The Fremont weekly journal. [volume] (Fremont, Sandusky County, Ohio) 1867-1877, 1875-06-11
Replies and Decisions on Questions of
Practical Nature.
,romthe New York Jonrnal OF Comm.

Practical Nature.
Fromthe New York journal of Commerce.
Question. /. If the president of Q
society nominates subcommittee is he
member ex officio of such committed
2. In case he should be a member el
officio, will he then be the chairman oi
the nominated committee, or how will
such chairman be chosenl
Reply. The President is not e1
officio a member of the committee he
Appoints, unless there is q provision tc
this effect in the constitutionor or bylaws.
2. If he is appointed member of 9
committee, he is not thereby made chair.
man of it. The first-named member Of
committee is usually understood to be
its chairman, but where this is not ac-
cepted, the majority may elect a chair.
man.
Question-A lot of cotton is shipped
on through bill of lading from the in.
terror via Atlantic port per steamer to
New York. Bill of lading marked pre-
paid. The steamer comes to grief; total
average. Has the freight agent the
right to collect freight on this shipment
or notl
Reply-If we understand the state
ment, the cotton was totally lost; in that
case no freight is due, andi if such freight
was prepaid, it may be recovered by the
shipper.
Question. Broker @ is instructed
by A to buygoods for him, which he (C)
buys of B, and collects brokerage of b.
Does the payment of brokerage make G
BIS agent9
2. Broker @ is instructed by to buy
goods for him, and @ buys of B say 30
boxes of merchandise and instructs B to
bill goods 25 cents per box higher than
sold, and pay him (C the difference. If
A disputes the bill, does the overcharge
affect the collectibility of the same7
Reply. The payment of brokerage
in such a case does not constitute the
broker the agent of the seller.
2. The fact of the overcharge would
not affect theEight of collection, but we
think it would restrict the amount to be
collected to the actual selling price.
Question-A, the Treasurer of a
Building and Loan Association, pro-
cures a loan from B, giving as security a
stock certificate for five shares of stock
made out i'll AS name, which has already
oeen borrowed on in the Association by
4, and at which time the certificate
should have been cancelled by him as
Treasurer. In event of the loan from
B not being paid, on whom does the loss
of stock fall2-on the Association or B1
Reply-H we underatand the rules of
such Association and the case described,
the transfer to the society was not per-
fected, and the lender B has lien upon
the stock.
Question: gives B his promissory
note payable one day after date, for
value received. B holds the note for 30
days, when he negotiates it with @. O
Reimbursement, which Bgives.
Queries2 Is it necessary for B to date
his Endorsement, and must G notify B of
the non-payment of the note one day
after his (B's) indorsing it, in order to
hold B9 In case of no date to the in
dorsement, how would G notify B of
non-payment in order to hold B9
Reply-The note being overdue was
not negotiable at the time B passed it to
G. Therefore BIS Endorsement of it at
that time binds him as much as if he
had made new note. There need be
no notice to B under the circumstances.
If A refuses to pay, suit may be brought
against B, and the fact that the latter
passed it to g 80 days after maturity
being admitted or established by proof,
udopnant NAV 1oa YaoOvarad