OTHER RECORDS
Never mix up another's accounts with your own.
John Smith, treasurer of some church, society, or club, is a different person before the law from John Smith, the trader or mechanic.
Funds not your own, and which may be added to or decreased from time to time, as in the case of a society, say like the Odd Fellows, should be kept in the bank not as John Smith's but as the funds of "John Smith, Treasurer of Washington Lodge 110, Independent Order of Odd Fellows," or whatever the name of the society, club, or church may be.
In the same way, "a treasurer's book" should be kept and all the receipts and expenditures carefully recorded.
COPIES
If a business proposition is made to another by mail, or if you hand another in writing your proposition as to a certain contract you are willing to undertake, for the consideration named, be sure to keep a copy of the letter or contract; such a precaution may save trouble.
CHAPTER VIII
AS TO BANKS
No instrument of trade has done so much or is more essential to the safe and progressive business of the world today than the bank.