This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1919 Excerpt: ...be sent to it. A bank that has discounted or purchased a note that is dishonored may bring suit for recovery against either the maker or indorser, or both, and it is customary, for the sake of the notary's evidence, to make protest even when there is no indorsement or the maker and indorser are the same. Care is exercised in protesting lest non-payment be due to accident or inadvertence, and every reasonable effort is made to secure payment before resorting to what is regarded as an extreme measure. Usually a record is kept of all cases of protesting. A matter requiring mention is the fact that in some States the law still allows three days' grace for the payment of notes after they fall due, and notice must be taken of that fact in collecting notes in such a State. XXII THE...

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