USA > Illinois > Edwards County > Standard atlas of Edwards County, Illinois : including a plat book of the villages, cities and townships of the county. Map of the state, United States and world. Patrons directory, reference business directory and departments devoted to general information. Analysis of the system of U.S. Land surveys, digest of the system of civil government, etc. etc, 1907 > Part 6
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In nearly all of the States one of the two general methods Liven about is followed, with certain changes to make the p in aute & faient a sl satisfactory, and to better nort the derne . and trails of the people et the different dan & Miny of the States con Iune prod features front both these systems, is sont at the States have the township system, wherein cach sabeslisirut has its own board, stul so far as controlling its own iflurs is cola con il, Is smulejiemlent of all offer district .. But local conditions have to many instances made spezial and local pressions necessity that are different in cach State, and white there may be 3 vast ellercine to the one tools followed, the is sen is the same, apel, as a whole, the vinnus systems have accomplished the result of gning the wigthis.t the bath and bevadth of the Une n the granilest and most
take a kis iele the 11:
VIL.
1
GENERAL INFORMATION ON BANKING AND BUSINESS METHODS.
GENERAL INFORMATION Bunkiny una Business Mernoas.
RELATIONS BETWEEN A BANK AND ITS CUSTOMERS
Could bepuanla denec of the other Hostess derstapmrit in late bullsi Stab . bi= fin-
changes, it has brog sal aat with a great deal withthe int present day the entire and .de .l.n .t and te . il of bushw ss is the print. Fr of reality on the books of the base hoppe, and that abill the daily 0
en by the artof tanks with chick trafica dese wing, And in. theores what a very Important part the chttent afrontblende plays in business Life, when it 1- reutemir red that ererreliera ørdraft that chan's. han's, Implica the contence on the pitt et the prty rreriviuz act ueptlug IL, that It will be bouored at the bius when printed.
OPENING AN ACCOUNT.
THE FIRST STEP In the matter of Is Pil1 2 A slepositor aud ensiomer of a bank is the Interview with the buenas tar Verthe Present, er & iher. as the case may be 1f nu'shown ta the boss ser if is preessars for some oca who is known in blentify an tinneh for the applicant ds tring tu torafre and straight forward, for banks are . augs git to be caret_t in this matter as they saabegybenily must handle all the checks, drafts or eschau pro that the prospective sitelomer emplois an bis bisless, so that a har the bush ness of au houe-t man is valnabir to them and is appreci ved, ibat of a dishque't man is shumpert be them to ane . meut of Fish and danger-the same to theur as to every one elos with a how he deals.
The Identification and reference, however. heinz satisfaclotr the pros pective customer li gni u 3 pt == tok' ora. not look, writesbis sicaalure In a buuk kept for that purpose, Is made known to the rerelr.u." ard paving tellers, makes his first deposit and is theu a full fledged customer and depusilor of the bank.
DEPOSITS.
DEPOSIT3 are made tu the follow "," manuer! A "Deposit Ticket " or " Des Tout Blank" Is furnished the customer, and he euters upon this a full* description of all the Heins which he desites entered to his credit stating n betber It Is gold, silver or currehey aud Dialup a separate entry for each draft or Pleck that he deposits. lu entering -neh alems as draftvam', beck+ Kotne banks require n separate ruire for each Hew which will show ppon what bank or at least what Life of Town each draft or check is drawn After having endors of bis name on the back of all ober a> and drifts be bands the "Deposit Ticket," together with .I :bestemis unnel upon il, and his Pass Book, In the recelvin,7 teller, who examines it, care &- off the varlons Items to see that they are all there and enters the total amulet to the customer's credit in the Pas- Book :' and it is also carrivil to bi- p 201 from The Deposit Ticket onto thr buiks of the bank, The "Deposit Tu arl ' 14 an Important feature of the transael.vu, and the customer i- requifel to til this ont watb Ink. It bears bis name and for nate and is carefully pa- served for future reference by the bank to -ettle ant dispare or dif-tence that may arise. So all men are bable to erpour the depositor top ertest wis- takes, should nin a3 s øre that the amutlut of the deposit is correctly eutered In bis book before leaving the bank fra di pa-it is made when i customer has not his "Pass Book' a duplicate to ket should be taken, and the amount entered properly when next at the bank.
