Show LONDON BUSINESS THE ENGLISH METHOD SEEMS antiquated TO AN AMERICAN some in caution exercised in ili opening new accounts account A Crom crossed sed chedic firing and their numerous Nnnie rous branches Dranch cB to the american the methods method of con coil dueling I 1 business in bondon seem slow all and antiquated there Is an evident desire en the part ot of many large inns firms to make ill the transaction of bus business difficult instead of 0 easy there is an all outer inquiry office tit at whir which it you must give your name to a clerk who often intimates by his looks that lie I 1 is conferring a favor by tabling it the name is p passed assed on oil to an inner office and you are arc probably told to take a seat in a reception room nut until il the principals are at liberty to see 3 yon oil all tills this contrasts str strongly only with the lie accessibility of business men inen in america the greatest caution is exercised in the opening of new accounts before you can buy goods you must first either bo be introduced by an all old customer or establish your respectability and solvency if 5 you step into a lai large ge bank in london and put your money on oil the he counter and aind ask to buy a draft on oil new york berlin or paris you will bo be told that they do rot not know 5 on oil and can only sell drafts to their I 1 agular cus customers or to people introduced by them bliem there is no question that the money you offer is not good but jhc thc ahry do not know you STILL A I 1 was once years ago refused a 1 draft ii a bank in ili which I 1 had a special deposit 0 of f money at interest all awl notwithstanding in I 1 brought the clerk from the special deposit department of the bank to i ouch tor for my identity the draft clerk told rne me ali ah besl yes 1 you have a special deposit in that department but special depo deposits siLs are received from any one without introduction and really since you have never been introduced intro joeed to the bank you are still in ili the position of a stranger to us and we cann cannot othell sell you the draft another bankin bunking custom that bat seems strange e to us is that open checks not crossed ere paid to strangers without identification if you have a check payable to john jones or order the tha bank does docs not require that you bo identified is as john jones but you present the check indorse your name john jones on oil the he back baand and receive the money in bills or gold but moot ch checks C C IM are C crossed ros sea a and U d not open checks and you cannot get tile the payment of a crossed check by presenting I 1 it personally at the bank no matter how much you yon may he be identified iden titled to cross a check you draw two parallel lines across the face ace of it and write between theah either cither the name of the bank with v whom bom the person tou to the check is payable intends to deposit it or simply the terminal words IW co any check so EC I 1 crossed must be deposited in a bank tor for collection and presented by a bank messenger tor for payment this crossing of 0 checks thus forms an almost absolute safeguard against It payment to the wrong persons it might be adopted with advantage in ili other countries vim A DOZEN some soine of the london banks have deposits of and but this Is the total of deposits of tite man maii bank in ili the city of london of its dozen or more of branches branch les in larger london and its thirty or forty ll 11 country branches so that to corn compare pare tile deposits of the largest london banks with those ol of the largest new york banks bank would hardly bo be fair unless 3 on added to the deposits of the new york banks the deposits of all their correspondent banks the principal of subsidiary branches is carried through many other businesses some of tile the clothing and furnishing houses the lie grocers and provision dealers tea merchants fruit stores dyers and cleaners restaurants restaurant booksellers I 1 ind and sta have from six to twenty branch establishments oftentimes you find two or three shops on the same street belonging to the same firm it is said that a shop on any of the main es in london can afford to cheat every customer because the crowd ot of strangers passing the door will continue to furnish new anict victims ins year alter after year it may be that experience proves that when the number of people passing is so fo great that the opening of one or two new shops in the same street by the same firm does not affect the business 0 of the old house but many old firms cling to the old and and often dingy premises long ibling after they have outgrown them ago in ili london is the great badge of respectability old established business established over fifty years or ono one hundred years is seen in shop fronts almost as often as aitto to tile tho queen patronize I 1 I 1 y tile the royal fan fa ra n 11 lly ily for chii reason you find some of the largest linns firms in ili tile city in the little alleys lanes or courts where they llast started london cor philadelphia a times |