Rensselaer Journal, Volume 11, Number 8, Rensselaer, Jasper County, 1 August 1901 — Kaffir Hanking. [ARTICLE]

Kaffir Hanking.

The Kaffirs have a remarkably atm- j pie method of banking. Before setting i out to trade they select one of their number as their banker, and • put all their money In his bag. When an article is purchased by any of those who are In this combine the price la taken by the banker from the bag, counted several times and then paid to the seller. After which all the bank .depositors cry out to the banker. In the presence of two witnesses selected) “You owe me so much.” This Is the* repeated by the witnesses. The general accounting comes between the banker and bis several depositors when all the purchases bars been made, after which all the natives go home.—London Express.