It will be seen frum Ihr above that all checks and drafts ate entered to the credit of the customer at the line be chs prostts theto, the satur as fish ReDia. The depositor, however, Is bell responsible for the son pakulent of all ehrekų, drafts and other items depostied as + ash uptil payment has been ascorlalued by thr hank The hank, however, wust use gur ilning ave in attending to thetu nithin a rrasoh ible time. If i check ar alraft is brid beyond a reasonable time atul meath bile, the bank npon wen bir Is drawn faits, the receiving haok would be rumapplied to live It What Is a pason- able time, according to derisious of the ruuris depends upon the pin hm- staners and varies In different cases lo riti. . , where they havea l traring- House, check - up nthr rity hatiks are = xported In reach the i Fraaring House on the next day surpreding the t meuf the deposit ; lent ay hartriks and draftsdrawn hpno other ur distant eifhs are 1Min thistime must le antined for It. m to be presented for paquirol; If the 1 anker, hasever. Is nerhpent concerning it, be must stand the fies buch c & # 4 Very rarely. itestr oprur. and It may safety be stated that in ihr absence of any special or unusual conditionsfor all itemasuch as check. , deafin, Pa ., the banker onis perelteq them for collection for the account of the depositor and then for asteanty 34 bin agent and assuch lecharged with using only due diligence in arend- Ing to the bur 'ties<
DISCOUNTS. LOANS, ETC.
T' TBE word "Disenubl" I+ a: file | be interest who h ft ly aleducted from the woErunt ut the lime a fon lem le mpattor nsq Iu, Inter-st that Is paid In advampe Ille the prenetal rut of falky In asking whoel time laos to
Many liueineks men fall lonlink ine b fl bem fit that a bach ran ghe them, through hesitate yor diffidente im asking bir u ban - apel In many in- MISMaquill Queries of is heldflooring business man and thus frequently
+ al'ieland for largely, and they are af ave gliod lat ge, their money out
each a guarantee the erinin af, whether It be fran a banker or an elli ?
Le grest or lait's, stawald go to the banker prof part + Dal the Millau.
COLLECTIONS
to Live the book thus to give an al intent with a loshe parles. It the court.
cation the bank witt furat h btin with blausk drafts,
STATEMENTS AND BALANCES.
A
Jura ; Tanto , Spr #in error In dll» neiedit .hunold he teparh Plunds High ly .. th bank en that it may be luer tigaled ni re, thihi-t,
NEGOTIABLE PAPER.
PROBAR' Y sha & Prah 41 Gw'lar ty the bisslu .s world of lo diny Js . Negott
oldest fois of anguille paper, and has been in our for a power of centuries. The draft and check . ame mio is at v not h lat i d is, gud the Laks u the plan g of the bill of . as hange as It & is med in & sup ran The Instruments of the - une al kas, which distinguish the ni tura and other por- tracts Ja their nego/nt/Mary. This sausites[w> raline is distal , lements orbrabelir's - first, the jwrwer of Iraninferring Hoy paju e frei ati ow uer to another, so that the assignee shall As noin A unpieir file, and be able to a transfer when me before maturity, In flow Fo sur ir course of husitless, for a consultation to a purchase in good faith, and without tur of any defect or is & Bar, wherehe ill defenses of The water (with few exemptions) are cut sif, and the builder laroute + absolut ly entailed be Folwar
.A written opter or promise wir be perfectis saint as . routr iet ; but it will not be Bez Mitde unless perinin rijitisles are rumpdhl with The Solletran_ requisitos are ladispenseide: It must be wenden ; must be signed; : toitelle absol ite, not depende, upon may contingency at heist im to pay Danet 10 a certain doubt or m an amount e mab'e of tu Ing cr rlain by Population; the time of payment must be verisin of such as will become @ftain; hnt when ho t' ac is expressed the law linphes that pi ment is due immediately: and lastly, the order or promise must be wcompanied by words of negotiability-that is pasable to a certalo pasre's order or to bearer.
