BANKS AND BANKING


During a financial panic, a German farmer went to a bank for some money.
He was told that the bank was not paying out money, but was using
cashier's checks. He could not understand this, and insisted on money.

The officers took him in hand, one after another, with little effect. At
last the president tried his hand, and after long and minute
explanation, some inkling of the situation seemed to be dawning on the
farmer's mind. Much encouraged, the president said: "You understand now
how it is, don't you, Mr.. Schmidt?"

"I t'ink I do," admitted Mr. Schmidt. "It's like dis, aindt it? Ven my
baby vakes up at night and vants some milk, I gif him a milk ticket."


She advanced to the paying teller's window and, handing in a check for
fifty dollars, stated that it was a birthday present from her husband
and asked for payment. The teller informed her that she must first
endorse it.

"I don't know what you mean," she said hesitatingly.

"Why, you see," he explained, "you must write your name on the back, so
that when we return the check to your husband, he will know we have paid
you the money."