The Appeal. [volume] (Saint Paul, Minn. ;) 1889-19??, 1903-06-20
USE OF BANK CHECKS
SIMPLE RULES MADE BY THE
BUSHES WORLD.
Facts Relating to Their Issue, Accept
ance and Payment That All People
Should Try to Remember-The
Many Advantages Of the System.

Bank checks possess many advan-
tages for the conduct of business, and
are used to a proportionately 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 consti-
tute payment of the Indebtedness for
which they are given until paid. Nor
will, the concurrent reeeipting- of the
debts for which they are given change
this. If they are not paid on proper
presentation, resort may be had to the
original claims. The rule is different
in this respect as to certified checks.
So the having of the checks certified
constitutes payment as to the persons
drawing them.
Checks should be dated. If not
dated at all, and they do not contain
any statement as to when they are to
be paid, they are never payable. They
may be ante or postdated, as well as
dated on the day Of delivery. By be-
ing antedated they may be made to
cover prior transactions, and in a
measure determine the relative rights
of the parties to them. Postdating in
the main determines the date of pay
ment.
When postdated so as to fall due on
Sunday, they are payable on the fol-
lowing Monday. Checks postdated or
maturing on legal holidays should be
presented the day following. When
posudated 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 cheks
are thereby authorized to insert the
true dates of delivery, but no other
dates, and if they insert any other
date it makes the checks void. Chang
ina the date of checks without consent
Aof the drawers will do the same.
The presumption IS that when checks
are given funds will be provided at
the banks on which they are drawn to
meet them, but presentation for pay
ment must be made within a reason
able time. II not so presented the
holders will he charged with any con-
sequent loss. When persons receiving
checks and tie banks on which they
are drawn arg in the same place, they
should be pre- ented the same day, or,
That fhslatespen1als,daE after they gre
received
After duly presenting the checks, it
is also the duty of the holder, if they
are not paid, to notify the drawers be-
following the presentation and dis
honor. No particular form of notice is
required. 1t may be written or verbal.
The principal case in which losses &C.
cur 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
continue solvent the drawers will re-
main liable to pay their checks for
months at least after they are drawn.
Presentations and notice of dish0nor
will also be dispensed with where
there are no funds to pay checks, and
where the banks on which they are
drawn suspend payment before they
can be presented, using proper dill
gence. After receiving checks, they
must be presented for 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 re-
quired of each person to whom they
are indorsed, in order to hold those
indorsing them as is required of origi'
nal payees to hold original drawers of
checks. But by putting checks in cir
ulation the liability of the drawers
cannot be prolonged. They must be
presented within the same time by
indorsees as by payees.-National
Banker
END OF KINGS PRIVATE BAND
EnoIish Monarch Not a Lover OF
Ael. MsgeiN