PROMISSORY NOTES.
ACCORDING to the general "law mereliant," unaffected by statote, a A
promissory note is the written promise of a person, calleil tbe . braker" to pay ar ertain alot of thrones at acertain time toa designated person turmed the " payer " or to las ouler or beater. It must have all the requisites rant have been mentioned for negotiable paper, otherwise, If It falls in any ot these matters it becomes a contract, as It Utils loses theelement of Regnfla- Fility. Contrarty uias be perfretly vahid without all of the se Trajnisites, but they do not possess the peruhar qualities which belong to neuma-suey notee. It 14 en tomaty in all promissory notes to write the words "satte re- cetved " but this is not absolutely essebllal, as a dahabh fating and value Is Implied in every nete, straft, check, full of ryebange or eh lurarment, It Is the common law of both England and tu s country that ho promise ran be Storeed nuless mudr for a consideration or sealed hnt se,nflaby instru- weols ds a rule air an reception tottle Between :be original partirs a want of runsiueratiou ran be pleaded feat a periners. 10 w. uld base the .no
.Plener and would uperair to de- .74 1 &s between an eudorset and bis i adores, but this only applies to iminedinle partien or In those who had notice of the deleuse or became hudders of the paper aftermaturity. It Ear be stated as an almost lavariable rule th it no alefrase will operate to delest .be recovery if the paper has been napoliated and paste bitte the Landy of an innocent pin baser, in the regular course of histi . before maturity and for value The absence of any of these cloroents buspror, will a low a defense to be set up auit will defeat rreuters rien In the hallus of thank parties if ile an he shenn that there was either a nantuft nulderav ton, that it was obtained by duresy, or fraud or elpromienfim. os fareruy; or that the consideration was illegal, In order in cut off the se defenses and give the hohler the absolute right to recover, all of the emailtinns Dimed must be fulfilled It he purchases the hate rien man ilist after it brumis ilne it Is ' en subject to any defense or set ulf which the taker may have against ine ururir al payre.
Demand of pavirent for a note monst br male at the place where ir lu payshim at the time of maturity; if not paid notice must buon chase y be Even to theruda-wers, min rwise, in a majority of the states, nil : ministe nieuis that are no pilified will be released, If \ tole 14 mostalab dal w 11 But defeat 1, hot will he ernodered as dnird . hen it was made but a well- tra date in prima freie es bilenee of lis hier of makin2. When i peste fall4 Que un sundas, or a h gal hoffday, H hierony u pagalde the shi pperinge t! & som is written .it lenzth in the tumly ind alsu in figures at the corner The written wor.l- enGliol It It destrova thr nezataldihy of is nate lo write In the Insty of IL am randiling4 or runtluzr icles \ valuable Punishler ation Is cot n!# 124 lionev. it may be either any gain or nis antage in the prim- Iwr, or Injury sustain+ | by the premiser at the pram isar's ri quest i pre- rion- ab ot or a llu tualine halghre, o & dehl dur [main a thin" fotnot,
that ist arn div, hm la! ofine by Infaner Fut imen e mural ropableention
Notes have alivade passedfins al ifabing the *Baks of fame " Bbero mot Hie passar ) vi piftbed tu te thier days n+ fully as theach il were an wir: u afest, akossl the Bolt. Es mont et face entier Hon until tin + spration of three ilajh after the date art fair puis ment,
BILLS OF EXCHANGE
T
that by veiling the's ned "w applost ' is eres Be fine and sighs his Natur le.
