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Banks And Banking





    During a financial panic, a German farmer went to a bank for some money. He was told that the bank was not paying out money, but was using cashier's checks. He could not understand this, and insisted on money.

    The officers took him in hand, one after another, with little effect. At last the president tried his hand, and after long and minute explanation, some inkling of the situation seemed to be dawning on the farmer's mind. Much encouraged, the president said: "You understand now how it is, don't you, Mr.. Schmidt?"

    "I t'ink I do," admitted Mr. Schmidt. "It's like dis, aindt it? Ven my baby vakes up at night and vants some milk, I gif him a milk ticket."



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