The Montgomery advertiser., 1907-02-24

the sisner three extra days to pay in before his note can be considered dls- honored If not paid at the expiration of that time the indorser, If any can be legally notified. that be Is holden. Ths advisability of taking stocks for securi- " depends entirely upon their value and safety. This can on.y be ascer- tained by investigation. well known banker advises that when stocks are taken as security, the concern issuing them should be notified that the stock has been accepted for securi y. how many shares are held and the number of the certificates.
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 T borrowed money at my bank. giv- ing good security. The note has be- come due and I cannot meet it. Can you advise me what to do?"--A Milli- ner.
 Better go to your bank and ask them 70 renew the note. Unless the co,iat- eral has deter 'orated in value they VIII probably do this, rather than to sue and collect or sell the colleteral at higher bank will be willing you should do, af- ter consulting hem. If the note Is in- dorsed the indorser should be consulted at once. for the bank will certainly mo- tify him and 1t Is better for you to go to him than to wait for him to enquire of you.
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 T am contemplating business prop osition, but do not like to enter into 1t without knowing something of the re- sponsibiity and financial standing # he other party. How can I obtain this?"-A Woman Fiuancier.
 One of the best methods for deter mining the responsibility of person is to apply to a mercantile agency. These are formed for the purpose of iavesti- gating regarding the responsibility of persons. and their reports are usually accura and complete. They can tell you conccrning the former occupation, reputation and legal or financial re- sponsibllity of the person concernin 2 better way than to ask individuals who may be biased in favor of or against the person whose finaneial standing you de- sire to know about
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 Do you think 1t wiSe 0 carry an in- surance on household yoods? If so. can you give me suggestions regarding it?" A Woman Householder.
 Yes, by all means carry an insurance on your hous aho,d effects Of course, you will not take out an insurance for more than they are worth and once ta- ken out you must keep up thr insu- rance policy by renewed payments Pos- slpIy It VIII be wise 10 insure your plano and pictures separately. Por- traits can be insured for very little, as they are of no value except to the fam lily.
 $ $ $
 How can a savings bank pay inter- est, and why do they not pay a larger interest, if hey pay any at allg'- Would-Be Saver.
 As soon as your funds are deposited in savings bank they are inves ed with others In certain securities The law limits these investments to mort gages upon real estate. Uni ed States government bonds, State bonds, and, in some eases, nun cipal bonds. The list varies in different States, but in all the factor of the soundness of the securities Is taken into considera ion. The result Is that the bank keeps on hand merely enough money to meet ordinary ex- penses. In all extremity 1t may borrow. but to prevent run" or the sudden withdrawal of funds to a large exten i, the bank reserves the right of fro n thirty to sixty days notice. A bank can also. in an extremity, lock up the funds on It's savings side, if 1. is wise for their safe investment The time will probably be short, but as it may happen that some important business deal or note is to be met at just hat time 1t is wise for a wom4 n to deposit the amount needed for the investment with another kind of bank.