Description
Excerpt from History of the Bank of Gettysburg, 1814-1864, the Gettysburg National Bank, 1864-1914 of Gettysburg, Pennsylvania
Chambersburg and Carlisle were the Banking centers for this community. Money was not so plentiful then as now. There were no railroads, telephones or trolleys in those days. Each monied man was the banker for the locality in which he lived.
The merchants and manufacturers, as a rule, kept their money in their houses and carried their books of business and their securities and cash home each night from their place of business. In many cases the place of business and the dwelling house were the same.
Banks did not pay any interest on deposits. The trans fer of Bank Notes was rather risky and as a protection, the notes were cut in half and each half sent in a sepa rate package and when all arrived safely, at their desti nation, they were fastened together and put in circula tion. The rates of postage were very high, so a great deal of the money was carried by trusty messengers from place to place as opportunity presented.
When the Bank of Gettysburg was opened, each Di rector was practically the banker for his locality and on the meeting day of the Bank Directors, he brought the deposits from his neighborhood and often took back with him money for his neighbors.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Chambersburg and Carlisle were the Banking centers for this community. Money was not so plentiful then as now. There were no railroads, telephones or trolleys in those days. Each monied man was the banker for the locality in which he lived.
The merchants and manufacturers, as a rule, kept their money in their houses and carried their books of business and their securities and cash home each night from their place of business. In many cases the place of business and the dwelling house were the same.
Banks did not pay any interest on deposits. The trans fer of Bank Notes was rather risky and as a protection, the notes were cut in half and each half sent in a sepa rate package and when all arrived safely, at their desti nation, they were fastened together and put in circula tion. The rates of postage were very high, so a great deal of the money was carried by trusty messengers from place to place as opportunity presented.
When the Bank of Gettysburg was opened, each Di rector was practically the banker for his locality and on the meeting day of the Bank Directors, he brought the deposits from his neighborhood and often took back with him money for his neighbors.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Details
Publisher - Forgotten Books
Language - English
Hardback
Contributors
Author
William McSherry
Published Date -
ISBN - 9780266787365
Dimensions - 22.9 x 15.2 x 0.8 cm
Page Count - 150
Paperback
Contributors
Author
William McSherry
Published Date -
ISBN - 9781332016259
Dimensions - 22.9 x 15.2 x 0.8 cm
Page Count - 152
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