Q. Explain the phrase "cash credits," and upon what conditions are they given?
A. A "cash credit" is a credit allowed, in virtue of which a customer may draw cheques on the bank until the balance due to us reaches a certain fixed limit. The account is an ordinary operative one, and interest is charged on the balances actually due to the bank from day to day.
Q. Have you in mind how many branches you had ten years ago?
A. One hundred and twenty.
Q. Do you ever buy any shares of railroad or industrial companies?
A. Yes; of the highest class.
Q. Do you ever own bank shares?
A. No.