for a loan of $5,000 for nine months. Write to him,
saying that it is not your practice to make time loans
for definite periods longer than six months, as it is
not a good plan thus to tie up your deposits. Explain
that as most of a bank's deposits are payable on
demand, you would suggest his taking out a demand loan
for $5,000, payable on the demand of the bank. Under
ordinary business conditions such a loan might easily
run for nine months.