ord the safest and cheapest means for
remitting money. Drafts on New York are worth their face value
practically all over the United States in settlement of accounts.

Collections.

A draft is sometimes the most convenient form for collecting an account.
The prevalence of the custom is due to the fact that most men will wait
to be asked to pay a debt. If a draft is a time draft it is accepted by
the person on whom it is drawn by writing his name and date across the
face. This makes it practically a note, to be paid at maturity.

Notes or drafts that you desire to have collected for you by your bank
should be left at the bank several days before they are due, so as to
give ample time to notify the payers.

Borrowing.

Banks are always willing to loan their funds to responsible persons
within reasonable limits. That is what they exist for. There is, of
course, a limit to the amount a bank may loan, even on the best known
security, but the customer of the bank is entitled to and will receive
the first consideration.

The customer should not hesitate, when occasion requires, to offer to
the bank for discount such paper as may come into his hands in the
course of business, if, in his opinion, the paper is good. At the same
time he should not be offended if his bank refuses to take it even
without giving reasons.

Indorsing Checks, Etc.

When depositing checks, drafts, etc., see that they are dated properly
and that the written amounts and figures correspond. The proper way to
indorse a check or draft--this also applies to notes and other
negotiable paper--is to write your name upon the back about one inch
from the top. The proper end may be determined in this way: As you read
the check, holding one end in each hand, draw the right hand toward you,
and turn the check over. The end which is then farthest from you is the
top. If, however, the check, draft or note has already been indorsed by
another person, you should write your name directly under the other
indorsement, even if that is on the wrong end. If your own name on the
face of the check, draft or note is misspelled, or has the wrong
initials, but if the paper is clearly intended for you, you should first
write your name as it appears on the face, and under it your regular
signature. You should indorse every check you deposit, even though it be
payable to bearer.

Mistakes in Banking.

Mr. Samuel Woods, a member of the American Institute of Bank Cle