Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1903-05-09
ank Is, in many respects, analogous to

that which characterizes the modern
department store, with various depart
ments run by men thoroughly trained
for their specific duties by years Of in
telligent study and constant applica-
ton, but all subordinate to and CO.
operating with their superiors. The
modern bank Is a composite organi-
zation, embodying in a large degree
the more salient points Of the edpart-
ment store. In addition to retaining
the deposit and discount features II
has added credit department and in
formation bureau, registry and trans
fer department, foreign exchange and
purchase and sales. OF all these div:s
ions the credit branch Is, perhaps, the
most elaborate. 1t has become SO use
full that we all wonder how the banks
ever did business without it so long.
Nowadays when large loan Is
asked for or a customer desires infor-
nation respecting the standing Of q
certain corporation, firm or individual
the machinery Of the credit depart
nient is at once set in motion. There
data are within easy reach, having
been filed for ready reference, and
cover pretty much everything worth
knowing about concerns affairs
Being derived from Independent sourc-
es, the information Is much more
complete than that furnished by the
ordinary commercial report, and gives
a great deal that is of value concern
ing the subjects business career and
the enterprise with which he has beer
identified.
"Out Of town correspondents Of
large city banks do not hesitate to re-
quest an expression Of opinion as tt
the merits of various classes Of invest.
ments, and, while the judgment o.
some Of the higher officials may deter.
mine the selection or rejection of thu
same, the major portion Of the labor
in connection with such purchase ant
sales usually devolves upon the loar
department, in charge Of at least one
and in some cases two, assistant cash
iers. Clearly this increased service II
behalf Of the banks clientele has large
ly multiplied the labors Of the officers
thus necessitating a broader division
of labor, with consequent increase II
the number Of official subordinates
Then, too, within the last decade, tn
number of state and territorial bank
ers' conventions have multiplied man.
fold.
1.-The larger banks, whose bushes
embraces practically the entire cour
try, have found it highly advantage
GUS to have a representative at sucl
gatherings, to the mutual profit o
themselves and their customers. At
tendance upon these conventions (hel'
in different sections of the country
by the higher officers Of our large
financial institutions, is frequently i'm
practicable, and on the other hand, tn
best interests Of the institution canno
be attained through the presence Of
clerical subordinate, SO that the ser
i
vices Of an assistant cashier are fire.
quently availed Of in this comparative
ly new field Of bank endeavor.
1.-The position Of assistant cashie
Is in the nature Of an understudy t.
the higher officials Of a bank, and thi
early and efficient training in the Off
cial rank serves to provide valuable
material when needed. The assistan
cashier who has. during his probation
ary period, proved himself loyal to hi
superiors, practical and resourceful II
his methods Is reasonably we'll equip
ped for higher administrative duties
and will prove himself in most cases
think, an effective colleague to hi
superiors." York Evening Post.