Up To Date Business by Seymour Eaton

3. Take up the papers of the course paragraph by paragraph and ask

yourself the reason why each is introduced. Discuss with your friends the advantages or disadvantages of particular requirements. OUR NATIONAL BANKING SYSTEM The national banking system of the United States was established by an act of Congress in 1863, revised in 1864, and amended by later legislation. The great advantage of the system, it is said, is the feature of uniformity, the fact that it brings the banking business of the whole United States under one authority and under the supervision of one set of administrative officers. The note-issuing department is subordinate in its public usefulness to the facilities afforded by banks and clearing-houses for the interchange of credits. The essential features of national banks are briefly set forth as follows:

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Chapter 1 Ch.1
2. If your indorsement is the first, write it about two inches from Ch.2
3. Do not indorse wrong end up; the top of the back is the left end of Ch.3
4. Write your name as you are accustomed to write it, no matter how it Ch.4
5. If you wish to make the cheque payable to some particular person by Ch.5
6. Do not carry around indorsed cheques loosely. Such cheques are Ch.6
7. If you receive a cheque which has been transferred to you by a Ch.7
8. An authorised stamped indorsement is as good as a written one. Ch.8
9. If you are indorsing for a company, or society, or corporation, Ch.9
10. If you have power of attorney to indorse for some particular Ch.10
11. It is sometimes permissible to indorse the payee's name thus, Ch.11
12. Do not write any unnecessary information on the back of your Ch.12
5. P of New York has sold goods, £1000, to G of Paris. Ch.13
3. The borrower's record and standing in the community and his Ch.14
5. The character of the merchandise owned by the borrower. What would Ch.15
1. Bills drawn by shippers on the houses to which the goods are Ch.16
2. Bills drawn by importers against commodities placed in brokers' Ch.17
7. One-name paper. Ch.18
1. What in a general sense is meant when we speak of the currency of a Ch.19
2. Enumerate some of the advantages afforded to the community and to Ch.20
3. A bank cheque is a demand order for money, drawn by one who has Ch.21
5. (_a_) A cheque has no date. Does this make it void? (_b_) How about Ch.22
6. How would you word a cheque to give to a person who is unknown at Ch.23
7. You are sending a cheque through the mails to John Brown, Ch.24
8. You identify A. B. at your bank. The cheque A. B. presented turns Ch.25
9. A. B. transfers a cheque to you by a blank indorsement. It is then Ch.26
10. What is meant by power-of-attorney? How should an attorney indorse Ch.27
11. If a note were about to be transferred to you by indorsement and Ch.28
12. Tell how you would receipt for a payment of a note. Why is not an Ch.29
13. Why are notes protested? Why is a formal protest sometimes desired Ch.30
14. If an indorser is compelled to pay a note, against whom has he a Ch.31
5. (_a_) Not necessarily so. (_b_) Such a cheque would under Ch.32
8. Yes. Ch.33
1867. The largest South African diamond yet found was worth $300,000, Ch.34
1. GREAT BRITAIN. Give as full an account as you can of the causes Ch.35
2. GREAT BRITAIN. England is said to be "a beehive of mercantile and Ch.36
3. GREAT BRITAIN. (_a_) Describe the foreign trade of Great Britain. Ch.37
4. FRANCE. (_a_) Describe the conditions which (1) conduce toward, and Ch.38
5. GERMANY. (_a_) Give an account of what Germany has accomplished in Ch.39
6. SPAIN AND ITALY. (_a_) Why are Spain, Italy, and Turkey sometimes Ch.40
7. RUSSIA. (_a_) Describe the social condition of the Russian people. Ch.41
8. INDIA. (_a_) Describe the present condition of the manufactures of Ch.42
9. CHINA. (_a_) Give an account of China's size, population, and trade Ch.43
10. JAPAN. (_a_) Describe the transformation which in recent times has Ch.44
1. AFRICA. (_a_) Describe the "partition of Africa." (_b_) Describe Ch.45
2. AUSTRALIA. (_a_) Describe Australia's "peculiarities." (_b_) Ch.46
3. SOUTH AMERICA. (_a_) Describe the social and political condition of Ch.47
4. CANADA. (_a_) Describe Canada's resources (1) in forest wealth, (2) Ch.48
5. THE UNITED STATES. (_a_) Describe the export trade of the United Ch.49
6. THE UNITED STATES. (_a_) Describe our cotton production and our Ch.50
