Year: 1878

OF are othefWlSe without property, but are
willing to make present sacrifices in order
to Use to condition of independence.


RECEIPTS AND BILLS.


One of the simplest transactions of bust
ness is that of taking a receipt for the pay
ment of money. 1t might have been passed
over but for recent occurrence. lady
paid bill, took receipt, and on returning
to her home she burned it. On being asked
why she destroyed it, she replied 81 al
ways like to feel sure that it can't come up
again. AS she is very intelligent woman,
we can not presume that her case is anoma-
lous.


As general rule a receipt should be
taken for all payments of money and a
receipted bill for all payments of things
purchased.


bill receipted is especially important
where one is in the habit of buvine on
credit, for the most careful merchant may
present you bill which you have already
paid, and a careless merchant is yet more
liable to do it. In such cases hard feelings
or serious trouble may ensue, unless you
avoid it by paying the bill the second time.
See that bills are dated and signed. Ex-
anime the extensions and footings. Re-
ceipted bills are also very useful for refer
ence, and much mole to be depended on
than ones memory.


| Bills and receipts should, therefore, be
preserved. They should be neatly folded
to one width, and on one end should be
written the name of the payee, or recipient
of the money, with the date of payment,
and then secured together and laid in
convenient place for reference.


BANK CHECKS AND POSTAL MONEY ORDERS.


l. bank check is simple order on
bank for money. They are furnished to
you at the bank, in book form, where your
money is deposited. Every check, before
| it is cut off, should be entered in the mar
! gin, i. e., the number, name, amount and
date. AS rule, they should be used for
all payments of considerable size. They
should be drawn payable to the order of
the payee-the one paid-for then when
they are returned to you, cancelled by the
bank, they constitute the best evidence of
payment, and should be preserved.
.. When you take a check which is not
certified it should be deposited or present
ed for payment as soon as practicable A
check has not the enduring quality of
note, which is good for years, but after a
reasonable time, if it be not presented for
payment, the drawer is not legally holden
to it. This information cost the writer
large sum of money. Another reason for
the prompt presentation of check is, the
| funds in bank against which it is drawn
may be exhausted before your check is pre-
sented, and when you call you may hear
the appalling words, 60 No funds"


8. But if for any reason you wish to hold
the check for time, take it to the bank
against which it is drawn, for certification
If they stamp it good it is as good as the
bank which certifies it, and will endure
like note.


4. 1t sometimes occurs that person
whose bank account is chronically low will
offer you a check that is dated "ahead;"
such check would not be paid at bank
until it is due; meantime the drawer might
fall and the check become worthless


). Checks drawn payable to your order
should not be indorsed until you wish to
deposit or use them, for without your name
on the back they could not be used by any
one who might get unlawful possession of
them.


G. Checks made payable to order are
convenient method of transmitting funds
in small amounts to limited distance as
for the payment of periodical-and cost
nothing. But for distant payments postal
orders are better; and for large amounts
regular bank drafts should be used, which
are furnished by the banks. If they or the
checks spoken of should be stolen or lost,
there would be no loss TO you. for the loss
would fall upon the one who might pay
them to the forged Endorsement.


7. Never accept check or note without
carefully reading it, and never accept
money without carefully counting it on the
spot.


on DEMAND NOTES.


1t is not to be supposed that women will
often have occasion to understand the
thousand and one kinks which appertain to
notes. But few things are important
which we will endeavor to indicate. Notes
are of different kinds, and we will notice:


/. Those which are payable on demand
like the following:


500. New YORK, -, 1877.


On demand for value received, promise
to pay to the order of Jane Roberts one
hundred dollars with interest semi an
nualy. ROBERT JONES.


In those States where the rate of interest
is not fixed by law, the rate should be spec-
fed, but elsewhere it is unnecessary to
specify the rate. If the interest is to be
paid semiannually, it should be so stated


3 The words "vaue received " should
not be omitted.


3. If a note is made payable to your or
der. and you wish to retain it, withhold the
indorSement-on the back--so that if the |
note be lost or stolen you will not suffer
harm, for it has no value, except to your
SELF until you indorse it. If any one else
indorses your name upon it, it is forgery
But if note is indorsed and is lost or
stolen, and comes into the hands of third !
person for valuable consideration, who
holds it innocently-that is believes the
person from whom he received it was the
rightful owner-it is no longer yours, in
law, but his.


4. If you part with note payable to
your order, and do not wish to guarantee
it, indorse it, and write 0rer your name the
words, Without recourse to me-" With |
out those words ocer your name, you would |
be holden for time, and by a timely pro-
test your responsibility would be perpetu
ated.


). The lifetime or validity of note is
by law limited But if the maker or
drawer of it pays the interest on it from
time to time, it is a ACKNOWLEDGMENT of