Of  course,  many  of  the  notes  that  come  into  the  hands  of
dealers  of  the  bank  are  offered  for  discount,  and  that  part  of
the  work  has  been  explained  ;  but  others  are  placed  in  the
bank  for  collection  and  their  future  history  will  be  traced  in
this  chapter.
§  450.     Leaving  Paper  for    Collection.     The   position   of

collection  clerk  is  one  in  which  a  thorough  knowledge  of  nego-
252


THE  COLLECTION  CLERK.  253

liable  paper  is  indispensable.  Such  clerk  ought,  likewise,  to
be  well  informed  regarding  banking  generally.  In  order  for
him  to  do  this  it  will  be  necessary  for  him  to  keep  up  a  regu-
lar line  of  study  and  reading.  He  ought  to  read  regularly,  at
least,  one  good  banking  journal,  such  as  Rhodes'  Journal  of
Banking,  The  Bankers'  Magazine,  a  or  some  such  periodical.  A
man,  in  any  line  of  work,  who  already  knows  so  much  that  he
need  study  no  more,  is  a  failure,  and  one  who  thinks  there  is
no  more  to  learn  is  ignorant  indeed.
