capacity may, by an instrument in writing, signed and sealed by them, submit to one or more arbitrators any controversy existing between them, and may, in such submission, agree that a judgment of any court of record, competent to have jurisdiction of the subject-matter named in such instrument, shall be rendered upon the award made pursuant to said submission.

The Agreement to Submit should state explicitly what powers are intended to be conferred on the arbitrators, either by referring all controversies, or by distinctly limiting the particular controversies intended.

Reasonable Notice.-All arbitrators and all parties should have reasonable notice of the time and place of the hearing.

The Proceedings at the hearing, and the award itself should perfectly agree with the terms of the agreement to submit.

The Award should be a clear, distinct and final determination of each and all the matters of controversy contained in the agreement, and should embrace nothing more. If it be a rule of court it should be sealed up, otherwise a copy should be given to each party. The award must be signed by the arbitrators.

Submission May Be Recalled.-Before the award of the arbitrator or arbitrators is made, either of the parties to the controversy may withdraw his offer to accept the decision of the arbitrators. He must, however, give formal notice to each and all of the other parties of his intention, or his withdrawal is of no effect. The party who thus recalls the arbitration is responsible for all the costs and damages that have occurred in consequence of his previous consent to submit to arbitration.

Form of Agreement to Refer to Arbitrators

Know all Men by These Presents, That we, the undersigned, hereby mutually agree to submit all the matters in difference between us, of every kind, name, and nature, to the determination and award of Chas. Barker, Wm. Becker, and Robert Rehling, of Logansport, Cass County, Indiana, as arbitrators.

That said arbitrators, or any two of them, shall hear and determine the matters in dispute between us, and award the payment of all the costs and expenses incurred in such arbitration. That the said arbitrators shall make their award in writing on or before the fifteenth day of April, A. D. 1911. Done at Logansport, Indiana, March 15, A. D. 1911.

R. L. RAY,

HENRY GASSER,
ROLAND R. CODY.

GENTLEMEN: You have been chosen arbitrators on behalf of the undersigned, to arbitrate and award between them, in divers matters and things

set forth in their submission, which will be produced for your inspection when you meet at, in, on the - day of, at - o'clock

allegations and proofs.

Dated, etc.

M., to hear the

HENRY GASSER,

ROLAND R. CODY.

THE HAGUE

The International Court of Arbitration located at the Hague in Holland, is intended to and undoubtedly will, ultimately, banish war. The treaty establishing this court where all matters of dispute between nations is to be settled by arbitrators, chosen in accordance with the terms of the treaty was signed by the United States, Great Britian, Germany, Russia, Mexico, Brazil, Belguim, Norway, Sweden, Denmark, Switzerland, Italy, Creece, Japan and other nations. Andrew Carnegie contributed One and one half millions of dollars toward the erection of a suitable building, now nearly completed for the accomodation of this court. It is a magnifiicent structure, worthy of its purpose, artistically designed with reference to it.

ASSIGNMENTS

An Assignment is the transfer of a debt, obligation, bond, wages, or any kind of property, personal or real, or any actual interest therein. It also signifies the written instrument by which the transfer is effected.

How Made.-An assignment may be written on the back of the instrument it is intended to convey, or on a separate paper. No Formality is Required by law in an assignment. Any instrument between the contracting parties that goes to show their intention to pass the property from one to the other will be sufficient. Proof will be called for only when it appears that it was merely a sham or fraudulent transaction.

Lands and Tenements.-Assignments relating to lands and tenements must be duly signed, sealed, acknowledged and recorded, like a deed,

For Benefit of Creditors.-Where property is assigned for the benefit of creditors, its actual transfer to the assignee must be made immediately. Such an assignment covers all of the assignor's property, whatever and wherever it may be, which is not exempt from execution.

Preferring Creditors.-At common law the assignor might give preference to certain of his creditors, but this is now generally prohibited by statute.

Correct Schedules of the property assigned should accompany the assignment in all cases.

An Assignment of a Mortgage carries with it, at the same time, without a transfer, the debt note or bond.

Some Things are not Assignable, as an officer's pay or commission, a judge's salary, government bounties, personal trusts, as a guardianship, or the rights of a master in his apprentice.

Form of Simple Assignment

For value received, I hereby assign all my right, title, and interest in the within contract to Chas. Hillman.

Dated Cleveland, Ohio, June 10, A. D. 1911.

MAURICE SANDFORD.

Assignment of Account

In consideration of One Dollar, value received, I hereby sell and assign to W. C. Cole the within account, which is justly due from the within George Sanders, and I hereby authorize the said W. C. Cole to collect the same. Chicago, March 10, 1911. JAMES HASTER.

Assignment of Mortgage

Know all Men by These Pres nts, That I, William Bower, the within named mortgagee, for a consideration of Six Hundred Dollars hereby assign, transfer, and set over to Henry Klingman, his heirs and assigns, the within named instrument of mortgage, and all the real estate, with appurtenances therein mentioned and described, to have and to hold the same forever, subject, nevertheless, to the equity and right of redemption of the withia named James Yundt, his heirs and assigns therein.

