2. James Reader bought, July 6, 1877, of Johnson & Boswell, 465 Market Street, Philadelphia, 1 copy of Bryant's Poems, Household ed., $1.75; I copy of "A Fool's Errand," $1.25; I copy of "Around the World in Eighty Days," $ 1.75. Write the receipted invoice sent to James Reader. EXERCISE 1. Copy the foregoing account. 2. John McMellen works at carting stones 11 days for Elias Brown, Augusta, Ga.; wages for himself, $1.10 a day; for his horse and cart, $1 a day. Make out the bill, dated 3d April, 1879. 3. Henry Bash, in account with L. Fairwell, Highland, O. February 1, 1882, To 12 Tumblers, @ .10; 12 gals. Molasses, @ .50; 20 lbs. Crushed Sugar, @ .15. February 16, To 8 lbs. Sugar, @ .15; 3 bbls. Salt, @ $1.16. March 6, To 3 lbs. Tea, @ .90. dated March 30. Make out the account, $100000 100' Pittsburg, Pa., April 16, 1879. Sixty days after date, I promise to pay to 7. A. Froude, or order, One Thousand Dollars, without defaleation, value received. The words "without defalcation " Thomas Carlyle. are not necessary in some States. If the note is to draw interest from date, the words "with interest" must be inserted. In the foregoing note, J. A. Froude is the payee and Thomas Carlyle is the maker. The words "or order" make the note negotiable. It may be transferred to a third person by indorsement. The two kinds of indorsement are here shown, the first being an indorsement in full, the second an indorsement in blank : Pay to the order of J. A. Froude. EXERCISE 1. Copy the foregoing note and indorsements. 2. Write a promissory note, with yourself as maker, in favor of Roger Williams, for $ 350, payable in 60 days. 60 3. Boyd & Adams, Lancaster, Pa., gave Myers, Brown & Co., on the 1st of April, 1886, a promissory note for $8751%, payable at the Farmers' National Bank, in 3 months, with interest at 6%. Write Write an indorsement in full, transferring the note to Lukens & Co. Write an indorsement in blank made by Lukens & Co., when the note is deposited at bank for collection. the note. 1044. $2850 100 Duebills Xenia, O., August 27, 1879. Due Wm. S. Hough, or order, Twenty-eight Dollars in Merchandise from my store. 50 100 EXERCISE William Mercer. 1. Copy the foregoing duebill. 2. Write a duebill for $ 10, in favor of Henry Landis. $64575 100 Seranton, Pa., April 1, 1886. at ten days' sight, pay to D. M. Sensenig, or order, at the Williamsport National Bank, Six Hundred and Forty-five 15 Dollars, value re 75 100 eeived, and charge to the account of To A. D. Hower, G. W. Phillips. The signer of a draft is the drawer, the person ordered to make the payment is the drawee, and the person to whom the money is to be paid is the payee. Drafts drawn at sight must be paid when presented to the drawee. The foregoing draft is due ten days after A. D. Hower "accepts" it, i.e. writes across the face the word "Accepted," with the date and his signature. EXERCISE 1. Copy the foregoing draft. "Accept" it. 2. Write a sight draft with yourself as drawer, Jonathan Edwards as payee, and Thomas Clapp, New Haven, Conn., as drawee, for $ 300. Write an indorsement in full, by which the payee transfers the bill to Cotton Mather. Write an indorsement in blank. 3. O. Palmer, of Pittsburg, Pa., draws on J. B. McJunkin, Butler, Pa., for $850. The draft is dated January 19, 1878, and is drawn in favor of James Bredin, at ten days' sight, payable at the Butler National Bank. It is accepted January 23, 1878. It is transferred to E. McJunkin by an indorsement in full, and by him indorsed in blank and presented at bank. Write the draft, acceptance, and indorsements. Laneaster, Pa., April 14, 1889. Farmers' National Bank of Laneaster, Two Hundred and Fifty Dollars. $250.00. 100 EXERCISE M. Brosius. 1. Copy the foregoing check. 2. Write a check for $ 200 in favor of J. Willis Westlake, drawn on Reed, McGrann & Co., Bankers, Lancaster, Pa. Indorse it in full, in favor of Edward Brooks. Indorse it in blank. 3. If, on April 1, 1876, you pay Joel Miller $75% by check on the Strasburg National Bank, how should the check be written? If Joel Miller transfers the check to William H. Bachman, by an indorsement in full, and William H. Bachman presents it for payment at the bank, and receives the money for it, what indorsements must be put on it? 1047. Orders 505 Broadway, A. Y. Samuel Weller, October 21, 1886. Treasurer Mutual Fire Insurance Co., Pay to Oliver Twist, or order, Fifty-eight Dollars, in full for Salary to this date. 5800 100 David Copperfield, See. M. F. J. C. EXERCISE 1. Copy the foregoing order. 2. On January 2, 1880, Carbon & Co., of Carbondale, Pa., gave Mrs. C. Cooper an order on Custer & Conard for 3 tons of Coal. Write the order. 3. Christian Eiseman sold the State Normal School, Millersville, Pa., November 20, 1878, 20 doz. Eggs, @ .124, and 28 lbs. Butter, @.18, receiving for the sale an order given by A. M. Frantz, Chairman of the Household Committee, on J. W. Lansinger, Treasurer. Write |