Year: 1873

ask you why don't you keep a banker |?
You say you have been in business several
years and have never kept one. OF course if
no bankers would take your account you could
not do otherwise; but now there are bankers
willing to take your account.


But you say you can do without banker.
Ofcourse you can. The question is not wheth-
erby any possibility you can do without bank
er, but whether you cannot do better with
oneg But you reply, it would not be worth
any bankers while to take your account.
That is for his consideration, not yours.


The question for you to decide is not wheth-
er your keeping a banker would be of use to
him, but whether it would be of use to your
self shall point out to you some of the
advantages. In the first place, by keeping a
banker your money will be lodged in place
of security. You have $50, or S1OO, or per-
haps $1,000 and upwards that you keep in
your own house. You lock it up at night.
and when you go out you carry it in your
pocket. Now you may lose this money out
of your pocket. Your house may be broken
into by thieves or the premises may take
fire and the money may be burnt But even
should you escape loss, you cannot escape
an1iety. When you have a little more mo ,ey
than usual, you have fears and apprehensons
lest some accident should occur.


Now you will avoid all this trouble by keep
Ing banker. Another advantage is the saw
ing of time. When you receive money you
will send it in lump to the bank; and when
you pay away money you will draw cheques
upon the bank. Now to. draw cheques takes


up much less time than counting out the
money that you have to pay and perhaps


sending out for change because you have not
the exact sum. Besides, you sometimes hold
notes, which when due you have to send Tor


payment. Now you can lodge these with your


banker, who will present them for you. And


when you accept drafts or Bills of Exchange


and make out notes you can ma >e tuem payab'e
at your bankers. Now in all these cases there


is great saving, and besides, your notes and
acceptances from being made payable at
bank will be more negotiable and more in de-
mand by lenders of money. Another advan-
tage of keeping banker is that it will be
check upon your accounts.


need not speak to you of the Importance
of correct accounts. Your bankers book
will be an authentic record OF your cash
| transactions. If you make mistake in your


books the bankers book will often lead to
detection of the error. IT you have paid
sum of money and the party denies having
received it you can reier to your bankers ac-
count and produce your cheque, which is as


good as a receipt. By means OF bankers
account YOU could trace your receipts aid
payments. even after a number of Yeas had
ELAPSED; and hence disputed accounts could
be readily adjusted, and error, arising from
forgetfuIness or oversight be speedily rectifed.
If YOU are in partnership, besides opening an
account with your banker in the name of the
firm you should open a private account for


yourself, that your personal affairs NAV he


kept separate from those of the partr ershin.


Or If you are in an extensive way of bust


ness and have large family it is advisable


that you open separate account in the name


OF your wife that your trade payments and your


nousehold expenses may not be mixed up


together in the same account. This is good


way OF ascertaining the exact amount of YOUR


family expenditure. If you are appointed ex-
ecutor or assignee to an estate or become
treasurer to public institution or charitable
society, open separate account with your
banker for this office and do not mix other
peoples money with your own. This will
prevent mistakes and confusion in your ac-
counts. There are many not in trade who
will be benefited by keeping a banker, such
as lawyers, physicians, clergymen and salaried