4. The Kansas City Trust Company replies that it will accept the trust without remuneration. Write the letter.
5. The Portland bank informs the United States Commissioner of the Territory of Alaska of the disposition of the funds. Write the letter.
Exercise 304
Topics for Investigation and Discussion
1. The panic of 1907 and some of its lessons.
2. Future banking reform.
3. Government supervision of banks.
4. Unscrupulous banking companies.
5. Clearing house certificates.
6. Postal savings banks.
7. The work of the clearing house.
8. The need of banks in a community.
9. The development of real estate firms into banks.
10. The Owen Glass Currency Bill.
Exercise 305
Books that will Suggest Topics for Talks
Crocker, U. H., The Cause of Hard Times.
Fonda, Arthur J., Honest Money.
Gibbs, H. C., A Bimetallic Primer.
McAdams, Graham, An Alphabet in Finance.
Newcomb, Simon, The A B C of Finance.
Norton, S. F., Ten Men of Money Island, or The Primer of Finance.
Reeves, John, The Rothschilds: The Financial Rulers of Nations.
White, Horace, Money and Banking.
Exercise 306
Write the following from dictation:
1
The Daily Routine of the Clearing House
Each bank sends two clerks to the Clearing House: a delivering clerk and a settling clerk. There are three rows of seats running through the clearing room lengthwise, one in the center and one on each side parallel with it. The settling clerks occupy these seats and each one has a sufficient amount of desk room in front of him to do his work on, his space being separated from his neighbors' by a wire screen. The delivery clerks, with their packages of checks in separate envelopes, stand in the open space in front of the settling clerks. At two minutes before 10 o'clock the manager, whose station is an elevated open space at the extreme end of the room, strikes a bell.