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a written one.
Whether such indorsements are accepted or not depends upon the
regulations of the clearing-house in the particular city in which they
are offered for deposit. The written indorsement is considered safer for
transmission of out-of-town collections.

9. If you are indorsing for a company, or society, or corporation, write
first the name of the company (this may be stamped on) and then your
own name, followed by the word "TREAS."
10. If you have power of attorney to indorse for some particular person,
write his name, followed by your own, followed by the word
"ATTORNEY" or "ATTY.," as it is usually written.
11. It is sometimes permissible to indorse the payee's name thus, "BY
____(your own name)." This may be done by a junior member of a
concern when the person authorised to indorse cheques is absent and
the cheques are deposited and not cashed.
12. Do not write any unnecessary information on the back of your
cheque. A story is told of a woman who received a cheque from her
husband, and when cashing it wrote "Your loving wife" above her name
on the back.
V. BANK CHEQUES (Continued)
If you wish to draw money from your own account, the most approved
form of cheque is written "Pay to the order of Cash." This differs from
a cheque drawn to "Bearer." The paying teller expects to see yourself,
or some one well known to him as your representative, when you write
"Cash." If you write "Pay to the order of (your own name)" you will be
required to indorse your cheque before you can get it cashed.
If your note is due at your own bank and you wish to draw a cheque in
payment, write "Pay to the order of Bills Payable." If you wish to write
a cheque to draw money for wages, write "Pay to the order of
Pay-roll." If you wish to write a cheque to pay for a draft which you are
buying, write "Pay to the order of N. Y. Draft and Exchange," or
whatever the circumstances may call for.
[Illustration: A cheque made to obtain money for immediate use.]
If you wish to stop the payment of a cheque which you have issued you
should notify the bank at once, giving full particulars.

Banks have a custom, after paying and charging cheques, of cancelling
them by punching or making some cut through their face. These
cancelled cheques are returned to the makers at the end of each month.
If you have deposited a cheque and it is returned through your bank
marked "No Funds," it signifies that the cheque is worthless and that
the person upon whose account it was drawn has no funds to meet it.
Your bank will charge the amount to your account. The best thing to do
in such a case is to hold the cheque as evidence of the debt, and write
the person who sent it to you, giving particulars and asking for an
explanation.
If you wish to use your cheque to pay a note due at some other bank, or
in buying real estate, or stocks, or bonds, you may find it necessary to
get the cheque certified. This is done by an officer of the bank, who
writes or stamps across the face of the cheque the words "Certified" or
"Good When Properly Indorsed," and signs his name. (See illustration.)
The amount will immediately be deducted from your account, and the
bank, by guaranteeing your cheque, becomes responsible for its
payment. Banks will usually certify any cheque drawn upon them if the
depositor has the amount called for to his credit, no matter who
presents the cheque, and this certifying makes it feasible for a man to
carry in his pocket any amount of actual cash. If you should get a
cheque certified and then not use it, deposit it in your bank, otherwise
your account will be short the amount for which the cheque is drawn.
In Canada all cheques are presented to the "ledger-keeper" for
certification before being presented to the paying teller.
[Illustration: A certified cheque.]
THE USEFULNESS OF BANKS
Banks are absolutely necessary to the success of modern commercial
enterprises. They provide a place for the safe-keeping of money and
securities, and they make the payment of bills much more convenient
than if currency instead of cheques were the more largely used. But the
great advantage of a banking institution to a business man is the
opportunity it affords him of borrowing money, of securing cash for the

carrying on of his business while his own capital is locked up in
merchandise or in the hands of his debtors. Another important
advantage is to be found in the facilities afforded by banks for the
collection of cheques, notes, and