The author in a short chapter tells us how and why the joint-stock bank came to dwell among us. Then he plunges into his subject—the Guide for the Customer. The chapter on the cheque and its various crossings is admirable. I only wish that the clients of my own bank would read every word of it, and save the time of our cashiers.
He who keeps his account in credit is told much that he ought to know; the depositor is shown how to check his interest; the borrower how to negotiate a loan or advance; and everybody is told the manner in which he may easily check the charges debited in his pass-book. Speaking for my own bank, I do not care who makes use of this clearly-put information. Let our clients obtain the book by all means. We shall then be spared the trouble of answering a host of stupid questions during the busiest parts of the year.
Touching upon “unclaimed balances,” I am of the opinion that the public can be very well trusted to look after its own interests; and after glancing through my own ledgers I think that these unclaimed sums would not amount, in the aggregate, to a really large figure. Most of these dormant balances are insignificant.
As to the pay of bank-men, I do not feel justified in expressing an opinion, beyond asserting that the wants of a bank-clerk are small. My advice to the customer is—“read the book.”
“CITY MANAGER.”
[CONTENTS]
| CHAP. | PAGE | |
|---|---|---|
| Preface | [v] | |
| I | Banking Evolution | [1] |
| II | On the Choice of a Banker | [13] |
| III | The Cheque and its Various Crossings | [19] |
| IV | Credit-Account Customers | [38] |
| V | Deposit-Receipt Customers | [45] |
| VI | The Bank Rate in Relation to Bankers’ Charges | [61] |
| VII | Loans and Advances in London | [68] |
| VIII | Overdrafts in the Country | [75] |
| IX | How to Check Bankers’ Charges | [89] |
| X | Bills, Coupons, Foreign Drafts, etc. | [102] |
| XI | Unclaimed Balances | [110] |
| XII | Bank Shares | [117] |
| XIII | The Pay of Bank-Clerks | [128] |