The Montgomery advertiser., 1907-04-21
Women And Business Partnerships

The guardianship is a trust so per sohal that 1t cannot be transferred. Of course, parents are the natural guardians of their children as long as they are minors, and where 1e- male infant Cor girl under ase), mar- ries, her husband succeeds to the guardianship of her person. In many States an infant over fourteen years of age has a right to select her own guardian and the guardianship usual iy terminates when the ward comes of age.
 What Is compound interest and when is it usedT'.-Anxious Inquirer.
 Interest Is the premium paid for the use of money, It Is usually eertain per cent of the principal. There are two kinds of interest. simple and compound. Simple interest is the per cent charged for its use on the prin- cipal or sum loaned. Compound inter est is interest on interest as well as interest on the principal Compound interest is sometimes called usurious' but this depends entirely upon crcum- stances A common case where com mound interest Is used is where mon ey due is paid by sundry installments. The laws of various States usually fix the rate of interest which may be law fully charged, and also the rate which will be allowed in absence-of agree ment. Where there is no contract person is obliged to pay the legal rate. The amount which can be charged 1n different localities is so varied that it makes what might be usury in one State permissible in another. As usury Is the charging of larger amount of interest than is allowed by the law the penalty is sometimes severe. In some States it Is the loss of both principal and interest, and in others it Is a criminal offense punishable by fine and imprisonment When more than the legal interest has been paid by a borrower, through ignorance Of the law or other reasons. he can in some cases recover the amount so paid from the lender.
 'I have some bonds which bear coupons Please tell rue the exact meaning of these coupons and how l shall collect them?"--A Woman In Vestor.
 Coupons are interest certificates att tached to bonds or notes. When they become due you should cut them on and present for payment at the place or to the person named In the bond The word coupon comes from the French "couper, to cut" and 1t is a convenient way of keeping track of nayments. For instance, woman buys a bond due in five years, inter est payable annually. There would be five coupons attached to the bond, one of which she should cut off and present for payment on each interest day When all five coupons were paid. the principal called for in the bond would be due. Generally a coupon is made payable to bearer and it is really a promissory note equal to the amount of interest due on the bond. If your coupons are payable in a diff ferent place from where you reside. you can deposit them in your bank for collection a few days before they come due and the bank will collect them for you.
 "Can I transfer a negotiable note and what does such Q transfer entail?' An owner of Property.
 Yes, the very name negotiable" in dicates that you can transfer the note, It can be transferred by fndorsement so as to pass the ownership of the note bv tho transfer Usually these notes aya made payable to a certain person