410 
ders for goods, defigned for a particular 
fedfon or object; confequently the imme- 
Giate advantages which would otherwife 
have attached to the Britihh trader were 
loft; the arrangements of his correfpon- 
dent defeated. 
To obviate thefe inconveniences, I 
would propofe that at our coffee-houfes 
there fhould be a regifter kept of bills 
protefted for non-acceptance, and even 
of accepted bills protefted for non-pay- 
ment, of the chance of an interference 
hefore the return of the bill; which, by 
the cuftom of merchants, muft be made 
by the firt fuitable conveyance after it is 
protetted for non-payment. Each coffee- 
houfe to confine itfelf to the place or places 
it reprefents, and their dependencies ; and 
every perfon defirous of. inferting their 
difhonoured bills fhould pay a {mall fee for 
each bill. . And it may be proper to add, 
that as there is a regular commiffion 
chargeable for the intervention of a party 
for the honour of the drawer, or any of 
the endorfers, this intervention, I am per- 
fuaded, would he more frequent, had the 
commercial world the means of eafily in- 
forming themifeives of thefe opportunities 
ef proteéting the fignature of their friends. 
Reference to this regifer need only be 
granted to men of bufinefs; and there 
could not be any thing indelicate in this 
refecerice, after the difhonour ot a bili had 
been segiftered in the beoks of a notary, 
or promulgated by a public infrument. 
‘The cuftom being eftablifhed at Ham- 
Remarks on Bills of Exchange. 
[Dec. 1, 
burg, and other commercial places, of re- 
ciftering bills, drawn payable in Londen, 
protefted for non-acceptance, would alig 
be found facilitating to commerce, as the 
correfpondent at Hamburg, &c. of the 
London merchant would fometimes per- 
ceive names, either of drawers or en- 
dorfers, cf whom he had knowledge, and 
might occafionally be difpofed to direct 
his London correfpondent to interfere, on 
joint account or otherwife, either with or 
without the provifo of the latter having 
any additional fatisfactory information re- 
lative to the folidity of any particular en- 
dorfer or of the drawers. 
There is yet another benefit attached 
fo the plan :—the needy holder of a Weft 
India, &c. bill, finding no chance of pay- 
ment, is fomeiimes induced to endorfe it 
over to an individual for the purpefe of 
raifing an immediate fum. There have 
been inftances of bills fold at a difcount of 
ro to 20 per cent.; leaving to the pur- 
chafer the rifk of recovery of principal, 
and advantage of ihe ufual damages. 
The purchafe of bills, under thefe cir- 
cumftances, has ever been deemed indeli- 
cate, and confined generally to a clafs of 
men, whofe finer feelings have become 
abforbed in a favourite vortex. = 
I annex a fketch of the fyfem I have 
in view, andam, Sir, 
“Your moft obedient fervant, 
Broad fireet-buildings, B.A 
Nov. 9, 1804-6 
NEW YORK COFFEE-HOUSE. 
L a g} 7 ey e Sum. Endoxfers. pos 
Rie, Biii! peetan MO 5 = eRe 5, 
4 1805 | £. 
Jely 33 Rochelle | New |B. £. &|Jan. 5.{ioco| W. W. & Co. >>. 
and Co. | York. |Co. 4 M. M. seo. L. W. & 
A.R. . | SOD, 
W.&M Strand. 
TAMAICA COFFEE-HOUSE. 
1Z04. 
Aug.31 
LaSomme) seria VW.& 
1804.| £. ‘ 
Nov. 4.| 500 |W. J. W. & 
This bill will be 
W. B. and/fent out per pack- 
Co. ~ jet of Sth im 
W. B. & Co. 
i a ee 
