The Tupelo journal., 1906-03-09

/ the other on the ordinary business
side, SO that checks can be drawn
| against this side at any time. For in
| stance, il | have money in the savings
bank and desire to pay a bill with a
check, the person to whom | give this
| check cannot obtain his money unless
he carries with him my savings or pass
book. For obvious reasons this is not
feasible or desirable, but If / have an
account on the other side he can pre-
sent the check, obtain the money and
the entry can be put on my bank book
when l send it for the monthly write
up.
When the depcsitor receives her pass
book, she is given a check book which
is filled with blank forms ready for
use. Attached to each check is a
stub, on which an entry correspond
ing to that on the check should be
made, so that the party giving the
check can keep a record Of it and the
particulars. In reality a check is a
written order or request, addressed to
a bank or persons carrying on the
business of banking, by a party having
money in their hands, requesting them
to pay on ~presentment to another per-
| son, or bearer, or order, a certain sum
| of money specified in the instrument.
1t will be seen from this definition that
a check need not necessarily be writ
ten on a prescribed form, but it is al
ways preferable.
Pen and ink are always used in max
ing out banking documents, and it is
a simple matter to learn to make a
check out correctly. Any bank official
will show one, and the habit once
formed of writing n correctly will
always remain. %rirst, the date must
be affixed in the proper place. This is
followed by writing the name of the
person to whom the check is to be
given. In writing the amount of the
check great care should be taken. II
| should, of course, correspond with the
| figures placed after the dollar sign,
and the writing should commence at
| the extreme left of the blank. After
the written amount a line should be
drawn across the space left, to the
word Dollars" This line is to pre-.
vent any writing after the amount
specified, for this is a common method
of raising a check. The signature
should be in the same style as thai
adopted for all banking purposes.
II la houyounr thu the demos
itor wishes t o draw some money her
self. In this case she writes instead
of her name, PAY to the order OF
cash." and signs her name as usual
at the bottom of the check. Or she
can make out the check in her own
name, but in this case she must in
dorse it, i. e., sign her name on the
back, in order to draw her W money
The former method will be seen to be
the simpler.
Some bank checks are printed pay
able ito order" Others are payable
ito bearer" The former form is
preferable, for in this case a check
cannot be drawn without Endorsement
by any person save the one to whom
it is made out. A check made tic
bearer" can be drawn by any one, and
for this reason it is a good plan to
substitute the words ito order" for ''tc
bearer" Often a person receives q
check made out in her name and wish
es to cash it in a place where she is
unknown. For instance, l am in
Phoenix and receive a check. If were
home l should simply present it a
the bank where l do business and OBJ
tain the money, but l am in a strange
city and not known at the bank. Ii
this case. if l am confident the check
is in every respect correct, l ask some
one l know to identify me at the bank
II this is not sufficient he may be
asked to place his signature on the
back, but this will make him respon
sibler in case of any trouble.
In sending a check through the mail
always use the words ito order" in.
stead of ito bearer" This prevents
the possibility of the check being
| drawn by any one but the right party
A check drawn ito order" and Endorsed
on the back is the same as a CHECK
made ito bearer. and can be drawn
by any one. Hence it is well not tt
indorse a check until it is ready fol
use.
These banking forms are simple ant
easily learned. They are invaluable IL
everyday business transactions. Take
the matter Of settling a bill with &
check as an instance: I Owe Thoma:
Y Grey five dollars. have a bank &C
lNcount, so l write a check in his nam
Nor that amount and sign my name
With the date. Thomas Grey present!
this at the bank and receives hi!
money. Later, l receive the Cancelled
check or voucher as proof that thu
money has been paid and a record o.
THE withdrawal of five dollars at tina,
thine appears in my pass book. It i!
a Ssimple and plain transaction ant
should be understood by anyone ole
enough to handle money.
TPo EXPENSIVE TO CHANGE
GILES Wanted to Change Girls, But