The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-06-06
THE BANKERS ASSOCIATION.
Meeting Wednesday Night--The Public
Invited to Attend.

SittlIHE w tulleSuda ANlSIi ne L lDllC
Invited TO Attend.
The Bankers Association of North
Carolina will meet in this city on We'd
nesday night at $50 o'clock. The adj
dress of welcome will he delivered by
Mr.. Chas. NJ Busbee, the response by
Gen. Julian $. Carr president of the
First National Bank of Durham.
The public is invited to attend this
opening meeting. and all Of the business
meetings of the association. The SEES
sions of the association will be held
in the Senate chamber. The hours of
meetings will be announced in the
daily papers.
The ladies are especially invited to
attend these meetings
AT the convention Il book on THE
Negotiable Instrument Law" prepared
at request of the bankers, by Mr.. s. +.
Mordeca. of this city, will be dStri-
buted.
1t has just come from the presses and
those who have had the opportunity TO
examine it declare il very valuable
work
The book contains. first. the full text
of THE Negotiable Instrument Law
enacted by the Legislature of 1899: sec
Ond. notes by Mr.. Mordecai on all the
more important sections of the act,
showing the origin of the subject matter
of each section. wherein it changes the
law heretofore in force in this State. if
change is made, and calling attention
to the North Carolina authorities hold
ing the law to be the same with the
present statute, when no change is eff
fected by the act: third. an appendix
in which chapter six of the Code of
North Carolina, the statutes in the Code
covering legal holidays. and subsequent
amendments thereto. are printed in full:
fourth, a complete and exhaustive in
deX of the new statute.
The book does not assume to be a
thorough treatise on the law merchant
in this State. but is practical treatise
on the rpw statute, citing many North
Carolina decisions and referring to
standard text writer's on negotiable in
struments for the history and eluc,la-
ton Of its provisions.
The following important subjects are
among others, fully discussed. and the
leading North Carolina authorities cited
and fully quoted
l. What Instruments are made nego-
table by this act which were not nego-
table heretofore.
2. Filling blanks in sealed negotiable
Instruments.
3. Taking a negotiable instrument as
collateral security for a past debt of the
indorSer.
4. The change effected in our former
law by sections 20 to sc of the act. re-
quiring presentment for payment in or
der to bind indorsers, ETC.. and how far
these provisions applying to Instruments
exempt from such requirements can be
waived under the present statute. No
such great change is made in our law
by these provisions as one would sup
pose.
3. The effect Of making negotiable in
struments payable at bank. The du-
ties and rights of the bank and others
i'm connection with such papers. This
is important to all concerned in such in
struments.
g. Notice of dishonor lies, when. by
whom and to whom to be given. with
forms. When excused and dispensed
with.
Z. Protest of negotiable Instruments
reason for. how and when to be made,
essentials and form of waiver Of etc.
etc. How for the nOtary's certificate of
notice of dishonor being given is proof
of such notice.
9. The doctrine that a check or bill of
exchange constitutes an equitable as
signment of. fund, abolished by this
statute.
o. Essentials to a valid acceptance on
separate paper.
10. Restricted and qualified indorse-
ments. Rights and liabilities of indors-
ers under our form of law and this stat
ute.
H. The provisions of the act bearing
upon accommodation papers.
~. Effect of payment by surety.
13. Discharge of sureties and indoors
ers: or by acts of holder prejudiced to
their rights
ID. Promises to accept.
The book was gotten up for the North
Carolina Bankers Association, who en-
ployed Mr.. Mordeca to annotate and in
dex the new statute.
The whole edition is the property OF
the association.