Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-15

By assuming much we learn little
and women who do not know what q
check is and what it is not have much
to learn. A check, for example, Is not
a check when it has been stopped at
the bank. But under what conditions
can a check be legally stopped?
Frequently one woman will cash an
others check. or receive it in payment
for something. AS long as the check
Is in the hands Of the party to whom
1t has been made payable 1t can be
stopped at the bank for good and suf-
ficient reasons. If the payee. or re-
ceiver of the check, should pass the
check on to some one else, it must be
honored.
AS soon as a third party. or it may
be a fourth OF fifth party, accepts the
check in good faith she holds the check
for its full value. 1t doesn't matter If
the original payer of the check or she
who made 1t out to the bearer got full
value for the check or not. It should
be remembered, however, that the last
holder of the check has the privilege
of deciding whom she shall hold liable.
Another delusion many women labor
under is that a certified check Is as
good in every instance as money. When
q check is certified. 1t simply means
that an amount of money sufficient to
honor the check Is being held at the
bank to meet payment. If. meanwhile,
the payer of the check decides that she
doesn't want the check to go through,
she can still have it stopped by getting
a court order or by making an affidavit
to her bank and posting bond.
Women are embezzled and defrauded
out of money every year by various
certifed-check schemes.
Another common fallacy is to believe
that once a check is deposited to one'S
account at the bank 1t is good. Banks
accept checks "for collection" and II
they cannot collect they will notify
you to that effect and return the check
marked IN. g." insufficient Funds,
mo Account" and so forth.
The date on a check is the date of
its maturity, and If 1t is held beyond
that time payment may be protested.
There are few worse financial habits
than that of keeping checks around for
weeks at a time. 1t upsets somebody S
balancing and increases the danger OF
loss or theft 1t may take time to go
to the bank and deposit the check. but
checks may be deposited quickly and
satisfactorily by mail. They should be
Endorsed with ones name and sur
charge "pay to order of -, for de-
post only"
Crafty individuals have a habit Of
forgetting to sign their names on
checks OF large denominations, or oat-
ing them ahead. or sending them
tardily with back date written on
all of these subterfuges being intended
to save time and interest or to forstaH
payment. check is not check I'M
less it Is collectible, and every woman
should know when it Is or Is not.
Child's Vacation.
One Of the financial problems OF our
Summers is how much we can afford to
pay for our childrens vacations and
where and how the amount shall be
spent In buying" a vacation. as in
buying anything else, we should prac-
tice the same economy that guides us
in other things. In determining the
Summers problem we have these alter
natives: Arrange to have the children
with us at home or In the country; ar
range to have the children away at
camp or with relatives.
It Is becoming customary nowadays
to send our children to camp so that
they may be in healthful surroundings,
with congenial children of their own
sort. The advantage Of such an ar
rangement Is obvious.
Not so obvious are the ways Of financ-