The Oskaloosa herald., 1917-03-08
BANKS AND BANKING
SOME SUGGESTIONS PRESENTED
TO THE PUBLIC.
Compiled BY Local Institutions and
Given Circulation During the
Fall Festival.

During the 1916 Fall Festival in
Oskaloosa the Banks of Mahaska coun.
ty put on an interesting exhibit, and
united in issuing the following sug.
gestions to patrons and to the public;
To Open an Account.
The first step to be taken prelim.
mary to opening bank account is "a
call at the bank and make yourself
known to some of the officials The
service they offer you regarding its
accounts will then be fully explained
The teller who takes your first de
post gives you a pass.book, the credit
entries on which will always be made
by responsible officer of the bank
and win be your receipt for various
Sums deposited. hliE -
The pass-book, while kept by the
customer, is really the property Of
the bank and nothing should be writ
ten in it by the depositor. ~
At the time of opening an account
your signature will be taken on card
kept for that purpose, and all subse
quent signatures and endorsements by
you should be written precisely the
same to avoid confusion ~
How to Make Out Deosit Slip.
The blank deposit slips given b.
the bank should always be filed ou
by the depositor and proved by the
teller. This saves both your time
and the banks. Enter cash on tickle
according to specifications and list
each draft, check or other pape1
separately, seeing that all items arr
properly endorsed according to thei
face. 1a@"1.'S. f'.t' t'@'
After presenting your pass book ant
deposit slip to the teller, examine you
book to see that the proper amoun
has been entered ""e ~
Do You Write Your Checks
by commencing to write the amour
(both figures and written amount) a
far to the left as possible, so tina
nothing can be inserted before it i
not, you should
Fill up the space remaining with ;
heavy line so that nothing can be add
ed after the amount. Write all fis
ures plainly and see that the writer
amount corresponds to the figures
A check written with a common
lead pencil is legal, but also danger
Gus as it tenders the check easily sus
ceptible to alterations. The supreme
court of the United States says:
The maker of check is obliget
to use due diligence in protecting it
the omission to use the most effectua
protection against alteration is evi
dence of neglect which renders hin
responsible for the fraudulent amour
the bank being responsible only TO
the genuineness of the signature ant
ordinary care in paying the check. -"
For further information ask you
banker.
49,. What Is Red Ink. e.. . 49,.
AS used in banking sense it means
an overdrawn account and an over
drawn account, and an overdrawn &C
count never creates a favorable i'm
preston with your banker for seVera
reasons.
LIST 1t is prohibited by law, and il
so doing you are asking him to do a,
act forbidden by the banking depart
ments. They look upon the act a,
extremely careless and unbusiness
like, if not actually dangerous practict
and in fact, hold the maker of thu
check a party to the wrongful act.
The following extract from lette
written by an old time banker hit
the nail on the head .s,.. p.
when you check for more than il
to your credit in the bank, without
having reviously arranged for thu
privilege, you have in reality forcet
the banker to loan you money wheth
err he cared to or not. 1t might be III
had none to loan. How would yol
feel If in your absence the banke'
came to your place of business ami
took what he wished, later offerint
to pay by cash or note, when persap'
the article was not even for sale"
For further information ask YOU
banker
%r'' Borrowing at the Bank
Lending money is the one important
function of the bank One definition
OF banker is IAN institution tina
manufactures credit" But in the man
ufacturing Of credit it must exercise
great care, for it is strictly account
able to its depositors for their bal
ances and any lack of care, in max
ing loans, would be likely to put the
bank into an unsound condition.
One of the first and most necessary
rules of the bank is that the loans
must be made upon security that |;
considered sound; so do not feel thai
your integrity is being questioned il
you are asked to meet certain condi
tions in order to obtain credit. Every
borrower should help in maintaining
public confidence in banking institu
lions. Nothing impairs public conf
dence like the knowledge of unsound
loans being held. - n
Your banker Is entitled to know