PREFATORY NOTE

This text-book on banking is designed to reproduce as nearly as possible the practical workings of a national bank. A detailed account of the organization and practical management of banks is given, but the books are opened from statements showing the condition of a bank that is in operation. For the purpose of illustrating the actual routine of a national bank many attractive incoming documents and an envelope of blank business forms have been prepared to accompany the text. The incoming documents are made the basis of a series of transactions which the student is required to record in the various bank books, and the blank business forms are used in preparing the bank’s outgoing documents.

The series” of transactions is arranged to cover, in abbreviated form, two days’ business of the First National Bank, Rochester, N.Y. During the first day all of the business forms of the bank are handled by the student ; but during the second day the business forms are dispensed with and only the entries for the various transactions are recorded, historical data for them being furnished in the text.

The work is so classified as to show the ordinary duties devolving upon the various bank officers and clerks. At the close of the second day’s practice dividends are declared, statements made, and the books closed. Care has been taken to furnish sufficient material to make these statements and the necessary closing entries illustrative of this feature of bank accounting.

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