The Washington times., 1912-08-11

| especially desirable investment for sur
Plus funds, as the market for realizing
Ii tnere when the time comes
Octoper may be here before there is Q
feai re- ,be bevivsi % IN trade but II is predicted
the fall and winter months will show
a good business In the aggregate.
| tion of the American Bankers Associa.
uon convention at Detroit is at hand.
Discussions Of every banking form and
topic VIII be indulged In. Postmaster
General Hitchcock will discuss Postal
Savings Banks and the Banks" He
will probably be able to assure the
bankers that the postal savings system
has not cut much Ice In the banking
Joseph Talbert, vice president of the
National City Bank, win discuss THE
Fanetions aa OF Clearing House"
10 be a decidedly interesting paper
these days Of keen bank examiners.
Henry NJ. Bates, dean OF the University
George NJ Reynolds, OF the Continen-
| tal-Commercial, will attract an audi
ence when he speaks on the Money
ppTst bpser. es sSs Mr. Rsynad the
, which he is the head. knows.
The Savings Bank and the Compun-
ity,' is decidedly interesting subject,
which will be handled by John J. Pull
/ City. -0-T5 49,
The. program of entertainment is
convention ought to be Mecca to
bankers in September.
| After all the paying teller is a man
' who carries burden. The counter
check Is the thing that he must be on
guard whenever 1t is presented Checks
passing through the clearing house have
certain amount OF standing that over
4 the-counter checks never have.
Small checks do not attract as much
attention as large ones-the latter de-
mand the most careful scrunity, but all
| checks have to be closely Inspected
There Is usually reason for it's COM
, the check needs currency; has not bank
Ing facilities; questions, perhaps, the va
| lidity Of the check. and is relieving him
self OF doubt; may not care to make
ber of small bills to pay or be going
out OF town. Then there is the man
who wants the cash and has little right
to IT. the forged check, the maker Of
a worthless check, etc,
The paying teller must know the sig
| nature, must be careful OF the date,
manv checks being ante-dated, and the
maker has a risht to stop payment up
to the date thereof-up to the payment
itself; then he must assure himself rea-
sonably of the right Of the presenter
to the document and the validity OF
Endorsements. All these precautions are
necessary ana, as rule. are taken In
at glance, and usually In a suspicious
frame of mind. unless the presenter of
the check is well and favorably known,
when the conditions may be relaxed
little.
Having become satisfied of validitJ'
Of check signature, etc, there 10 then
the question Of the necessary funds"
for laying teller hates to be called
for overdrafts, especially where the
oyerdraft is against the rules.
With the accounts that are moving
every day with which the teller is fa-
miliar he will not be greatly bothered.
He comes to know them. The occasion
al check will bother much more. A
signature. genuine and good, will vary
greatly, and a teller be deceived fre.
whatever the man higher up should
be appealed to or the telephone used.
1t is a most useful and convenient de-
..orger and the fraud out of business.
No chances should be taken on any
check. large or small. On large checks
there should be much scrutiny. and hele
play most important part. 1t ic
worth while knowing about them
WIZ is 1t presented for the cash?
Why? That is an important question.
assistant at his call and beck. He will
be unable to clear the days business II
he has to look up many accounts.
especially on days when payrolls are
made up and each man at the window
may take up more than the usual
amount of time.
But the paying teller has another
hard fascinating the payments and
being always correct, always affabie
and good natured to a crowd that is
not always good natured itself.
He Is trusted: he is bonded; he is
one Of the importent men and he has
to be quick of eye and touch and UP to
the minute. The paying tellers cage Is
no place for any other kind Of a man.