The Montgomery advertiser., 1907-03-03
By Katherine Louise Smith.

Drafts ana nsIlu og- Fsxchnnge.
 
 By Katherine Louise Smith.
 fCopyright 1907. by Joseph B. Bowles)
 Deposftfng money and writing checks is small part of the business 1t Is desirable to understand in deal ing with a bank. There Is, for tn- stance right and a wrong way to in dorse a check. and if woman learns correctly at first. she will always adopt that method, and save confusion and mistakes.
 To indorse a check is to sign one's <. name on the back, and by so doing ' fJsrst makes herself liable for the check .A sThe signature should always appear exactly as 1t is on the face. If the name on the face of the paper is spelled wrong, the indorser should write the name twice, first as It ap- pears on the face, and then immedi- ately below that. her name as II is usually spelled. For instance. l am paid check made out to Dorothy E. Raymond or order. My banking business Is done under the name of Dorothy Ellen Raymond. sign both names on the back, first the name in which the check is made out and sec ond the name that am accustomed to use.
 Any teller will say that one of the annoyances of banking Is the higglety- pigglety way in which inducements are made. If he can pick up check indorsed in the correct manner, ne IS saved handling 1t many times Instead of once. For this reason, among others, 1t is desirable to know exactly where to indorse a check. The prop CT way is to sign the name cross wise on the back of the check, near the top. Not lengthwise, or wrong side up The indorsement should be writ ten an inch or SO from the top,. and A fu all v a G. certained by holding one end of the check in each hand, and as 1t Is, turned over, moving the right end toward the body. This leaves the end to be in- dorsed in the left hand. It Is the method used by all bankers and is once or twice will show exactly how it is done, and the habit of turning the check alright will become me- chanical.
 If. other inducements are to appear on the back of the check. they are written in order, below the name of the first indorser, and often a check is lndorsed many times. When 1t is de- yirable to make out check payable to some particular person by indors- ing. the person who owns the check writes the words Pay to the order name underneath. Take the case of Mary R. Evans, who holds check made out to her. She wishes to trans fer this check to Elizabeth A. Rob- bins So she writes on the back Pay to the order of Elizabeth A. Robbins" and signs underneath Mary R. Evans. When Elizabeth A. Robbins draws this check she also signs her name.
 The holder of a check must present it for payment within a reasona- ble time, for otherwise the delay Is at the peril of the holder. The req xk,t f~ haYf one reflects that 8 man may nave money in the bank at the time he gives his check and none a week or month after. Sometimes drawers of checks request that a check should not be presented for payment until given time. This, of course, Is an .un-. derstanding between the receiver and giver of the check.
 Az a rule, if a check is drawn in the same place as the payee receives 1t. 1t should be presented for payment during banking hours on the day on ing day, for If the bank falls the loss is on the payee of the cheek. If the bankIis not in the same place where the payee receives the check, 1t should be forwarded by mail either by the payee or through her bank, immediately on its receipt. As an il- lustration, receive q check from Thomas R. Brown of Phoenix, Ariz., made out on his bank. I at once send 1t to that bank for collection, or, bet ter still. take 1t to the bank in which I do business, and they collect 1t for me and credit 1t to me on their books. Sometimes a person receives a check and prefers not to have the money. At the same time she has no bank account on which to deposit 1t. She can, in this case, take the check to the bank and receive a certificate of deposit" which she can draw at any time.
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 Of course, a bank is supposed to know the signature of it's depositor. and if 1t pays /money on a forged check, no matter what the circum- stances, if the depositor is free of blame. all loss must be borne by the bank, for it assumes this risk In un- dertaking the care of funds intrusted to its charge. For this reason, care is usually taken to ascertain that the party presenting a check is the one entitled to receive payment. As Q rule. persons who pay bills by means