La Junta tribune., 1916-08-05
BOOKKEEPING BY MACHINE.
First National Bank lnstalls Woa.
derful Machine-Adtis. Sub
tracts, Keeps Books.

The First National Bank has Just
installed machine that will actually
keep books. The Burroughs Adding
Subtracting Machine is the name OF
this mechanical bookkeeper and it
will be used for making entries to
the banks ledgers and writing up
depositors statements.
To understand best what this ma
chine means to busy bank one
must see 1t in actual operation. A
great number of checks naturally
must pass through the regular chan
nels. A record must be made of
each one and the account of each de-
positor must be handled separately
and accurately.
Before the advent of the machine.
the detail work of entering amounts
in the ledger and making out deposit
tors statements was a tiresome and
uncertain task. All checks had to be
listed separately and added up by
hand. All deposits had to be listed
and added and their total combined
with the customers old balance.
when that was done the total of all
checks had to be deducted from the
sum of old balance and deposits to
determine the new balance.
With the new Burroughs, this
work is all done mechanically. eK-
cept the actual setting down of the
figures on the keyboard. And the
balancing of an account. from the old
balance on through checks and de-
posits to new balance. is virtually
handled in one operation.
The operator first feeds the GUS
toners old balance into the ma
chine. Then he sets down the
amount of each check; enters the
amount of the deposit; and. after
taking a spacing stroke, depresses
the operating bar with the total key
down and the correct new balance Is
automatically computed and printed
in the right hand column. The ma
chine also automatically prints the
dates opposite each list OF checks aud
deposits. and without any attention
from the operator, sets each In the
column in which II belongs.
Another thing II does is to detect
overdrafts instantly. whether the
operator notices them or not. When
the checks exceed the deposits and
the old balance. the machine auto
matically locks and no results can be-
obtained until the lever controlling
the internal mechanism Is placed in
the subtract" position. when the ov-
erdraft Is printed In the proper col
umn with an "OD" sign in red ink
With the use OF the machine. the
First National Banks books are
kept more neatly. accurately and ef-
ficiently than they could possibly be
kept by hand. The machine meth
cd cuts out unnecessary labor and
eliminates mistakes.
In addition to posting the ledgers.
the Burroughs makes out monthly
statements for depositors. Each
statement shows all the checks and
deposits OF the customer. together
with the balance he has In the bank
at the end OF the month. Under this
system each customers account is
kept balanced all the time and
statement is ready for him at tho
end OF the month. or ut any time hs
wants II. on five minutes notice.
Moreover. he does not have to bother
with bringing In his pass book TO be
balanced. Being made on the ma
chine and checked back with the
ledger sheets OF which they are an
exact dupiicate-the statements Will
OF course be absolutely accurate.
This system Is similar to that nov
In use In the most progressive banks
In the country and marks another
step In First National Banks effort
to give the most complete and salts.
IN cfa fary saryiea IN d.oositar.