Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1905-09-29
HOW TO HANDLE MONEY.
Useful information to People Without
Experience.

Useful information to People Without
Experience.
1t Is one of the odd characteristics
of man that he will listen to any one
whose text is how to acquire money,
while the instant the topic Is changed
to the still more pertinent proposition
of how to hold on to it he will not only
not listen but may become indignant
at the effrontery of the speaker.
At the same time many man comes
even how to take care of the material
currency over night. He doesn't know
a national bank note from silver GER
tificate. and the differences between a
personal check, a promissory note, and
a bank draft are so i'll defined and mud
died as to leave him guessing all along
the line of business.
Every day there are hundreds Of peo-
pie who can't understand why it is
that a bank other than the one on
which a check is drawn will refuse to
cash that check when the holder has
identified himself They are in the po-
sition of the woman in the old story
who was told by the paying teller Of
the bank that her account was over
drawn.
But how can that be?" she asked
blank checks left!"
Widows $3.50 Might Teach Lesson.
The other day in New York a wo-
man. a widow, with the savings of
lifetime distributed among several saw
ings banks at per cent interest, de-
cided to get the money all together and
bank which was paying per cent in
terest. She made the rounds Of the
banks one afternoon and drew from
them a total of $3.50 in cash, placing
the money in her bosom in single roll
at the last and starting for home, pre-
pared to justify the count that night
and deposit it in the per cent institu-
ton the next morning. AS general
proposition 1t was quite foolish enough
for her to have fixed upon a bank that
was paying one-fourth more interest
than the old, conservative institutions
were paying, especially In view Of the
fact that government bonds at per
cent are drawing premiums.
But she was doubly foolish to have
started home with as much money in
her possession, and she proved 1t when,
on reaching home, the roll of money
was not TO be found. But likewise she
was doubly fortunate when an honest
man and his wife found the money and
returned 1t to her few days later
without accepting a cent of reward.
Cashiers Check Costs Nothing.
From any one of the savings institu-
tions in which she had money the
woman might have got a cashiers
check for the amount Of her deposit,
and without a cent Of cost. In any
bank where she might have wanted to
deposit this paper 1t would have been
accepted at its face without charge for
collection. And in having the paper
drawn to her own order, even had 1t
been destroyed, or been lost and got
into the hands of a dishonest person,
she could not have lost because Of 1t.
There are times when a person needs
to draw from a bank some large sum
in cash. Had 1t been necessary for
man to draw money as this woman did
he would have been wise in asking for
money in the largest possible bills.
Eight $1,000 bills. one Of $500 deuomi-
nation. three 500 bills. and one Of $50
would have made the burden Of the
roll immensely less than this woman
found 1t In the packages that were
handed out to her. Even a $4,000 bill
might have been possible In this sum-
making the bulk almost infinitesimal
In drawing such a sum as this. how
ever, the man of the world would not
have done so at the end of "the line
outside the regular paying tellers Win
dow. Any bank, on request, would have
allowed the customer to come In behind
the ratings to receive such an amount,
and would have paid him in any de-
nominations possible.
Care Necessary In Drawing Money.
Under ordinary conditions in the
modern city bank, where a special po-
lice officer watches the line at the tell
ers' windows, the payee Of a check or
draft has protection while In the insti-
tuition The stranger who idles inside
Is called to account at once, yet 1t Is
possible for the pickpocket to see
enough to put him on the track Of the
indiscreet. Once, before the necessity
of the police watch had grown impera-
tive, a trick of the crook was to ap-
proach the unsuspecting customer, who
was verifying the count of money at
the window. He would drop bill of
considerable denomination on the
floor as he came up and apologizing for
the interruption would point the bill
to the payee as money that he had
dropped. When the unsuspecting GUS
toner stopped to pick up the currency,
the crook seized the roll from the win
dow and fed.
Once in Chicago years ago, the plan
failed to work. A young man messen-
ger from a La Sale street brokerage
firm was counting a package of bills at
the tellers window when the smooth
rogue came up and dropped a $50 bill
on the floor.
Il beg your pardon, sir" he said, gra-
ciously, you've dropped a bill on the
floor"
Without a word the messenger
glanced down for an instant, put
heavy shoe squarely on the gold certl-
ficate, and resumed his counting to
the end. using a pair Of hands which
looked as II they might clinch into Jim
Jeffries knots at the slightest provoca-
ton. The package from the teller was
even money. but the messenger was
500 ahead.
cashins Checks Is Dangerous.
Dnp,t oooapt q chank from onvhody