In the later chapters of his book Mr. Spalding introduces us to such queer things as "crossed cheques": the real meaning of the words "not negotiable"; the mutual relations of the banker and his client; and, incidentally, to the fact that a Passbook was originally a "Passage Book," meaning the passage of money in and out. He tells us about "endorsements pointing out that the word means "in dorsum" or "on the back," and then naively suggests that if cheque were "endorsed" on the face it would take a bold banker to refuse it. His dissertation on the subject of overdrafts may be too painful a subject to meet the approval of local readers, but it is sound nevertheless.
Finally Mr. Spalding comes to a chapter in which he writes of the subsidiary services of bankers: doubtless such remarks are based on his own ideals, but most ordinary citizens (including local bankers) will probably agree they were written by an optimist. He has, indeed, given all of us beginners a valuable key to the doors of banking practice; but it is doubtful if even he can ever
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