The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1906-03-28
MACHINERY On
IAOD }. !. | BANKING 4 I {
uP:To:pATE GAL itNsTITu.
lions OPT Al KINDS or
lsAsoR.sAvIfio DEVICES 4
ANpjNEyiE BUSINESS
METHODS:

Twentieth century bankers are oy,
turning all the traditions other call.
Ing. Ike the minister WHO introduced
brass instruments into church music,
the banker who adopted new bust
ness methods, new office Inventions.
new advertising schemes, was a few
years ago looked upon as unsafe 2
Tradition made conversation, which
often spelled nprogressiyeaess, syn
onymous with reliability.
Now banks keep up with the march
Of invention and progressive business
system as closely ASIDE the railroads or
the great manufacturing plants. And
ninety-nine people out of a hundred
prefer the gosahead institutions.
Bankers realize that trade meth.
DDS must be applied to their business.
This is the reason why you find bank
ing institutions using the most up-to-
date means Of trade getting, follow
ing the newest publicity methods and
adopting the most modern time saw
ing office Inventions" H. A. David
son, secretary Of the Home Trust Co.
Of New York, and one of the organi-
GERS Of the new Banking Publicity AS
ISOLATION, made this statement.
certidcatton by Wire.
ITO get an idea of what near"
said Mr.. Davidson, look at this in
strument which records at the receiv-
ing station written messages from the
sending instrument. The paying tel
Ter Of the bank may write upon the
recording pad in front of him the
name and amount of a checkto be GER
tilted. His writing appears at the
desk of bookkeeper, a signal being
given to attract the latter's attention.
The bookkeeper reads the message,
carries out the Instructions, and com
municates to the paying teller, by
writing on his own pad, the fact that
the transaction Is o. x. In this way
secrecy, absolute quiet, accuracy and
speed are secured.
1.-THE telephone was one Of the first
pieces Of machinery introduced into
banking, but lately its use has been
extended to a degree not thought of
a few years ago. I know Of banks
which hive as many as forty different
people in touch with the executive
officers Of the bank, correspondents
and customers. Transactions are car
RED through and financial arrange
ments Of every imaginable kind are
made by means OF telephone commun-
Ication, and the actcual participants
may never see each other at all.
after the telephone the next i'm.
portnt laborsaving device to appear
was the adding machine or arIthmom,
eter. To the animated the workings
Of tLis mochIne seen little short Of
marvellous. Its use has become so gen
eral in the banking business that It
Is an exception when this recaanical
clerk Is not seen. 1t fills the place Of
at least two clerks, Is always ready.
always quick and always accrrute.
Banks in the large cities have for
their customers and correspondents
houses and institutions in all parts Of
the country. This business, Is most de-
slrable, and In the natural course of
events, is solicited by correspondence.
The importance Of this department Of
the banks activities requires special
appliances, and we find the typewriter
becoming a great feature. AS 30 many
letters Of one form are sent out, In
genlous duplicating machines are call.
cd into play Some Of these are IA.
miliar fixtures Of every wellequIppel
Office.
Every Bank Its Own Printer.