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Updated: May 20, 2025
If the Bank cannot pay the notes when demanded the whole machinery stops." Quite so. The notion that the holder of a Bank of England note has now a stronger hold over the Bank's gold than the depositor seems to be baseless. He can exercise his hold more quickly perhaps, though even this is doubtful.
On one of these occasions Mr. Tarbox accompanied him to the door. "And now ez everything is settled and in order, Mr. Brice, and ef you should be wantin' to say anything about it to your bosses at the office, ye may mention MY name ez Flo Dimwood's second cousin, and say I'm a depositor in their bank.
Go and see him by all means and tell him everything. Talk just as you would to me. One of the best men in the Street. Not a crooked hair on his head, Jack. Well well this does look like business." "Pardon me, sir, one minute, if you please " interpolated Peter to an insistent depositor whom Jack in his impatience had crowded out.
His books, which he kept himself, grew spotted and dirty, and day by day in the early spring the general dreaded lest some depositor would come into the bank and call for a sum in cash so large that it would take the cash supply below the legal limit, and that an inspector would suddenly appear again and discover the deficiency. Except Barclay the other directors knew nothing of the situation.
Take care that you do not overdraw. Keep your own record of your own money. In the Commercial banks of our large cities no interest is allowed, nor could it be easily calculated where a score of deposits may be made in a week and a hundred checks drawn in a day. The depositor in such a bank is free to check out his funds as he pleases.
The delight visible upon his anxious and serious face at the disappearance of the letter, and the apparent proof that it had been called for, showed him to have been its original depositor, and probably awakened a remorseful recollection in the dark bosom of the omnipresent crow, who uttered a conscious-stricken croak from the bough above him.
On the other hand, it would give to the Government no greater security, for in case of failure the claim of the note holder would be no better than that of a depositor. I am aware that the danger of inconvenience to the public and unreasonable pressure upon sound banks have been urged as objections to requiring the payment of the revenue in gold and silver.
For Stacy's new banking-house had long since received the epithet of "palatial" from an enthusiastic local press fresh from the "opening" luncheon in its richly decorated directors' rooms, and it was said that once a homely would-be depositor from One Horse Gulch was so cowed by its magnificence that his heart failed him at the last moment, and mumbling an apology to the elegant receiving teller, fled with his greasy chamois pouch of gold-dust to deposit his treasure in the dingy Mint around the corner.
If a depositor withdraws his money before the day when interest is due, he forfeits the interest. But banks vary as to that. Every depositor is given a book in which the teller or cashier credits him on the left-hand side with the amount deposited. Other deposits are treated in the same way, and at proper times, if interest is allowed, it is added as a deposit.
The wishes of a depositor who brings much gold bullion to a bank can hardly be ignored. "Come on out and have some soda," invited Tom, and when Ned looked inquiringly at the president, the latter nodded an assent. As the two lads were crossing the street to a drug store, something whizzed past them, nearly running them down. "What sort of an auto was that?" cried Tom. "That?
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