By means of banking there is a great saving of time in making money transactions. How much longer time does it take to count out a sum of money, especially in various European currencies, than it does to write a check. And how much less trouble is it to receive a check in payment of a debt, and then to pay it into the banker's, than it is to receive a sum of money in currency. What inconveniences would arise from the necessity of weighing gold coins!What a loss of time from disputes as to the goodness or badness of particular pieces of money I

Besides the loss of time that must necessarily occur on every transaction, we must also reckon the loss which every merchant or tradesman, in an extensive line of business, would certainly sustain in the course of a year from receiving counterfeit or deficient coin, or it may be, spurious notes. From all this risk he is exempt by having a banker. If he receives payment of a debt, it is in the form of a check upon his customer's banker. He pays it into his own banker's, and no coin or bank notes pass through his hands. If he makes drafts, those drafts are presented by his banker: and if his banker takes bad money it is his own loss.