Jnax Ds
CHECKS
A DIEIT'S on a bank toone fornet -fas lot sat til of Iss langs " put there
THE signaln . Ce any payre ur hugh rim the back of any check. traft, dorment " I simply means the bluing of the phone of the hullet, of pave, * o the back of the hodri ment, this In Healing that, for a . uheldet- Ation, he has rehnquistnul los tillr to il, and in the absence of any copnur- tion or qualification expy weil in the Pidarsement, 11 Implies that 'la en. charger will ser that the instrument Is prant ini , que it Is fint taken ppl the Maki Por akar Where the Instrument Is moule pa, alle th "In an ?" .sto "lohn kims of buster," no "ilora-it is heessary is pass the little -- it hay muchas floors and any bobler may colher Lar sle ugon it the + inte as it he vere the passe Gammal theseb. In case of thekleed If any holderen.
paapode of inflationg Post he wasmal pray if of the passer fais I to Isen dm -empat nf Haftara lo past the titb am o ake ate Jeansfe rufst. In She pp (was up boule h vete top i due se pour able, the other in making & transfer
Fores .a.w. draft, full of . solange site or other heportable in-tru- un nt which Is m uir par alde In ciertain payee nr under' ungt bwar the
to whom a french . i was to paties the prison from whom be secure it
There Are spvFraal kisele nf + polupsa pient -1 och should for miratloned In
Ti-
the th a La the la wieument must the reafter pass through Jibi blos, and it Bal le ar Vis ru birer she ot belege It will be bald ur hundred.
1
Dot charge the ming to dig up wie w . Hu it is entithat in fi cover the money tran The girls who presented B, Hat piv a aberk of which the di sont les. los n fleste sa frans hals it is ad it char har,e th diaver ants with the ori al Amptinh, prin hiru the draner leas Jug It in ant h Imaruls as to make the forgets aralteratiune.st, IN seule of tar States the Signs ny Court be- devlet a eu es where phay wire "raly d" that Hir drawer inist In ir the loss 1- they had farleil in " tar Tras+B Able précaution In prezent il Perfanatis,: um) Putting m.u b' ,'4 pr on the mirket whi h mnakr It almost Itpossible to raiseor aller .up amount- so as to avolt selection, and the leite ms of the decision is prepared the use of these as only a reasonable per intien ou the part ulebeez drawers tu save their bank From fraglir And b.p. s ., honze?, tilopt the plar of writing the amount in red unk ar fuss their signature.
check. It a payer's name is misspelled De y pore on a cheek, the wall l'on Is to endorse it Arsirvaetly gs ILappears ans, then sign the name corre. ty. There is no set+teil rule as to hun + barek- sh ult he draun. In rrart- all the citley It 14 au n wont inv irlable rule In maar them payable ' to un +r" go as to require the endorsement of the payer , hat in smaller lowas many eberk drawers iske them part ? "her brarer," in which case they primite no enilor-ement, and if lost orst & may cause luss-as whoever presents such a check at the bank la er su to payment.
DRAFTS.
A DRAFT is a form of an " Inland bili of esebangr " The tuo fort- of hills of exringe usually entfed " dfralty" are the bank draft for re hài rei and the weight se sime dratt." The bank draft is, to all points and fit. poses, the same as & click, but the term Is usually applied to bideal. ' drang hy one bank npon funds which It may have In some other bank, teruel it- "re respondent," & draft is tut søry .eldem mu . prabetu bearer, it foiug, logist an luvariable rate to make them payable to a Ler. talo pire or unter Tory are negotiable att can be transpire 1 amulell- Bilety by endowment If s droit is lost ap siden. by applying In the bank that issued It. the payment can be stopped, and after the expiration of thirty days a ghipileale til br iske il.
The "Sight Draft " or " Tinie Ihaft," in which rase it reads lo 1 ay alter a certain nwahre of days, is a very volumen mribed of viking collections tools, lis ecelllors, and it serves the double purpose of being in order to pij to a bank or third party, at is alsoa receipt to the debtor It is >.m. D'e in Its wording, the follow. [ being a general form"
CHICAGO, IrVE 1, 15.4 At sight tor ap was y davy after eight as the case may tal pay to the
order of - = Hauk One Thousand Dollars and charge to my du nuut, Th GEO. SIM", NEW YORK, N. Y.
ENDORSEMENTS
ar aa ary th have the side of the bank at hio stipulated time to constitute A And .Pal descand; ant if there are no funds there to mert It, this is wuf-
COPTLEMENT VILL
GENERAL INFORMATION ON BANKING AND BUSINESS METHODS.
