOk. You viii under
]
( rectly kept. that there are checks out
standing which have rot yet been pre-
scented at your bank fer payment
You can find out which these are by
checking over the paid checks that have
: bean returned to you with your bank
4 book The unpaid checks may be pre-
/ sented at any time. so that your actual
( balance is that shown by your check
book. Checks should be presented for
! payment as soon after Gate as possible.
Certified Checks.
/ If you wish to use your check to pay
q note due at some other bank. or in
I buying real estate or stocks or bonds,
you may find it necessary to get the
check certified. This is done by an
officer of the bank, who writes or
stamps across the face Of the check
2 the words Certified" or Good when
properly iraorsed," and signs his name.
The amount viii Immediately be de-
Quoted from your account, and the
bank, by guaranteeing your check, be-
{ comes responsible for its payment.
Banks will usually certify any check
I drawn upon them if the de9ositor has
/ The amount called for TO his credit If
I you should get a check certified and
I then not use it, deposit It in your bank.
otherwise your account viii be short tie
\ y
( ada all checks are presented 10 the
! ledger keeper" for certification before
1 being presented to the paying teller.
Bank Drafts.
Your bank check is really your sight
draft on your bank Of course it diff
/ fers from an ordinary commercial draft
not only in It's wording, bat in its pur-
/ pose. A check is used for paying money
/ to a creditor, while a draft is used as a
/ means of collecting money from a
[ debtor. The bank is obliged to pay
/ your check if It has fumes of yours
sufficient to meet il. while the person
upon whom your draft is drawn may
/ or may not honor it at his pleasure.
/ Banks keep money on deposit in one
/ or more other banks located in some
/ of the commercial centers. Nearly all
! large banks keep money on depOsit with
/ one Of more Of the New York City
/ banks. They call these banks their
/ New York correspondents A bank
| draft is simply the banks check, draw
/ ing on it's deposit with some other bank.
/ Banks sell these checks to their Gus
toners. Merchants make large use Of
\ those drafts, or cashiers checks. as
/ they are sometimes called. in making
/ remittancss from one part of the cOun-
try to another. A draft on a foreign
bank is commonly called a bill Of ex-
change"
Hints For Depositors.
Do not wait until you set to the bank
| to count your money, or To indOrse
your checks and arrange your deposits.
| This should be done before you come
! to the bank, or, at least, before you
present yourself at the receiving tel
! ler's window. Be sure that you have
the figures correct. Place the bills all
one way, right side up. Separate your
/ gold and silver and sort the silver by
/ denominations. Do not deposit your
difaes, niekeis and pennies until you
| have certain amount Of them, say IS
| of each; then put them in a package,
with the amount and your name mark
ed on it.
Power of Attorney.
To give some one else the power to
| sign or ind0rSe checks. notes. or other
| important papers, is called giving such
an one power Of attorney ls. the
| power or authority to be your attorney.
Such authority when given should be
| in writing, and have a witness, and
| should state explicitly what the "at-
] torney,' has power to do. The postcdiee
I department issues a printed blank for
Use by those who wish to transfer to
| others the power "a. sign money orders.
Powers OF this sort should re filed with
the pOstoffice. or with the bank inter-
ested, or should be made matters Of
public record at the Offices Of the reg
lister Of deeds.
Safe-dsposit Vaults.
Many Of the banks. trust companies
and Insurance companies make a spec
ial feature Of renting small safe-depCsit
| boxes or drawers in their vaults to any
and every person who chooses to pay
the rent asked, which depends largely