Banks of this country do by a rule not to exchange for money the check, which will delay subject to

Banks of this country do by a rule not to exchange for money the check, which will delay subject to payment to order if the person representing the check, is not known in bank - or if it satisfies the paying cashier, that it - really person to whom money should be paid. It it is necessary to remember, however, that the check delayed to order and then confirmed in the form the addressee of payment, is really the check payable to bearer and if the paying cashier is satisfied, that the signature of the addressee of payment original it it will not be probable to be confused to exchange for money the check. In England all checks obviously properly confirmed, are paid without identification. In drawing of the check in favour of the person hardly to be known in bank circles, write its address or its business after its name on the person of the check. For example, if you send the check to John Smith, Boston, it can probably fall in wrong John"s Smith hands; But if you write the check to advantage 'John Smith, 849 Streets Tremont, Boston,' more than possibly, that the correct person will collect it. If you wish to exchange the check where you are unknown for money, and it is not convenient for the friend, which has a bank account to go with you for [243] purpose of identification, ask, that it has placed the signature in
Back your check and it is probable, that you will not have a trouble in reception, it exchanged for money. Placing its signature in the end of the check he guarantees to bank against loss. The bank is responsible for signatures of its investors, but he as it can be assumed, does not know the signature indorsers. The reliable identifier - actually the person who is responsible.
CHECKS IN THE SPECIAL PURPOSES