Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1901-04-13

'1ftti1tg Tit1rr5-3 fpl1hltrat
To illustrate how the bank note de-
| posits were assorted and treated by the
/ markers at that interesting period,
copy literally the labels on the several
compartments in an old currency tray.
| in which the notes were assorted as
they came in, and from which the
checks We're paid. These labels were:
Eastern Pennsylvania, New York and
New England, in one compartment;
Ohio, Indiana and Missouri in another;
then Virginia. Maryland and Kentucky;
| in another Illinois and Wisconsin. and
lastly, western miexd.
| The first named notes We're choice par
funds. rating next TO gold. and they
| We're shipped to New York for ex-
change purposes. The next two (Ohlo,
| Indiana, Missouri, Virginia. Maryland
and Kentucky were '.bankable funds
3so-called, and graded as among the SAT-
est bank notes. Illinois and WILSON,
| sin took in the few legitimate free
banks in those states. located princi-
j5pally in Chicago and Milwaukee; but
1.-the last label was more comprehensive
than all the others put together. 1t In
Iscluded rag tag and bobtail, every
thing not comprehended under the oth-
err labels. but resembling a bank note.
Western Mixed was the dignified and
formal name for it. Its pet names We're
E''stump-tail red horse wildcat
"brindle pup and many othersof like
lendearing character. The vigslant bank
or watched that pile of currency closer
than the others. Its increase In guam
fifty caused much anxious concern and
4 its decrease corresponding citation. AS
1.-the close Of the business day APP
preached. If the supply vas large. he
prayed inwardly for checks TO come in
/ for payment; and If he could close mp
With that part Of his tray empty. his
sleep that night would be calm and
peaceful. That kind of money reversed
the usual order of things in the mind of
a bankera large balance instead of
being a source Of satisfaction, was a
very disagreeable menace.
The relations existing between the
banker and his customers We're of a
more personal and friendly character
then than now-communities We're
smaller and individuals were brought
ltSgether Socially, as we'll az in business
matters, and there was a feelineJof mu-
t.tual interest between them. and of sat-
tisfaction in evidences of business pros
lperity and az We'll pleasant family re-
llationS. The banker anticipated the
probable needs of his customer. and was
prepared to extend all required accom-
/ molations in the limits of safety And
@9n the other hand the same thoughtful
governed the actions of
1.-The customer II his business required
I the accumulation a large balance
with his banker, To meet some payment
ifor other emergency at a particular date
l ne would make 1t convenient to give
Timely notice when the money would be
fcalled for, and whether in exchange,
+ coin or currency. Ii occurred many
times in the experience Of bankers in
those days that the balance of any one
fof the several depositors, subject 10
sight check. exceeded the total cash of
all kinds in the bank: but the banker
8lost no sleep over that contingency.
knowing Very we'll that he would ge:
advance notice of any unusual callfor
money. and have plenty of time to meet
Lit In. nnnid truthfalsy .;e said II
1.-the general average bank depositer but
/ there We're exceptions in this az vel as
In all other general rules. The depos-
/ itor who wanted 10 soverdraw a few hun
i.Gretis-Nllo wished 10 be supplied with
exchange in sums to suit him without
premium who wanted collections
|,against him held over for few DAYS
was around 70 make the bankers .ife
j weary ,.ifh those and many other little
requests of like character. with which
the pubic is familiar.
The literature of the profession. a.
/ least az far az the west was CONCERNED.
/ vas confined To the monthly publication
3lof bank note reporters and counterfeit
|detectors the principal one of which.
ard in fact the standard authority. was
Ifhompson's Bank Note Reporter pub
Jished in Wall street, New York CITY.
Each monthly Issue was closely scanned
j for items of interest connected with the
4 business, new banks and their officers
Others in liquidation, With the varying
q discounts on their notes. and especia
Il attsntion was given to the description
4 Of new counterfeits. Of which each is-
4 sue had number. The body Of the
work contained titles of banks Of Issue
lof each state. arranged alphabetieallv
and following the title Of bank an6
name of president and cashier. came q
! liSt Of counterfeits against the different
denominations of bills Of that bank anc
lin some cases this list was a very Ions
one, describing dangerous Issues Of ev.
cry size from ones up to fifties aud ii
many cases the bogus Initiation resem.
bled SO closely the genuine. shat thf
bank was compelled to call In all note.
. of that denomination and issue other.
on a new plate The Reporter was al.
ways familiar feature of the BANKING
office. and placed within easy reach O
I the teiler for frequent reference
1t was in the furnishings and fitting
:. of the banking office that the contras
between then and now was NOR
marked than in any other respect. TIL
. office was generally in cheap and or
binary one-story frame structure o
, slight construction Inside, modes
: pine or lack walnut counter fenced tn
2 bank proper from the outside public.
9 cheap standing desk and a table OF Tx
! quality. With big coal stove and on
e or two chairs. comprised the furn;tur
behind the counter. There were n
4 lelaborate plate-glass or wire screens. q
other eleeancies of the modern bankin
e house nor private rooms in which /
a Withdraw and hold business confer
: ences-those had to be attended TO b
i. retiring tothe cordner Of the office mos
$, Iremote from the counter. There was