St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1903-05-09
Bank Checks.
Rules Relating to their Issue, Ac-
ceptance and Payment.


ceptance and Payment.
Bank checks possess many adj
vantages for the conduct of bust
ness, and are, used to a proportion
ately great extent. They are in
nature but orders for the payment
of money, and are payable in the
order in which they are presented.
AS given in the usual course Of
business. they do not constitute
payment of the Indebtedness for
which they are given until paid.
Nor will the concurrent receipting
of the debts for which they are
given change this. If they are not
paid on proper presentation, resort
may be had to the originl claims.
The rule is different IN this respect
as to certified checks So the nav
ing of the checks certified constl-
tutes payment as to the persons
drawing them.
Checks should be dated. If not
dated at all, and they do not con-
tain any statement as to when they
are to be paid, they are never pay
able. They may be ante or post
dated, as we'll as dated on the day
of delivery. By being an.e-dated
they may he dated to cover prior
transactions, and in a measure de-
termine the relative rights Of the
parties to them, provided that no
fraud is intended or done. Post
dating in the main determines the
date of payment.
When post dated SO as to fall
due on Sunday, they are payable
on the following Monday. Checks
post. dated or maturing on legal
holidays should be presented the
day following. When post dated
checks are paid before the dates
mentioned, the money paid on
them can be recovered. If blanks
are left for the date, the holders of
checks are hereby authorized to in
sert the true dates of delivery, but
no other dates, aud if they insert
any other date 1t makes the checks
void. Changing the date of checks
without consent uf the drawers
will do the same. - National
Banker.
The presumption is that when
checks are drawn, funds will be
provided at the banks on which
they are drawn to meet them, but
presentation for payment must be
made within a reasonable time. If
not so presented the holders will
be charged with any consequent
loss. When persons receiving
checks and the banks on which they
are dra Sn are in the same place,
they should be presented the same
day, or, at the latest, the day after
they are received.
After duly presenting checks, it
is also the duty of the holder, if
they are not paid, TO notify the
drawers before the next secular day
following the presentation and
dishonor. No particular form Of
notice is required. 1t may be
written or verbal. The principal
case in which losses occur from
failure to use due diligence in the
collection OF checks is where the
banks on which they are drawn fail
in the meantime. If the banks con.
tinue solvent, the drawers will re-
main liable to pay their checks for
months at least after they are
drawn. Presentation and notice of
dlshonor will also be dispensed
with where there a,e no funds to
pay checks, and where the baLks
on which they are drawn suspend
payment before they can oe pre-
scented, using proper diligence.
After receiving checks, they must
be presented tor payment, unless
such presentation would be useless
before the original claims can be
sued On, for. by accepting checks,
there is an implied agreement to
use that method of procuring the
money for which they are drawn.
When checks are negotiable and
pass by Endorsement Or delivery,
the same degree of diligence will
be required of each person to whom
they are Endorsed, III order to hold
those indorsing them, as is required
of original payees to hold original
drawers Of checks. But by put
ting checks in circulation, the liza.
bility of the drawers can not be
prolonged. They must be pre-
sented within the same me by in
dorsees as by payees.-Bankers
journal.
DlED.-At brownsville, La,
May l, 1908, at o'clock A. NJ,
after short illness, Icy Parker,
nee Watts, beloved wife of Rudolph
Parker, aged Is years.
The deceased leaves one sweet
little girl about l year old, hus.
band, father, mother, five brothers,
one sister and a host of friends TO
mourn her loss.
The interment took place in the
Manoa f,a,nafaru IL tho nrolonno