The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1917-02-23

II DdHk 10 nOnOf them and Keep vol
n account right, for there are 9th,
II Clarks. And aga in don't have you
y wife or some other member of tt
s family signing your name to checl
l. and expect the bank to cash the
S and still keep YOU protected. Whel
lever you train your banker to hone
any other signatures than your ow
as registered by you, you invite fore
p ers to fleece you with spuriou
checks.
r If there are several men workin
, in the bank, they handle differen
parts of the work, and when you G
in, try to decide for yourself whicl
one should handle your affair, an,
go to him with it direct. Some PEG
pie think they have to go to tn
head of the house with each trans
action, and they waste their owl
time and that of Others, by going tt
the one who knows the least abou
the item you wish to attend to.
i Honesty Isn't Money
| Banks loan money, and on thai
account the inexperienced person
sometimes gets the idea that any one
who is honest can barrow money by
Igiving note, without any security
A bank does not do this unless the
borrower is known to be a respons-
ible person in addition to being hon
est. For instance, if a man has con-
siderable property and is experienced
in business and is honest, he may
borrow some money on his note with
out security. But bank doesn t
loan man money to buy horse
or a. house and then take the horse
or the house for security. Not long
ago very fine young man took a
notion to go into business in Black
foot. and was talked into the notion
that he could make c. lot of money
by buying half interest in a GER
tain business. 1t was taking in, say
500 day, and he probably reasoned
that If he could buy half interest
for $4,000, that his share of the
daily income would be $50, and in
SO days he would have his money
back. He decided to go right to the
bank and borrow the amount and
buy in. The binker of course, re-
dorser. He went out and asked
good responsible friend to endorse
note with him for $4,000. The friend
thought at first that his request was
a joke, but on learning that he was
serious about it, he said, Say fellow;
you had better go and take bust
ness course" He was inexperienced,
did not realize how fast he might
lose money in business or that
house that takes in" 800 a day
may be spending every cent of it
for expenses, and that if he failed
as he surely would, his friend the
endorser would have to foot the bill,
and all the honesty and good inten-
lions he possessed would do no good
If his business was ruined or was
a losing proposition.
Bank Works For You
Banks do great deal of work for
which they receive slight considera-
ton. Many people start checking &C
counts when they are young and
never have a balan ce of more than
a few dollars to tn cir credit for so
much as month at time till they
reach middle life. Yet the bank |
handles their checks and does the
necessary bookkeeping, furnishes the
books and postage and actually ex-
Ponds considera BILE money taking
care of the account. If everybody
had big bank balances and left it
for months at time without draw
ing on it, banking would be easy,
FOR the banker could loan the GUS
,omer's money and collect the inter
est. But he has to have it at all
lines ready to cash the checks drawn
by the depOsitor, and that makes it
necessary to keep large part of the
deposits as a reserve for that pur-
pose. Some banks in the cities do
lot open checking account unless
he customer deposits $500 or 1000
md in that way they keep out the
title fellows whose accounts would
make it necessary to hire extra help
% take care of. The banks in Salt
lake City announced the first of the
present year that they would charge
30 cents month on each checking
account to cover part Of the cost of
and postage on checks
md statements, and that custom will
extend to our town later,
no nothing has been said about it
ret so far as we know
A Publisher. Talks
Operating newspaper consists of
loing great number of things
quickly and as correctly as possible,
nd then doing the next weeks work
cry much like 1t, but with ever
arying differences. Some of the
york is as simple as counting red
pples, and anybody can attend to it.
ome Of it requires close study and ,
of thought, with free
ON from Interruption If one per-
on has to do both kinds of work in
ne office, and has to wait on GUS
omers, answer the telephone, post
he books. write news and letters
nd prepare long articles that re-
uire study and preparation, that
erson has to be a genius or his work
ill be poorly done.
1t took the editor of this paper
he first 10 years of it's existence
} get the business and finances we'll
nough established SO he could en-
10y help in the office to handle it
, good advantage. People say the
aper is improving faster now, and
lose who work in The office know
,me good reasons why. The office
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