In witness whereof, the party of the first part has hereunto set his hand and seal this fifth day of April, A. D. 1911.

Sealed and delivered in presence of

EDWARD MILLER.

WILLIAM BOWER. [SEAL]

Assignment with Power of Attorney

In consideration of the sum of One Thousand Dollars (the receipt of which is hereby acknowledged), I do hereby assign, transfer, and set over to Martin Scott (of Chicago, Ill.) all my right, title, and interest in and to

[here describe what]. And I hereby constitute said Martin Scott my attorney, in my name or otherwise, but at his own costs and charges, to take all legal measures which may be proper or necessary for the complete recovery and enjoyment of the premises.

Witness my hand and seal this twentieth day of January, A. D. 1904. (Witnesses) HENRY LONG.

Assignment for the Benefit of Creditors

Know all Men by These Presents, That whereas I William Colerage, merchant of the city of Minneapolis, and State of Minnesota, am indebted to various persons in considerable sums of money, which I am at present unable to pay in full. and being desirous to convey all my property for the benefit of my creditors, without preference or priority other than that provided by law:

Now, therefore, I, in consideration of the premises, and of the sum of One Dollar paid to me by Chas. Watson, of the same city and State, do hereby grant, bargain, sell, assign, and convey unto the said Chas. Watson all my lands, tenements, goods, and chattels of every name, nature, and description, wheresoever the same may be, excepting and reserving only such property as is exempted by law from attachment.

To have and to hold the same unto the said Chas. Watson, in trust and confidence, tc sell and dispose of the said real and personal estate for cash upon such terms and conditions as in his judgment may appear best, and apply the proceeds in the following manner, to wit:

First. To pay all such debts as by the laws of the United States are entitled to preference in such cases.

Second. To pay and discharge all the just and reasonable expenses, cost, and charges of executing this assignment.

Third. To distribute and pay the remainder of said proceeds to the creditors of the party of the first part for all debts and liabilities which he may owe, rateably, in proportion to their respective claims.

Fourth. The residue and remainder of the proceeds of said sales, if any there be, shall be paid over to me, my executors, administrators, or assigns. In witness whereof, I have hereunto set my hand and seal this fifteenth day of February, A. D. 1904.

Executed and delivered

in presence of

JOHN MYERS,

HENRY BEST.

WILLIAM COLERAGE. [SEAL]

BAIL

Definition.-Bail is surety given for another's appearance in court. It is required in criminal cases generally and in civil cases involving tort or fraud. The term bail is applied also to the sureties themselves, and to the amount in which they bind themselves for the appearance of their principal.

Excessive Bail.-The constitution of the United States and the several States provide that excessive bail shall not be required.

Bail Bond. The bond given by the sureties is termed a recognizance, and in case the prisoner does not appear for trial, or forfeits his bail, as it is termed, the sureties have to pay whatever sum is pledged in the bail bond or recognizance.

This day personally appeared before the undersigned, a justice of the peace in and for said county, Charles Seibert and Frank Stanton, all of Aurora, in said County and State, and jointly and severally acknowledged themselves to be indebted unto the people of the State of Illinois, in the sum of Five Hundred Dollars, to be levied of their goods and chattels, lands and tene

ments.

Whereas, the above bounden Charles Seibert, on the tenth day of March, A. D. 1911, was brought and examined by and before John Brown, a justice of the peace in and for the county aforesaid, on a charge preferred against the said Charles Seibert, for [here state the offense charged] in said county, and the further examination of said Charles Seibert having been continued to the ninth day of April, A D. 1911, at 10 o'clock A. M. and the said Charles Seibert having been adjudged and required by the said justice to give bonds, as required by the statute in such case made and provided, for his appearance to answer to said charge. Now the condition of this recognizance is such that if the above bounden Charles Seibert shall be and appear before the undersigned, at his office, in the city of Aurora, in said county, on the ninth day of April, A. D 1911, at ten o'clock, A. M., then and there to answer to the said people of the State of Illinois, on said charge. and abide the order and judgment of said court, and not depart the same without leave, then and in that case this recognizance to become void, otherwise to be and remain in full force and virtue.

As witness our hands and seals this tenth day of March, A. D. 1911.

CHARLES SEIBERT. [SEAL]
FRANK STANTON. [SEAL]

Taken, entered into, and acknowledged before me this tenth day of March, A. D. 1911,

JOHN BROWN, Justice of the Peace.

BAILMENTS

Definition.-Bailment is a delivery of goods or money by one person to another in trust, for some special purpose, upon a contract, expressed or implied, that the trust shall be faithfully executed.

Names of Parties.-The owner of the goods bailed is termed the bailor, and the person to whom they are delivered or bailed, the bailee.