The formalities at the bank proved to be very simple. Dr. Leete introduced me to the superintendent, and the rest followed as a matter of course, the whole process not taking three minutes. I was informed that the annual credit of the adult citizen for that year was $4,000, and that the portion due me for the remainder of the year, it being the latter part of September, was $1,075.41. Taking vouchers to the amount of $300, I left the rest on deposit precisely as I should have done at one of the nineteenth-century banks in drawing money for present use. The transaction concluded, Mr. Chapin, the superintendent, invited me into his office. "How does our banking system strike you as compared with that of your day?" he asked. "It has one manifest advantage from the point of view of a penniless _revenant_ like myself," I said--"namely, that one receives a credit without having made a deposit; otherwise I scarcely know enough of it to give an opinion." "When you come to be more familiar with our banking methods," said the superintendent. "I think you will be struck with their similarity to your own. Of course, we have no money and nothing answering to money, but the whole science of banking from its inception was preparing the way for the abolition of money. The only way, really, in which our system differs from yours is that every one starts the year with the same balance to his credit and that this credit is not transferable. As to requiring deposits before accounts are opened, we are necessarily quite as strict as your bankers were, only in our case the people, collectively, make the deposit for all at once. This collective deposit is made up of such provisions of different commodities and such installations for the various public services as are expected to be necessary. Prices or cost estimates are put on these commodities and services, and the aggregate sum of the prices being divided by the population gives the amount of the citizen's personal credit, which is simply his aliquot share of the commodities and services available for the year. No doubt, however, Dr. Leete has told you all about this." "But I was not here to be included in the estimate of the year," I said. "I hope that my credit is not taken out of other people's." "You need feel no concern," replied the superintendent. "While it is astonishing how variations in demand balance one another when great populations are concerned, yet it would be impossible to conduct so big a business as ours without large margins. It is the aim in the production of perishable things, and those in which fancy often changes, to keep as little ahead of the demand as possible, but in all the important staples such great surpluses are constantly carried that a two years' drought would not affect the price of non-perishable produce, while an unexpected addition of several millions to the population could be taken care of at any time without disturbance."