Another benefit derived from bankers is, that they transmit money from one part of the country to another.

There is scarcely a person in business who has not occasion sometimes to send money to a distant town. But how is this to be done? He cannot send a messenger with it on purpose - that would be too expensive. He cannot send it by mail - that would be too hazardous. How, then, is the money to be sent? In England, for example, every country banker opens an account with a London banker. If, then, a person lives in Bristol and wants to send a sum of money to Aberdeen, he will pay the money into the Bristol bank, and his friend will receive it of the Aberdeen bank. The whole transaction is this the Bristol bank will direct its agent in London to pay the money to the London agent of the Aberdeen bank, who will be duly advised of the payment. A small commission charged by the Bristol bank, and the postages, constitute all the expenses incurred, and there is not the least risk of loss.

Commercial travelers, who collect money, derive great advantage from the banks. Instead of carrying with them, throughout the whole of their journey, all the money they have received, when perhaps it may be wanted at home, they pay it into a bank, by which it is remitted with the greatest security, and at little expense; and they are thus delivered from an incumbrance which would have occasioned great care and anxiety.