THE Charles River Bank is not exempt from that most strikingly inconvenient feature which most small country banks exhibit: we mean the discount of from ten to twenty-five cents on checks on other banks, when cashed for those who do not keep a deposit there. This is intended as an inducement to keep an account there; but as this is inconvenient to a great number of students, we should like to suggest to the proper authorities of the College, that in the Bursar's office a sufficient amount of cash be kept on hand to enable students to have checks cashed there. Certain restrictions as to the amount to be cashed might be made, so as to secure the College from any possibility of loss; the limit might be half of the bond required of the student. Even if the Bursar were to charge something for checks cashed, it might be made less than the bank requires, or, even if as great we would all prefer the College to make even such small profit than that the bank should. To be sure, the discount is very small, but when one has to cash many checks the amount lost in a year is considerable; therefore we recommend this to the consideration of the financial managers of the Bursar's office.
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