The Morgan City daily review. (Morgan City, La.) 1916-1920, 1916-09-26
MACHINE INSTALLED
AS BANK BOOKKEEPER

The Bank Of Morgan City have
iuse installed q 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 en-
tries to the banks ledgcrs and writ
ing up deposits statements.
To understand best what this
machine means to a busy bank one
must see it in actual operation. A
great number Of checks naturally
comes into the bank daily and each
must pass through the regular chan
nels. A record must be made Of cac"
one and the account of each deposi
tor must be handled separately and
accurately.
Before the advent of the MACH
the ID work Of entering amounts
in the ledger and making out deposit
tors statements was Il tiresome and
uncertain task. All checks hsd to be
listed separately and added up by
hand. All deposits had to be listed
and added up by hand and their to-
tails combined with the customers
Old balance. yvha- +h"t was dove tho
total of all checks had to be deduct
cd from the SUM Of old balance arr
d>sits to determine the new bal
ance.
Great Labor-Savor ;. ;.
With the new Burroughs, this
work is all done mechanically,
except the actual setting down of
the figures on the keyboard. And
the balancing of an account, from
old balance on through checks and
deposits to new balance, is virtually
handled in one operation.
The operator first feeds the Gus
toner's old balance into the mach
inc. Then he sets down the amount
Of each check; enters the amount Of
the deposits; and, after taking a
spacing stroke, depresses the opera
ting bar with the key down and the
correct new balance is automatical-
~ computed and printed in the
right hand column. The machine
also automatically prints the dates
opposite each list of checks and de-
posts and without any attention
from the operator, sets each in the
column in which it belongs.
Another thing it does 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 controll-
ing the internal mechanism is placed
in the "substract" position when the
overdraft is printed in the proper
column with the "OD" sign in red
ink.
With the use of the machine, the
Bank Of Morgan City books are
kept more neatly, possibly than kept
BY hand. The machine method cuts
out unnecessary labor and elimi-
mates mistakes.
Accounts Stay Balanced
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 a
statement is ready for him at the
end Of the month, or at any time he
wants it, on five minutes notice.
Moreover, he does not have to both |
er with the bringing in his pass book
to be balanced. Being made on the
machine and checked back with the
ledger sheets-of with they are an
exact duplicate-the statement Of
course will be absolutely accurate.
This system is similar to that now
in use in the most progressive banks
in the country and marks another !
step in the effort of the bank Of
Morgan City to give the most COM |
plete and satisfactory service to
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