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— 106 —

If I had any advice to give, it would be not to cash

any checks whatever, if it is possible to avoid doing so.

Where there is a large number of checks cashed, there

I*® some trouble, if not actual loss, connected with

the collections. In cashing checks, you should also

have your wits about you, be as calm and collected as

a bank official, examine the check, back and front,

and see that it is perfectly drawn. Do not keep checks

in your possession a minute longer than possible, but

nnmediately place them in your bank, with your en-

orsement, for collection. By neglecting to do so, you

may lose from no other reason than the failure of the

parties drawing the checks or the banks upon which

1 drawn, for if you do not deposit at once the

law holds that you gave the maker a stipulated time,

an you will not have the benefit of an ordinary claim

against your debtors.

Another important point is the common but exceed-

ing y wrong habit of letting customers have blank

ecKs. J-t IS best notto do so under anycircumstances

in ess you know perfectly well the one asking the favor

+

is how the rogue gets an oppor-

iini ytoforge both the body and signature of a check,

aving the right form and knowing where the party

e in ends to defraud deposits. I do not pretend to

know all about banking formulas and arrangements,

111

1

experience with checks, because in one

i!^ T

$5,000,000 worth passed

S my hands in the course of a number of years.

It is also well, in our line of business, to decline to

lena cash money to customers, no matter whether an

1- u. u., a due bill, or security, such as a watch, dia-

monds, etc., are offered. If a man wants to lose his

trade, all he has to do is to loan some of his custom

ers cash, and then he need not wonder why they remain

away though some of his other patrons may. It is

not alone the sum ofmoney you may lose, but also the