1. It is agreed by the depositor that no money, certificates of stock, registered or coupon bonds or other negotiable securities are contained in this deposit.

2. In case of loss of deposit through its fault or negligence, the option is reserved to the company of either paying for it, at the valuation specified by the depositor, or of replacing it in kind or amount.

3. This certificate is not transferable except by assignment endorsed hereon and approved by the company.

4. If the whole or any part of this deposit shall be withrawn before the expiration of the specified period, no portion of the charge shall be returned, and if continued longer, it shall be deemed a renewal of the deposit on the same terms, for which a like rate shall be chargeable.

5. This certificate must be presented upon the withdrawal of the deposit or any part thereof.

These receipts are bound in book form, and are numbered consecutively.

The stub of this receipt should contain the same description of the package as that given in the body of the receipt. If the package is left for a longer period than that provided for in the certificate of deposit, upon payment of the rent for the longer storage, a renewal receipt is given in the form shown in Figure 101. At the time that the customer receives his certificate of deposit of the package, he signs a receipt for same, in the form shown at the top of Figure 102. This form, which is similar to

that used for the receipt for keys to a safe, shown in Figure 89, also provides for the appointment of a deputy, and contains places for the description of the depositor and for that of his deputy, and other information as shown. On the back of the card—which is 6 by 4 inches in sizeprovision is made for the history of the package from the time it is received by the company until it is finally delivered. (See Figure 103.)

The ledger card for the record of cash transactions regarding packages left for storage is practically the same as that used in the renting of safes, shown in Figure 94; the only difference being that the words "Package No. -" are substituted for the words "Safe No. It is customary, however, to have the two sets of cards of different colors.

Some companies use what is called the "Rental, Renewal and Surrender Book," a form of which is shown in Figure 104. This is intended to give a running account of the business done by the department. It shows the business transacted during any given period, and provides a means of comparing the growth of the company from time to time.

This department sends to the general bookkeeper a daily report, which, together with the reports from all of the other departments, is placed each morning on the desk of the President or the executive head of the company. This report shows the number of safes rented during the day, the number surrendered, the number of packages received and the number surrendered, a statement of the number of visitors to the vault during the day, and a comparative statement of the number of safes rented, packages in storage and current earnings. A form of such a report, adapted, of course, to the needs of the company which uses it, is shown in Figure 105. Monthly, semi-annual and annual statements of the same character are also prepared.

CHAPTER IX.

FORMS AND RECORDS FOR THE BANKING DEPARTMENT.

AS

S has already been stated, the business of the banking department of a trust company differs little from that of an ordinary state bank, with the exception that trust companies in many states are forbidden to discount commercial paper. As a consequence many of the forms and records used by state banks, and also some of those used by national banks, are adapted to the use of the banking department of the trust company. Such forms and records have been treated at length in several excellent books on the subject and in current periodicals; so that in treating of them here it is necessary to travel over a fairly well-beaten road. However, each year sees introduced into our banking institutions new forms and devices, and he who would keep abreast of the times must be ever watchful for the latest improvements. The up-to-date systems of bank accounting involve many time and labor-saving plans, some of which are regarded by the old-time banker as sacrificing safety and completeness to speed. Loose-leaf records, card systems and the doing away with the use of intermediate journals have largely supplanted the old systems in many banks; while others regard these innovations with suspicion if not with open hostility. Experience, however, seems not to justify the fears that many bankers hold regarding new methods.

The modern trust company is equipped with many devices which lighten labor, save time and insure greater accuracy and neatness. Prominent among these are the typewriter and the adding-machine, without which the enormous amount of business done each day by the large institutions would be difficult if not impossible. A great profusion of other time and labor-saving devices are used, rotary letter-copying machines, filing-cabinets, manifolding devices, interest tables, coin-trays and counters, check-protectors, rubber stamps, etc.

While there is a general similarity in the forms used by different companies for given purposes, slight variations from standard forms are so numerous that it would be quite impossible in such a sketch as this to include all good forms that are in use. In selecting the forms to be given here, as in selecting those already given for other departments, the writer does not intend to imply that other forms may not be as good. It should, perhaps, also be remarked that throughout this work the writer has usually avoided New York city forms, because the business of banks and trust companies in the metropolis is in some respects different in its requirements from that of those located in the smaller cities and in the towns in different parts of the country.

When a new customer opens an account, the first form needed is the signature-card, upon which he writes his signature to be used by the company as a means of identifying his checks. The card, a form of which is shown in Figure 106, should also contain his address, and other information as shown in the figure. These cards are filed alphabetically in cases with guide-cards at frequent intervals; the cases being placed in such a position as to be easily accessible to the paying tellers and to the bookkeepers. Some companies take two or more signatures from each customer, so that the signatures may be filed in places convenient to the different workers who may have to refer to them. Formerly signature