Shenandoah herald. [volume] (Woodstock, Va.) 1865-1974, 1917-09-07
MACHINE INSTALLED
AS BANK bOOkxE.EPER,

The Shenandoah National Bani
has just installed . machine that will
actually keep books. The Burrougha
Adding Substracting Machine 10 the
name OF this mechanical bookkeeper
and 1t will be used for making entries
to the banks ledgers and writing up
depositors' statements.
To understand hest what this ma
chine means to busy bank one must
see 1t In actual operation. A great
number Of checks naturally come into
the bank daily and each must pass
through the regular channels. A re-
cord must be made of each one and
the account OF each deposition 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.
W hen that was done the total OF all
checks had to I've deducted from the
sum OF old balance and deposits to
determine the new balance.
GREAT LABOR-SAvER.
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 machine.
Then he sets down the amount of each
check enters the amount of the de.
post and, after taking a spacing
stroke, depresses the operating bar
with the total key down and the cor
rect new balance 10 automatically
computed and printed in the right
hand column. The machine also
automatically prints the dates oppo.
site each list of checks and deposits,
and without any attention from the
operator, sets each in the column in
which 1t belongs.
Another thing it does is to detect
overdrafts instantly, whether the OPP
orator notices them or not. When the
checks exceed the deposits and the
old balance, the machine automatic.
ally locks and no results can be OBJ
tanned until the lever controlling the
internal mechanism 10 placed in the
subtract" position, when the over
draft is printed in the proper column
with an "OD" sign in red ink.
With the use Of the machine, the
National Banks books
are kept more neatly, accurately and
efficiently than they could possibly be
kept by hand. The machine method
cats 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 state.
ment is ready for him at the end Of
the month, or at any time he wants it,
90 five minutes notice. Moreover,
he does not have to bother with bring
ing in his pass book to be balanced.
Being made on the machine and check
ed back with the ledger sheets-of
which they are an exact duplicate
the statements will of course be alb
accurate.
This system is similar to that now
in use in the most progressive banks
In the country and marks another
step in the Shenandoah National
Banks effort to give the most COM
plete and satisfactory service to de-
positors.