This section of the book is from the "Canadian Banking Practice" book, by John T. P. Knight.
Question 471.— It has become a custom of the banks in this Province (British Columbia) to send out notices of maturity to acceptors of drafts and makers of notes. Does this custom extend to bankers in other provinces? It seems to me that it is more or less unwarranted and should be unanimously discontinued, as it would be to the advantage of all banks in economy of labour and expense to do so.
Answer.—We believe that this is almost a universal practice, and it seems to have much to recommend it from all points of view. It no doubt involves considerable expense in the way of postage, etc., but as a stimulant to the payment of the bills and a protection against forgery, it seems to be generally looked upon as worth all that it costs.