THE HISTORY, PRINCIPLES, AND PRACTICE OF BANKING. BY THE LATE J. W. GILBART, F. R. S., FORMERLY DIRECTOR AND GENERAL MANAGER OF THE LONDON AND LONDON: GEORGE BELL AND SONS, YORK STREET, COVENT GARDEN. 1882. [The right of translation is reserved.] A THE HISTORY, PRINCIPLES, AND PRACTICE OF BANKING. I SECTION XXV. THE ADMINISTRATION OF THE OFFICE. IN this Section we shall consider the following topics :I. The Arrangement of the Office. II. The Selection and Appointment of the Clerks. III. The proper Distribution of their Duties. IV. The Amount of their Salaries. V. Their Sureties. VI. The System of Promotion. VII. The Rules of Discipline. VIII. The Training of Clerks for higher Offices. I. The arrangement of the Office. The proper situation of a bank is a matter of some importance. It should be situated in what is deemed the most respectable part of the town. If it be placed in an inferior locality, approachable only by narrow and disagreeable streets, and surrounded by buildings the seats of smoky and dirty trades, it is not likely to be so much frequented, nor to acquire so large a business, as though it |