The Evening statesman. [volume] (Walla Walla, Wash.) 1903-1910, 1906-04-25
New Departure In Banking Business
In New York.
CHECKS TO Be CAsHED At ALL HOURS
NEW INSTITUTION WILL HAVE
TWO SETS OF EMPLOYEES TO
HANDLE BUSINESS.

| NEW YORK. April 25.-After May !
the sad story of the millionaire wan
dering penniless about the streets OF
New York with checks and drafts
for thousands in his pockets can not
be repeated. On that date the first
bank open all day and all night for th,.
receipt or payment of money will be-
gin business on the corner of Fifth
avenue and Forty-fourth street, flank
ed on one side by Sherry's, on the 9TH
err by Delmonico's, and within a few
blocks of a dozen clubs and all of the
largest hotels.
Instead of the traditional Banking
Hours from 10 to g." the Night and
Day banks sign will read Never
Closed Three shifts of clerks, each
working eight hours, will make finan-
cial transactions at o'clock in the
morning as easy as they are at In
the afternoon.
The man who forgot to cash a
check" who has "gone broke" in the
course of the evening, or the visitor
who has been repulsed by some heart
less hotel clerk, providing he has had
the forethought to have an account in
the Night and Day bank, can walk
around tho oorpar from tho Grand Gan.
trail station any hour of the night and
find a bank where there is no such a
thing as latter hours
Visitors Checks Cashed at All Hours.
Banks all over the country will have
visitors money order blanks, or checks
on the Night and Day bank for the
convenience of travellers to or through
New York. These checks carry their
own Identification with them, so there
is no difficulty on that score. The
whole country has been divided into
six sections, the checks for ecah Sec
ton being of a different color, and
each bank having it's own serial num-
Der in order to facilitate quick refer
ences from whatever point the draft
may be presented. After May 1 about
1000 banks distributed throughout ev-
cry state in the Union will be able to
supply New York drafts on which cash
can be obtained at any hour and with
out compelling the holder to go|
through a ceremony of personal identi-
fication which might be embarrassing
if it had to be accomplished during the
small hours of the morning.
Charles T. Barney, O. H. P. Belmont,
E. H. Hartman, Oakleigh Thorne, P.
A. B. Widener and Ex-Governor My
ron T. Herrick are some of the repre-
sentative names on the banks board of
directors Naturally, men of this stamp
resent the idea that it has been plan
ned to cater to the demands of wide
OPEN town. The bank is organized on
lines of the strictest conservatism, and
will earnestly seek to consult the con-
venience of the public instead of ask
ing the public to accommodate itself
to the convenience Of the bank.
Late arrival of trains, sudden call
out of the city, accident, illness, and
the hundred and one contingencies
that make it necessary to have money
at short notice and without regard to
the time of day, are some Of the rea-
sons for it's existence. Then there are
the residents of the city who require
funds in emergencies, and the mer-
chants who make heavy collections af-
ter o'clock-they will find it conven-
lent to have a bank open not only all
day, but all night as well.