Another commaa form et Halting the eudorerisent is to enable (be payee (when it is made pay able to ble order) to transfer his Hitld b,4 1be Instrument without becoming responsible for the payment and making the party to whout li is transferred sasnie all frappliniluliv ceBerthing pay. ment, Tudo tale theend, rser writes the world "Will put lire wirsa" dier Bis elamotore, while b hossam effect of relinquleiding his the whout mak- ing bim Hlabie to the hauler in case the pator fatisiis Iske i1 n1.
Another method of Jousting the endorseun at ta to male item Ational, a rood illustration of which is the following . Par in Johns Sims ar order epan bis delltering la the First Nalintal Hank & warrants dred lu los s, Noek i, etc ." below wbies the emilpreer pues his signature Hle can also make It payable to "A. It salg," or la equivalent wurde, in which case " A. B." cannot endorse li orer
To faut the cutorang hiso the powerbis that his renforcement as he wes les of demand," making ' is endorsement a "di fieral quil sjmel il , haranty of payment " Sdall future b lers, ele , Init be pannel, In his entpriemret either increase or lessen the Imbility at any other indutier on lbp instrument
An endorser, as a rule, Is entitled to bom diate Boller to case the peror falls to pay IL Tule is the case In m ir y all of the I'nited Stases, as it has however, of the general " law turn hout ' base livs mande be statale in sev. etel of the States, real DE to regulable jusqu t. In changing the rinforser's liability by rendering his contract alveste iste of . unditions, making Dolce onucessary uti ds be safees damage through a cast of it, or regele ing a judgment to be test prepsi *vit before bre to ls In a In The abu ! de, the States, it must besa. 1 1. alles hold vector-ert this week lige prompt notice of asa-patient, and it puts be said to im" a / an" if rule of the " .aw merchant" that all partiesso wegoliable paper as enlesers who are ca- Usted to notice are discharged In many of sale The sh winnt, mine and protest must be ma le & Pen'ine to the Lan y of the place n hetr pat able .' The term Pr." " 14" C'estla the om falat by an authorized gersh Casually a Notary Put a wherewe live showme tha forund or urterited manner to welung that a cert on full, draft, s back arocher orzottalle paper bas been presented for accept ance of payment, as the case may be, and been refused This, and the latice of the "Protest," which must be sent to all endorsers and parties to the paper 14 to Antify them officially of its failure.
GUARANTY.
A "GUARANTOR' LA one wbols buntil tu unotber for the fulfillment of promise, or of an engagement, udr ly a third party, This hind ofi's Q. tract 14 very common, Acer-lug to the "statutenf frands 'it minst be in w Fis- ing, and unte-s It is a sea ed inutriquent there must be aruisideration to support it As a rule it is tol Depotable, so as to be rolured by the trans feree as If it had been given to bain by thy' prarantue, but this dependsupon the wording, as, If it Pop' s .'s all the charariefiste auf a ante, pay able to order or bearer, it win te beld negrufiable. Acontract of guaranty is er3. etrued strictly, and, if the lability of the prioripril br materi ally varied ty the act of the party guatn ced, without the rousent of the guarautor, the guarantor i+ discharged. The guarantor is also discharged if the habil :7 or obligation is renewal, of extended by law or otherwise, unless be to writing reviews the contract. In the case of a bank incorporated for twenty sears, which was renewed for ten years more without . b tage of officers. the courts held that the original surelies conbl bot be held after the first term. The guaranty can Iw entorcoileven though the original deht canbut as la the cair in becoming surety for the debt of a minar A guarantor who pars the debt of the pr icipal is entitled to demail from the ereditur all the securities be ho.d'4, or of the nule ur bond which itrelates the deht ; and, 40 some States, the credifor cannot fall back tipon the quarsmur until he bas collected as much as possible from these smaltithis and erbansted legal hremelie+ agan -t the principal. If The ih ht ne ubiiz ction be ne tluri,reed and completed before the guaranty Is given, there must ur a few consider atlon or the gparabfr is vou!
