Tuesday

Write dates in the collection tickler as follows: Feb. 25, 26, March 1, 2, 3, 4, 5, 6, 9, 10, 18, 27, 31, April 1 and 2. Write March 3 twice.

Collections maturing Thursday, Feb. 25

No. 650. Note signed by Wentworth & Son, dated Nov. 25 last, at three months, indorsed by J. K. Miner, payable at Albany, N.Y., for $725. Sent to Farmers Bank. To be collected for E. V. Buckley & Son.

No. 702. Note signed by Daly Bros., dated Dec. 25, at two months, payable at Albany, N.Y., for $1200. Sent to Farmers Bank. To be collected for J. O. Baker.

No. 723. Draft dated Jan. 25, at one month from date, on F. W. Edwards & Son, payable at Fourth National Bank, Brooklyn, for $1005.25. Sent to Chemical National Bank, New York. To be collected for Powers & Sprague.

Collections maturing Friday, Feb. 26

No. 726. Note signed by E. B. Munroe, dated Jan. 27, at 30 days, payable at Providence, for $4900. Sent to Chase National Bank, Providence. To be collected for Decker Bros.

Tickler

Feb. 15, 19 -

Feb. 16, 19

No. 742. Draft dated Jan. 26, at one month from date, on B. W. Mills, payable at Providence, for $5200. Sent to Chase National Bank, Providence. To be collected for Wyckoff, Seamans & Benedict.

No. 743. Note signed by Samuel Powell & Co., dated Dec. 28 last, at 60 days, payable at Bank of Commerce, Baltimore, for $1250. Sent to Bank of Commerce, Baltimore. To be collected for Freeman, Austin & Co.

Collections maturing Monday, March 1

No. 744. Note signed by E. O. Hamilton, payable 60 days after Dec. 31 last, at our bank, for $1650.25. To be collected for Freeman, Austin & Co.

No. 752. Note signed by J. H. Moore, payable 30 days after Jan. 30, at Springfield, Mass., for $722.50. Sent to Alliance National Bank, Springfield. To be collected for Traders National Bank, Buffalo.

No. 755. Draft dated Feb. 1, at one month from date, on E. L. Howard, payable at our bank, for $5000. To be collected for Wyckoff, Seamans & Benedict.

Collections maturing Tuesday, March 2

No. 757. Note signed by W. E. Patten, payable 30 days after Jan. 31, at Buffalo, for $1750. Sent to Traders National Bank. To be collected for Alliance National Bank, Springfield.

No. 756. Note signed by Charles H. Thurber & Co., payable 20 days after Feb. 10, at Union Trust Co., City, for $79.23. To be collected for Farmers Bank, Albany.

No. 760. Note of G. A. Churchill, payable 30 days after Jan. 31, at Poughkeepsie, N.Y., for $73.92. Sent to Chemical National Bank. To be collected for Chase National Bank, Providence.

Collections maturing Wednesday, March 3

No. 764. Note signed by J. M. Goulding, payable 30 days after Feb. 1, at Springfield, for $125.72. Sent to Alliance National Bank, Springfield. To be collected for Chase National Bank, Providence.

No. 765. Draft dated Feb. 3, at one month from date, on Rogers & Williams, indorsed by Wilder & Fields, payable at our bank, for $652.01. To be collected for Mace, Gilmore & Co.

Collections maturing Thursday, March 4

No. 766. Draft dated Jan. 4, at two months from date, on R. B. Elder, payable at Bunker Hill National Bank, City, for $700. To be collected for C. E. Selover & Co.

No. 767. Note signed by S. C. Williams, indorsed by De Witt & Bliss, payable 60 days after Jan. 3, at Rochester, N.Y., for $1600. Sent to

Traders National Bank, Buffalo. To be collected for C. E. Selover & Co.

Collections maturing Friday, March 5

No. 770. Note signed by F. W. Humphrey, payable 30 days after Feb. 3, at our bank, for $325. To be collected for Wilder & Fields.

No. 771. Note signed by J. Kennard, payable 30 days after Feb. 3, at Bunker Hill National Bank, for $3000. To be collected for Traders National Bank, Buffalo.

No. 774. 'Note signed by James H. Beatty, payable 60 days after Jan. 4, at Union Trust Co., City, for $2500. To be collected for Chemical National Bank, New York.

Collections maturing Saturday, March 6

No. 778. Note signed by John Wanamaker, indorsed by Wilder & Fields, payable 60 days after Jan. 5, at Union Trust Co., City, for $1200. To be collected for Farmers National Bank, Albany.

No. 779. Note signed by Cloud & King, indorsed by Elder & Sampson, payable 60 days after Jan. 5, at Union Trust Co., City, for $1000.50. To be collected for Chase National Bank, Providence.

The Duties of the Collection Clerk may be specified as follows:

1. He takes charge of paper received by the bank for collection.

2. He makes the proper entries for collection paper in the original books of record.

Rates of Collection. - The collections made by a bank constitute an important part of its business. Formerly this feature of banking was very profitable, the lowest charge in many banks for collecting paper payable out of town being ¼%, while a charge of three or four times this was not unusual. Now these charges vary, ranging from 1/10% to ¼%; but the rates are by no means uniform. They depend upon a number of things, among which may be mentioned the following:

1. Trade movements; e.g., during the late fall months New York is sending a great many checks to states in the Mississippi Valley in payment for shipments of wheat; hence the states in this section are anxious at such times to get collection items from New York and near-by cities, to reduce their balances with New York banks, and they make collections with little or no charge. Later on the conditions are practically reversed, and the collection rate in the Middle West for items from New York and adjoining cities runs as high as ¼ %.

2. Various arrangements of banks with one another ; e.g., some collecting banks agree to make remittances regularly at par, the use of the money so collected being considered as an offset to the trouble of collecting; other banks sometimes agree to remit at stated intervals at a stipulated rate per cent for collecting, etc.