Combined Advertising Sheet and Demand Draft.
Year: 1893

page_text: Date of Application, 14th Mar., 1893-Accepted, 8th July, 1893
COMPLETE SPECIFICATION.
Combined Advertising Sheet and Demand Draft.
We, GEORGE HENRY DREW, and AZEL AMES, Jr., both of No. 53 State Street,
in the City of Boston, in the County of Suffolk and State of Massachusetts, United
States of America, Gentlemen, do hereby declare the nature of this invention and in
what manner the same is to be performed, to be particularly described and ascer-
tained in and by the following statement :-
This invention has for its object to provide a combined advertising sheet and
demand draft which shall enable advertisers named on the said sheet or certificate
to pay for the advertising they have received out of a part of the proceeds of the
sale of the goods advertised, and which shall further enable sellers of standard
articles of a fixed value, such as postage stamps, to receive a profit from the buyers
of such articles, and the buyers in turn to receive the amount of said profit from
the advertisers.
To these ends the invention consists in the combined demand draft and advertising
sheet as hereinafter described and claimed.
Of the accompanying drawings forming a part of this Specification.
Figures 1 and 2 represent views of the two sides of a combined advertising sheet
and demand draft embodying our invention.
The same letters of reference indicate the same parts in all the figures.
In carrying out our invention, we print upon a slip of paper a series of names or
advertisements at a a, and demand draft or order at payable by either of the
advertisers whose advertisements appear on the slip or sheet.
The advertisements
are preferably radially arranged as shown, although any other suitable arrangement
may be adopted. The demand draft or order is addressed to the advertisers of, or
dealers in, articles named on the sheet, and instructs them to pay and allow to the
bearer a specified amount, as one cent, in the purchase of any article advertised on
the sheet, the amount allowed being a fractional part, as one tenth, of the price of
the article.
The combined advertising sheet and draft may be used in the following
manner.
The proprietor of a coin controlled machine for selling articles of value, such as
postage stamps, encloses in a suitable box or package, stamps of the value of
four cents, and one of the above described certificates, the face value of the draft
being one cent. A purchaser of stamps by depositing five cents in said machine
would receive one of said packages, and therefore a full equivalent for the money
expended, the value of the stamps being four cents, and the value of the certificate,
as a medium for use in purchasing goods, one cent.
The certificate also contains a guarantee printed at c by the seller of the stamps
to the effect that it will be received as part payment for the goods advertised
thereon.
It will be seen that by the use of the described certificate, articles, such as postage
stamps may be sold at a profit, and without loss to the purchaser of the stamps, and
that advertisers are required to pay for the advertising they receive only when the
advertisement has borne fruit.
It will be seen that the described invention comprises, first all the usual and
regular characteristics of a commercial demand draft with additional co-ordinate
features alike unique and useful and together productive of new and useful results
and, secondly, an advertising medium carrying a plurality of displayed advertise-
ments easily varied, and holding a reciprocal relation to each other and the draft.

page_text: As a demand draft, it possesses all the elements and legal conditions and require-
ments of a commercial demand-draft, under limitation- but as a draft has the
following unique features:
1. It is perpetually self-limited and always uniform in its amount, and in its
demand upon payers, whether immediate or subsequent, named upon the draft, and
holds a fixed relation to them.
2. It is drawn upon a plurality of (changeable) payers, (present or future), and
while accepted in advance by all upon whom it is drawn, is actually redeemed by
but one.
3. It is payable only on definite and uniform conditions of exchange in trade,
which must be present with it to make it effective and valid.
4. It is a legal exponent of values, having a widely extended convertibility, yet,
as such, is protected by specified trade conditions and limitations against either
general couvertibility, or being itself counterfeited.
5. Its functions and negotiability as a draft cease automatically by intrinsic
limitations upon payment by any one of the plural payers (advertisers) present or
future, upon whom it is drawn.
6. It is an exact exponent of the amount of business done by the maker of the
draft with his business connections, and is a perfect check upon the accounts of the
maker and the acts of his employees.
7. It is a ready and positive exponent to each payer who takes up the draft, of
the cost to him, of his advertising through it, as well as of the return it gives him
from his advertising.
Having now particularly described and ascertained the nature of our said
invention, and in what manner the same is to be performed, we declare that what
we claim is.
A combined non-separable demand draft and advertising sheet bearing the names
or announcements of a number of dealers and a demand draft on, and a guarantee
that the draft will be honored, for a specified amount, by any dealer indicated
thereon, as set forth.
Dated this 24th day of February 1893.
GEORGE HENRY DREW.
AZEL AMES, JR.