, 1876-12-02

the arrangement Q! tiG ulillsi Wnose euHs 10 wv
value Of the check. md Its meaning; II was
found, upUn inquiry into the law regulating tho
use Of circulating medium, tl,at thu form here
with adopted WIS necessary to comply with that
law printed dug.b1ll aya1as Ito oearsS
punishment; tho substitution of the name oi
the pnEty to whom Issued, and tho words "not
transferable" luakcs tho check TT the form OK
ynt9 eottag1 a Fsossi bch II !, saye l5o
"clrculating mclium." The arrangement OF
the units around tho margin of tic cleck Is Tor
convenience III cancclbE amounts ~ usei'-in
Tie ho!.lcr, md enabling the merchant to make
chaags On every purehaso. Thu blank spaca Tor
record Of checks fsauctl-tp whom, and WHEN
firm. lssuing thein is necessary to nuke tho
ctoclt ot valuc and to prevont unauthorized du-
IT'S UsE.-1t Is Designed as an atl in business,
and with tllc least possible labor, keep accounts
with Ills customers In tho must satlsfactory
manner. The plan Is slmplY to issue checks to
customers Oh accotlnt, whu present tic same III
of tl!n purchase may bp cancelled the s'sl. ot
tho figures aroun1 the tnargln (which aro all at
tiv denomination Of ccnts) equals tl'u amount
for whct. tho check is Issued. and te ,ncalsvel"
Tho customer ut thu time Of purchase gcn.
orally knows tito cost Of goods bought; In
| caleoling tho amount Of his purchase, at tho
tImc Ut tllnt purchase, settlement Is made
sIalry @ oycr the co!nter antl receiving cllange.
1t Is yury seldotn that dispute c!1 asiss: We
| would suggest, ns further prersuttnn, TINT
thuanlount to bp CANCELLED b. first marked viii! =
| peiicll-thcn thu customer can assure himself,
KEEPiNG H 1CCOG1SfS.- TIC olI way, it
ta necessary to outer eaell tte,n "t pl.rsllnsc 81
sls aay book, aul aitcTward to poss to tue
wi,Gil the account is due, to maka "! Of tho
itun,s which haye Gevil bnuYht. With these
CHECKS It is only necessary to mako QUO entry
for eaelI tssl!u ut check Or etoeks. II y.s'
then Issue him checks fur about the a'n1tnt he
is expected to nse. THIS makes but 1at eH!ru
Of week, or ,lontt'a account; tlir une expanded
BALANCE of the checks ttle customer hollis sMay
l,u used In settlement Of account nt TIM tim
asrecsl upon, which deducted from amalnt
cltatgcl Will gtvo tho amount ot his account.
Ii the merchant daefres to do AWAY With bOols
keeriY 4toutl.sr, tlIr aet ~; ti'. ,. iss!s erea,
fur tho nsnonnt Of elleeka, naya!,le at y certa;'
future dato with intcrrst atftf d"e-uf not pat
wlicM duel. This plan brlnEs u ctrfaia ddH q
seftfnta', 'Hikss t!o afeoaass, PUTS matters y
definite hilanp Allsl up0il cOrfert hu6ca3 lah1s
anil Is strongly recommended wlscroyur losat!lle
Ia kecn u eeeorl Ut tho an,nant outstanding
OF, tho cltceka for whch tho merchant who fssac
% sns Il aS sSspls' peIssr wt "Gselt clecke an. NJ
credit this arront with tho amount Of all check
Issued and Charge II With I'LL amounts ca1ecletl
A slate ur sheet OF papgF, Or pass-b0uk vii
auswer the puTpase, ~ 1t Ii anly netossnry II
make an entry Of tho amount cutscclca, sumo
yuu would c,ltor eassa sale, tn by posted daily
or weekly, ~ Esenth@y, as you may cllaose'
| ApYANTAtiEs.-As can lc saeil, It save
thu lnbor uf nuMMrless small tteiH. eiltrlea
which have lu tura, to b. posted md AfteEWatl
billed. The time used In ta,nec!lnE tue amount
purchased Is llo,uoru than would he necessary !
t,lakfng change II u customer was paying i
sasl,, -...-.. ...,
II sertxs ~ ehefk on MI aetoaats, and by II
.anctag tho laaor a1ahlas tho HleTstl4nt 70 kec
posted ~ tn how tie AH:o4nt u sullnnR, 0t
sides u customer whoso account IL worthy {
but snal cru.t will ask for u1lt! RECEIVE nutilc
. o,,x snail ue."s, which VIII IN the ~aggregut
make Ills account tou |drye, Wliun II to were t
! ask fur 26Q or tanra III alia tllno II would
refused. .,.........,
g1,t,trul. by reducing te number ii entries al'
.a.,or aa tho butsks, tho liability to Mt4taRos
!? | ulsu largely rcat4Iel, 4lA HtV4fc} q ehafUt b
euuos luxt to MI l:apossihltitY, W Tho MAllbCl
!. u t,,v eIesks are L suIslcsent guasl> 49,,
4 Thu combination ut units OIL tl9nargin o. u
- cheek assiets greatly IN making canse. a.,
II ulsn utlortts tho nsttellqMi llappy ncdiil
tlou bc&,vrll il e4ssh customer a'd credits. II
ylaxases " rasurt i casll t.alr, a uiacount ot
l, pvr cent from tho {peu II tue ebtsk fur f0*a
:. tntt4,,.re glygs sush IN advantage tAat must 8
;, cure the lr!.lc, a1ld thu discount extends w
= every pureiasa tMus1a with tho slIec& 81 pu
T. chased, whiIo tbs s!lst"'er Who buys y. fIed M
IL cur Hut ru,lltilaIu vi uHy Hftyrent1 III tho Et
= Of u.a,Is between hinisril an.l Ills tHsltpaYll
4 po.E.,bns, at tae saae s!ns Il sccsrcs tlt lra
uf tup eAshpaytng tuatoFIitr, ~ nAfltt;& Il