The Tiffin tribune. (Tiffin, Ohio) 1868-1887, 1875-02-18
VOL UME 27-NUMBER 20.
New York Journal.
Replies and Decisions on Questions OF
4 Practical Nature.

9ueStiOn-If goods are bought Feb
ruarTy "a, 80 days, when will the goods
be dueP Please answer through your
valuable paper and oblige a subscrib-
er.
RepIy-If bought on 80 DAYS credit
the bill will b due on the 4th of
March. But If bought on one months
time, it will mature March ID.
Question How are deocsitors 81
cured from loss in a Savings Bank Z?
How are the managing officers select
ed !? Do you consider any Of the best
OF them as secure as RodsOn county,
\. J. bonds By answering the
above you will oblige.
RepLy-MosG savings banks have
small guaranty capital subscribed, on
which certain interest Is paid annu-
ally, and this stands between the de-
positOrs and less. The directors are
annually chosen by the holders of
thissstOck and the directors elect the
officers. The statutes In most of the
States are very stringent in regard to
investments, and this with the high
character of the managers themselves
furnishes reasonable security. We
are willing TO say that we consider a
deposit in ''any of the best Of them"
as safe as the bonds in question.
Question--Piease inform me what
are the denominations of the various
bills for cireulatiOn) above S10O now
issued by the United States Treasury +?
Reply-There are but two $500 and
81 a000l above the hundred-dOllar hill.
QIestiOn-If A takes a written lease
of building and lot, rent payable
monthly for three years, say from May
/, 1873 to May l, 1876, and buy and
take written assignment of said lease
say in November, 1874, and OCCUPY
under said lease, under no arrange
ment with the original lessor, except
20 pay the rent monthly, according to
the terms Of the lease, to the S0th of
April, 1875, am 1 liable by reason of
sGid assignment. and occupancy and
payment for the rent from May l,
1875, to May /, 1876 ? In other words,
am l liable for the rent from May l,
1875, to May ], 1875? Please answer
in your law decision column and
oblige.
Reply-The assignee comes into the
place of tie original lessee, and he
cannot claim the rights OF the latter
without making himself liable for his
original obligations. The assignee
can surrender his title gndeF the as.
signment to the assignOr if the latter
consent, and thus place the original
lessee between himself and further OBJ
legations but without suen consent
he cannot evade his liability to the
owner.
QUESTIONED property is left by will to
two sisters, al their death to a brother,
no mention being made of his heirs.
Should the brother not be living al
the time Of the sisters death, will the
property revert to the testatOr's chill
dren, or go to the children Of the
| brother
By answering you will much 0blige
a friend.
Reply-If, as we assume from the
statement, the brother was living al
the time OF the testatOr's death, the
title then became vested iu him, sub
ject to the life estate of his sisters, and
his heirs will inherit, although hi
may be dead when the life estate ter
inmates. II he died before the tesla
tor and no mention is made of hi
heirs or legal representatives., ther
after the life estate Of his sisters, the
property will go to those who were
legal heirs of the remainder at the
testator's death.
Question a draft be accepted
and such acceptance be held as YaliC
by the drawee or his agent merely
writing across its face the word "ae
eepted ?D
! Reply-Anything which amour b
to an acceptance, and can be proved Il
be su9h, is sufficient. II the dFsWe
return the paper saying 81 accep
this" it will bind him. The wor'
written, if designed as an acceptance
will bind the drawee.
QEestiOn-DO drafts drawn payabl
on demand or at sight, on factors o
commission merchants, require twi
cent internal revenue stamp, or doe
the law exempt them p?
Repy-A draft or money orde
drawn on any one who is not bank
er does not require a revenue stam[
and has not for several years. Tn
new revenue bill, which will soon be
become law (unless the Presiden
yetoes it, repeals the old law entirely
but substitutes a new provision G
similar meaning except that a
checks, drafts, orders, or voucher 70
the payment of any sum whatsoever
drawn upon any Bank, Banker, Q
Trust Company, will require a tw
cent stamp whether at sight or on de
mand, or on time bat they must b
drawn on ga Bank, Banker, or Trus
Company" to need stamping at al
The annexed are the new provisions
soon, We suppose, 10 be in force.
SEC. S. That the words "Bsn
check, draft, or order for the paymen
Of any sum of money whatever, draw
upon any Bank, Banker or Trus
Company, at sight or on demand
two cents" in Schedule B of the az
Of June 80, 1884, be and the same ar
hereby stricken out, and the followin
paragraph is inserted in lieu thereof
"Bank oheok, draft, order, or vouehe
for the payment of any sum whatsC
ever, drawn upon any Bank, Banke
or Trust Company, two cents"