The Richmond Virginian. (Richmond, Va.) 1910-1920, 1917-07-29
The Cheque
The Last Word i'm Bank Service.

The budget cheque system is so
wonders how the years have rolled
by without such a plan having been
Iinaugurated before.
1t is good for everyone concerned
and so is a great advantage to a COM
munity. 1t is a convenience and an
economy for the customer. for the
merchant, and for the bank
The budget cheQue book In not TO
be carried in the pocket nor the hand
bag 1t is a neat affair about nine by
ten inches in size. 1t contains twenty
ichecks. twenty bank addressed en-
velopes. folder in which to file the
returned checks. and an index of the
leading business firms that carry
charge accounts.
The budget index Is unique, It re
minds one OF telephone directory.
since every name is provided with a
number. which is used In place OF the
name. If YOU wish to telephone rhe
Chesapeake and Potomac Telephone
Company of Virginia. YOU call for
Randolph 5000. In the same way,
when you wish to send them a remit
lance. you designate them as C-G6
The back Of the index has linea for
the bank. OF his own list of the firms
TO whom he regularly sends checks.
The number need never be sought
more than once.
You are supposed TO pay your
monthly bills all at one time. The
budget Cheque and the stub each con-
tain thirty lines for as many names
and amounts, II a check is due a firm
not listed in the index. the fun name
and address "a
The budget cheque Is really an or
der on the bank to remit to the
parties designated by budget index
numbers and by names as listed he .
low, the amounts "a listed and deduct
the total from my account"
Such a check can be prepared in
ten minutes, whereas It takes an hcv
or more to drew thirty separate
checks.
The fee Of ten cents per bulge
cheque for the service Of the bank
Is far over balanced by the postag
saved on the checks to local Arms
In case OF remfttances 10 firms or
individuals not included In the bud
get index. an amount covering the
postage is added TO the sum total
The returned check Is collec-
tive receipt for the hills paid One
stub, one balance to carry forward
and gives YOU a condensed record Of
your expenditures Twelve returned
checks contain the record OF your
years disbursements.
You add one list OF payments In
steal Of bringing forward numerous
balances. You cannot enclose checks
in the wrong envelopes. as there Is
but one OF each.
The merchant instead OF receivinl
vr,fu 70
throughout the month receives
draft from the bank at regular in
teFFals,-~ith- liss of patrons and
the amount paid by each. He hs>
no receipts tn STAN p sign and return.
We might assume that the number
% checks written each r4pnth by the
average depos'tor Of bank is IF
teen. Then, for each checking ac-
cof'ut tho bank handles fifteen
checks hfteen ledger items. and ff-
teen statement items. when. with the
hudret cherrfe e'sten1. there 10 but
90 NJ each The average number
- hnd~ot ledger i'n-,s Is fifteen fo~
% - ch~~lir- account and there are
two +Nrec hrfpet rer1'ttaoces each
month *0r +Na ~uei~e~s firms fnc'u1-
~ ~ tho Nudeet irdev
~~ha Nl5ar sna1lEr~ f-r tha wNrf
y, ~~ua - -s+ai-os % .N7+ 40 te-~1
-'-7,---~ ---''' a'wavs 10 aasn-
-t-->+ ---t-', No-l-
--t,o ,-,-a~o+ ~her.,e s.-~Ao->, &c % ~~~-
--o-ta-, 90 ~-' - e~0~o~-'- F0~ ~ COW
>o~-eE r.'~ Woo -hor'S rno id'v be-