A guaranty 19 ont hin hinz noless the gunrauinr has notice of Its accept- ance, but the lax pre-now . this arrepiniler then the n Ter of goarani; aud acts of the party to whom it is asep, such as de ilvety of | maisur extrading credit are simultaneous Bu an offer ta quarame - a future operailub does not hind the offerer uoir=4 Er bas auch notier of the art rutahre as will af- ford him reasonable opportcoity to make himself safe 4 , rrillor may give his debtor some andulcerer or accommodation withons diprharging che guarantor, unless it should bare the effe t uf prejudi in the interests of the guarantor, in which case he would be releaseil Generally a guarantor mar, at any thur, pay a dell and w, at ntier, hace the right to proceed against the delitur Where there has been failure un Ile part of the princi- pal and the guarantor : . | mali4 to, he moust bice renumable notice -- and notice Is deemed reasonalue If il presente the guarantor from suffering from the Irla)
It te, 10 mahr casey, iliffeult to 4as - and nimi it meets the question of legal liability- warther the proraloeuf out to pas furgons delivered to another is an original promite, sa to pay for one youngourly, lo which case It need not be in writlr z of a promiser to pay the debt or goarauly the promise of him to whom the popla are delivereit, in why benne it must be in writing. The qo-allon generally resalses Useif inta this To what did the sellergive and wayauthorizeil lo gire credit . This Is a question of fact and not of law. If the Fermi of melle? wbi'r that he .haiged Itwrin to the party to whom he de liefert tarm, It is allnu-t hopon ssh . fuerbim to hold the ulher party for It, but ifun theutter bowl P' Is shown that be regarled the goodcasteloswill bethe party whom it is d. - and in hold, but delle ered them In another | 1717 al 1 it Ja wi serait ut his book war I- nos regarded a. a guaranty, bint an itig'na er onlateral promise, and would make ih= party Habir lo prierai a guaranl ir of c bill of mede la haut rhlith 1 to Ouch strict andless " outcome an ealiner in cellul to but only auch botley av shall save hit To in au tunl bint, 49 In can not in ike the want of and that he suffered thi (pl) There Is a ste srktil difference In the elfer Lol A guaranty of the "jis ment " or of the "roller +lin"pfu Helst In the first care Super-oliopray for k to the guardianturni any time , In the latter, the creditor must esbaust Lis iez il remeiten for rullerting It
ACCOMMODATION PAPER
N aromano teflon bill or nate 14 am for which the accepter of funker bas Pri Fired no takpleinfait but les lønl his raspe all credit to mi rum. Enmitate the draw -r pio ar boiler Het looutel beall other parties ji al Char, it would he et ain't it is to the party bir amiesinted He Is not allowed to vel up want of sans|perall n ts & ils ther As against any bother for value But he In net 1. . .. )' , the pourly wir u he tonn arritumodates, Bo maller bow the losirume . may be ilrawn.
IDENTIFICATION
Fine with It the liability why the part of the party why Was the bottom Is
bank assimpre all the rab bismorally speaking, however, It Is an nimmt enduran mij draftauf che ks which are mintitel for sho ultanger Eu thim ates the auderaer bei Hines personally liste leibe bank If any ur all of the droite of rber ba protn wirth/ase
An endorsement watr U Is frequently tunda hy parties who are askes to Mentify uthere to lo mural? lodh min that they know the party ur he the
parce ismet to the check or that the signatureaf the payer ur party in der is Thisis done by wisting the maple' 1.walter is "under the party's
that the aiguathis is pario I, wand the only Ial it's assenmed is that he will
ngon them the burden of the risk
RECEIPTS AND RELEASES
AYY a knowledgemirat th In khis of nitas has been paul hva ferript. A
er.r draw it, taler seul, for is consideration of le a propos to the leuer to any action based on the debtsor planes sa peleas | threin tulessesduderfor receipes A release is in the nature of as willles contrat and the Plate casing be controlled or contradicted by stadence, mel - rou the ground of fest, Hut if in words are anibignone, ur mas base silber of in o or more meanlogy, erbleure In roc, I alle lo drieroue the meaning ;.
INFANTS AND MINORS
GRE lucapacity of a person to makea salir imminent may after [nun several causes, and the fat of being an instant. er unne, Is one of them, The general rule of law may be stated as being that the content of an infant or
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