The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1906-04-14

can enter ner money on the Slip bAo
have 1t ready to be handed in immedi-
ately on reaching the bank. 1t is al
ways best to call early at a bank. for
there is an accumulation of business
near the closing hours.
"You state that most banks have de-
post slips that are handed in with
the money. OF what value are they?
My bank Is a small one and does not
use them. Could I rake one out and
hand in?"-Business Woman.
Yes, you can make a slip out, ahx.
ing your name, the date and the
amount of checks, bills and silver that
you deposit. Here is an instance On
the value of a deposit slip. A we'll
known woman, on a certain Jay, de-
posted a sum in checks and mt,ney In
her bank. Unfortunately she was
careless enough to leave her bank book
at home and when she obtained it la
ter, after the monthly "write-up," nc
record of this transaction appeared.
She at once notified the bank and q
search revealed the fact that they had
her deposit slip properly made out but
had credited the money to another par
ty of the same surname. The mistake
was rectiied at once, with pfofuse
apologies, but it serves as an instance
to show how mistakes al happen even
in the best banks, ard how depositors
should be particular to use the slips
and, when possible, have the entry
made at once ON the pass book.
81 had a check sem me by a mar
who owed me. | deposited it in my
bank and later the mans check was
returned, as he had no funds In his
bank. My bank had in the meanwhile
credited me with the amount and
wrote to me to make it good. How
can l do is?'-Ignorance.
There are two ways in which your
bank can be paid back. The bank can
charge the amount of the dishOnOred
check against you, or you can give the
bank a check for the amount. At any
rate the bank will demand a refund.
and il is right that 1t should, for in.
stead of waiting to ascertain If the
check were good, they accommodated
you by entering the amount to your
credit. The d~ishonoring of a check is
an injury to the drawer and hurts his
reputation as a man of honor and in.
tegrlty.
please give me an instance OF The
value of paying a bill by a check
Would-be Business Woman.
l owe Thomas Grey five dollars. ]
have a bank account and so | write a
check on my bank for five dollars
made out in the name of Thomas Grey
and sign my name and the date
Thomas Grey presents this at the bank
and receives his. money. Later, | re-
ceive the cancelled check as proof that
the none has been paid and a record
of the withdrawal Of five dollars ap
pears on my pass book.
What is meant by indorsing q
check Gin blank ?"--Mrs. A. L. NJ.
A check Endorsed lin blank" is one
which bears on it's back the name OF
the person to whom 1t is made out. IL
such a cast the holder can write ABOVE
the name of the endorser the words
PAY to the order of (herself)." The
check cannot then be drawn by any
one but the proper person. To illus
trate: Mary l.. Brown has a CHECK
which was given her by Dorothy Con
dit, whose name appears on the face
and back of the check. She is afraid
she may lose it, in which case anyone
can draw it. SO she writes over DOro
thy Condit's signature or the back
PAY to the order of Mary l.. Brown
She then knows that nc one can draw
the check unles she signs her name
beneath that of Dorothy Condit. II
case Mary L. Brown wishes to turn
the check over to some one, says Alice
SanbOrn, she writes under the Other
Endorsements, PAY 10 the order Of
Alice Sanborn," and signs her name
Mary l.. Brown.
Copyright, 1906, by Joseph B. Bowles.)