From Thompson's Bank Note Reporter
OCTOBER 1, 1848 — Some Banks (and we would name the Farmers' Bank of Amsterdam, N. Y.) are in the habit of omitting to remit for collections promptly. To such banks we would say, there is nothing that will so effectually and certainly destroy your credit as the keeping of money from those who send you collections.
Now, see why. A stranger, or a person whom we do not wish to trust, reaches us a note for collection, and asks, "When shall I call for the money?" Answer, "It is due on the 10th, call on the 15th." The 15th comes, and so does the man for his money; but not a word from the cashier. To pay the man, is taking a risk; besides there is an injustice in advancing money which should have been in our hands. Then again if we say that the bank to which we sent it has not remitted, he will act his pleasure about believing us, and may go from the office under the conviction that we are shaving on his money very much to his inconvenience.
We can say emphatically and pointedly, that being exposed in this way, engenders a strong feeling against those who leave us so exposed.