1. Read the lessons as printed very carefully. The aim will be to give Ch.51
2. Books will not be necessary. The student, however, who wishes to Ch.52
3. Take up the papers of the course paragraph by paragraph and ask Ch.53
1. There is a bureau of the Treasury Department having charge of all Ch.54
2. Any number of persons, not less than five, may form an association Ch.55
3. The powers of the bank are limited to the discounting of promissory Ch.56
4. There can be no national banks anywhere of less capital than Ch.57
5. Shareholders are liable for the debts of the bank to an amount Ch.58
6. Each bank having a capital exceeding $150,000 must deposit in the Ch.59
7. Every bank in certain designated cities, called reserve cities, Ch.60
8. Each bank must keep on deposit in the treasury of the United States Ch.61
9. One tenth of the net profits must be carried to the surplus fund Ch.62
10. A bank must not lend more than one tenth of its capital to one Ch.63
11. Each bank must make to the comptroller not less than five reports Ch.64
12. Each bank must pay to the treasurer of the United States a tax Ch.65
13. Any gain arising from lost and destroyed notes inures to the Ch.66
14. The comptroller has the absolute appointment of all receivers and Ch.67
15. Over-certification of cheques is strictly prohibited, rendering Ch.68
16. National bank directors are by law individually liable for the Ch.69
2. Better facilities for borrowing. It is a common thing for a Ch.70
3. Limited agency of directors. A partner may pledge and sell the Ch.71
6. A retiring partner is still liable for existing debts. A Ch.72
1. Give some particulars in which the Bank of England differs from our Ch.73
2. A bank cheque is a demand order for money drawn by one who has Ch.74
3. You are sending a cheque through the mails to John Brown, Chicago. Ch.75
4. You identify A---- B---- at your bank. The cheque A---- B---- Ch.76
5. What is meant by power of attorney? How should an attorney indorse Ch.77
6. What is a certified cheque? Brown gives A an ordinary cheque for Ch.78
7. Show how all the banks of the United States are connected through Ch.79
9. A national bank has a capital of half a million. A customer asks Ch.80
10. Give some particulars of the liabilities of the officers and Ch.81
11. What is meant by borrowing money on _collaterals_? How is this Ch.82
12. Tell how it is possible for a young man of good character, but Ch.83
13. When rates are high bankers prefer to deal in long-time paper. Ch.84
14. Account for the fact that London is the financial centre of the Ch.85
15. Explain in detail the business of a note broker, giving some Ch.86
16. Enumerate the leading items of resource and liability in a Ch.87
17. A bank receives from the comptroller of the treasury $100,000 in Ch.88
18. Discuss fully the points which should enter into a proper estimate Ch.89
19. Give the successive and necessary steps in the formation of a Ch.90
20. Why are companies which properly exist and belong in one State Ch.91
21. Explain very fully the difference as to resource and liability Ch.92
23. What is the difference between a voluntary association, such as a Ch.93
24. Explain very fully the meaning of _Limited_ when it forms part of Ch.94
25. Is it legal to sell shares of stock and issue mortgage bonds upon Ch.95
1. (_a_) Give some particulars in which the Bank of England differs Ch.96
2. (_a_) What is a stock certificate? How does it differ from a Ch.97
3. (_a_) What provision is usually made for the redemption of Ch.98
4. (_a_) Tell how you would receipt for a payment on a note. Why is Ch.99
5. (_a_) What are the advantages to the banks of a city of their Ch.100
6. (_a_) Enumerate some of the abuses of rate discrimination in the Ch.101
7. (_a_) Give the particulars in which a warehouse receipt resembles Ch.102
1. (_a_) What is a contract? (_b_) What is the difference between a Ch.103
2. (_a_) When is it necessary that contracts be in writing? (_b_) In Ch.104
3. (_a_) What are the different kinds of warranties? (_b_) Suppose A Ch.105
4. (_a_) What is the difference between a public and a private Ch.106
11. GREAT PRIMER. Ch.107
2. _The lower-case_ } Ch.108
10. [Illustration] Matter wrongly altered to remain as it was Ch.109
16. [Illustration] Something foreign between the lines, or a wrong-font Ch.110
17. [Illustration] Line to be indented one _em_ of its own body. Ch.111
4. _Foundry proofs._ Ch.112