SCOTCH CASH ACCOUNTS. 129 



drawing on it to the amount of ten pounds. These ten 

 pounds were straightway entered in both the " Dr." 

 column and the " Balance Dr." column, and bore interest 

 against him in the bank's behalf for two days, when he 

 again operated on his account by drawing twenty pounds 

 more, which raised the sum of his debit in the " Balance 

 Dr." column to thirty pounds ; and thus he continued 

 operating for nine days, when the balance at his debit 

 amounted to fifty -two pounds. And of these nine days 

 he had to pay interest during two of the number for 

 ten pounds, during two more for thirty pounds, 

 during three for forty pounds and during two, yet 

 again, for fifty-two pounds. He then lodged in the 

 bank forty pounds, which were entered to his credit 

 in the " Cr." column, and the balance to his debit 

 in the " Balance Dr." column sank to twelve pounds, 

 which a second lodgement, in two days after, of twenty 

 pounds, extinguished altogether, leaving a balance of eight 

 pounds in his favour, and these eight immediately began 

 to bear interest in his behalf. Yet another lodgement 

 raised the eight to twenty-eight pounds ; and thus the 

 account runs on, on terms immensely more favourable 

 to A. B., the holder, than if he had been a borrower on 

 the Franklin Fund. But what the holder of the Cash 

 Credit gains in this way, the bank, it may be said, loses : 

 the scheme, though the best possible for the borrower, 

 must be an indifferent one for the lender. Far better 

 for the bank it may be said, had A. B. taken out the 

 hundred pounds at once, and continued to pay full in- 

 terest upon them. Nay, not so fast. What is best for 

 A. B. in this case is not by any means worst for the bank. 

 The account here, as shown by the dates, is actively 

 operated upon. Though the balance at the holder's debit 

 must at no time exceed a hundred pounds, many hun- 



VOL. IT. 9 



