HOW TO KEEP FARM ACCOUNTS. 



BUSINESS PAPER. 



226. If yuu receive a check or draft made payable to the 

 order of the party sending it to you, and he has not endorsed it, 

 it is worthless as far as you are concerned. Return it to the 

 sender for endorsement. 



227. Sliould you haA'e endorsed it before noticinjjj the send- 

 er's failure to endorse, erase your name by drawing lines through 

 it with a pen. 



228. If you discount notes at your bank, which have en- 

 dorsers, do not waive protest, as the security may be released. 



229. When buying drafts always have them made payable 

 to your (vwu order, and then endorse them over to the person you 

 wish to pay. , 



230. All checks should be made payable "To order." They 

 (?annot then be transferred without endorsement, and constitute 

 in themselves the best receipt you can hold for money paid. This 

 is one of the many reasons why you should have a bank accoiint. 



231. Nowadays all checks are printed to read ''Pay to the 

 order of." If you want currency, simply write "Cash" after "Pay 

 to the order of." This is, in effect, the same as making it payable 

 to bearer. , 



232. If a discrepancy exists between the amount as written 

 in the body of a check, draft or note, and amount in figures in the 

 margiE, the former is held to be the intended amount; but banks 



233. No particular form is necessary for a note, but it must 

 contain an order to pay or promise to pay. 



234. The cancelled note you receive should never be 

 destroyed — tear the signature through the middle and destroy the 

 torn off piece. It isn't of any value then to anybody but yourself, 

 and there may come a time when you will need it as a voucher. 



235. INDORSING CHECKS.— If you wish to make a draft 

 or check payable to another, write on the back, about three inches 



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