St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1906-06-23

By KATHERINE LOUISE SMITH.
A woman often enters into partner.
ship with some one for the purpose Of
carrying on business. Formerly this
was confined to such enterprises as
millinery stores, notion stores. and
stores Of similar nature, where the
trade would be largely derived from
women, but to-day women have On.
tered all fields, and there are few
forms Of business she has not under
taken, either as q principal. agent OF
clerk. No matter in which Of these
capacities she figures it is well for
her to understand some Of the re-
quirements Of partnership. II she
does not herself enter into partner
ship with some one. she may be asked
by husband or friend for advice, which
she cannot give understandfngly I'm.
less she knows a partners liabilities.
Or she may be obliged to settle an
estate Of some one who at the time
Of his death was partner in firm.
When q partnership Is formed, the
length Of time for its duration Is often
given. II not, It may cease any time
by mutual consent. The death Of a
partner, Of course. dissolves the firm.
Insolvency or gross misconduct or
some other legitimate cause may also
do so. When the partnership Is dis
solved q general notice published In
the newspaper gives warning to for
mer debtors or customers Of the firm.
In the dissolution Of partnership all
debts must first be paid, when the bal
ance Of the assets, II any remain, are
divided among the partners according
to their share in the hrm. II there is
not sufficient money to pay the debts.
the partners must esch contribute
their proportion to make up the de-
hciency.
All persons capable Of making .
valid agreement may enter into part
nership and q woman making such .
move should remember that one part
ner can be the agent Of others and
sell partnership property which il
held for sale or can Endorse or can
transfer orders or checks belonging to
the firm. Also one partner can give
a note or borrow money in the name
of the firm for partnership purposes,
and can collect and pay debts due the
firm. For this reason it is advisable
to know something Of the honesty
and business capacity and good judg-
ment Of a party before entering into
business with him It has happened
that one partner who has been lack
ing In judgment has caused both to
suffer. The appropriation Of funds
belonging ia firm by partner is not
embezzlement and there are many rea-
sons Of this nature why one should
be careful before entering into the re-
lation.
One phase Of partnership should be
clearly understood and this is that
each partner Is liable for Ill the debts
Of the firm. Cases have been where
both partners gave security for debts,
one worthless securities a. time
and the other good ones. The
last suffered and the drst had the sat
isfaction Of feeling that the debt was
paid with no effort on his part. When
q clerk, salesman or wage-worker re-
ceives . share Of the profits Of firm,
q in the numerous prohtsharing
concerns, he is not liable for the
debts Of the firm as partner. This
IL on the ground that he Is working
for wages.
Formerly = married woman could
not enter into partnership with any
one, but now the general rule Is that
q woman can form a partnership
which will bind her separate estate
but cannot Join q flrm Of which her
husband IL . member, or enter into
With her husband.
.
II have been appointed guardian Of
. young child. What arc my duties7"
"A Maiden Aunt.
A guardian II strictly speaking .
trustee and the ward IL the person for
whom the guardian IL appointed. In
some cases guardians are obliged to
givo bonds. You will be expected 70
have charge Of your wards person and
property but cannot sell his real
estate without authority from the
proper court. II any benefit acorues
from the sale Of his property It Is due
the ward and you will DO held strict
II accountable for the management Of
his funds, for their misuse and for
letting them remain Idle. The
guardianship IL . trust 30 personal
that It cannot be transferred. OF
course, parents are the natural guard.
ans Of their children as long al they
are minors, and where female in,
lant Tor girl under age) marries, her
husband succeeds to the guardianship
Of her person. In many states an in.
FAINT over IA years Of age has q right
to select her own guardian and the
usually terminates when