For value received, we, jointly and severally, promise to

dollars

cents, on ALDEN FAITHFUL.

JAMES FAIRface.

pay to C. D., or order,

demand, with interest.

Attest, CONSTANCE Adley.

Observations.

1. No note is negotiable unless the words " wise " or bearer," be inserted in it.

cr order," other

2. If the note be written to pay him "or order," (No. I.) then Oliver Bountiful may endorse this note, that is, write his name on the backside, and sell it to A, B, C, or whom he pleases. Then A, who buys the note, calls on William Trusty for payment, and if he neglects, or is unable to pay, A may recover it of the endorser.

3. If a note be written to pay him " or bearer," (No. II.) then any person, who holds the note, may sue and recover the same of Peter Pencil.

4. The rate of interest, established by law, being six per cent. per annum, it becomes unnecessary, in writing notes, to mention the rate of interest; it is sufficient to write them for the payment of such a sun, with interest, for it will be understood legal interest, which is six per cent.

5. All notes are either payable on demand, or at the expiration of a certain term of time agreed upon by the parties, and mentioned in the note, as three months, a year, &c.

6. If a bond or note mention no time of payment, it is always on demand, whether the words "on demand" be expressed or not.

7. All notes, payable at a certain time, are on interest as soon as they become due, though in such notes there be no mention made of interest.

This rule is founded on the principle, that every man ought to receive his money when due, and that the nonpayment of it at that time is an injury to him. The law, therefore, to do him justice, allows him interest from the time the money becomes due, as a con.pensation for the injury.

8. Upon the same principle, a note, payao on demand, without any mention made of interest, is on interest after a

demand of payment, for upon demand such notes immediately become due.

9. If a note be given for a specific article, as rye, payable in one, two, or three months, or in any certain time, and the signer of such note suffers the time to elapse without delivering such article, the holder of the note will not be obliged to take the article afterwards, but may demand and recover the value of it in money.

BONDS.

A Bond, with a Condition, from one to another.

Know all men by these presents, that I, C. D. of, &c., in the county of, &c., am held and firmly bound to E. F., of, &c., in two hundred dollars, to be paid to the said E. F., or his certain attorney, his executors, administrators, or assigns, to which payment, well and truly to be made, I bind myself, my heirs, executors and administrators, firmly by these presents. Sealed with my seal. Dated the eleventh day of in the year of our Lord one thousand eight hun

dred and two.

The Condition of this obligation is such, that, if the abovebound C. D., his heirs, executors, or administrators, do and shall well and truly pay, or cause to be paid, unto the abovenamed E. F., his executors, administrators, or assigns, the full sum of two hundred dollars, with legal interest for the same, on or before the eleventh day of

next en

suing the date hereof,-then this obligation to be void, or otherwise to remain in full force and virtue. Signed, &c.

A Condition of a Counter Bond, or Bond of Indemnity, where one man becomes bound for another.

The condition of this obligation is such, that whereas the above-named A. B., at the special instance and request, and for the only proper debt of the above-bound C. D., together with the said C. D., is, and by one bond or obligation bearing equal date with the obligation above-written, held and firmly bound unto E. F., of, &c., in the penal sum of dollars, conditioned for the payment of the sum of, &c., with legal interest for the same, on the

day of

next ensuing the date of the said in part recited obligation, as in and by the said in part recited bond, with the conditior thereunder written, may more fully appear;-if, therefore, the said C. D., his heirs, executors, or administrators, do and shall well and truly pay, or cause to be paid, unto the said E. F., his executors, administrators, or assigns, the ́said sum of, &c., with legal interest of the same, on the said

day of, &c., next ensuing the date of the said in part recited obligation, according to the true intent and meaning, and in full discharge and satisfaction of the said in part recited bond or obligation,-then, &c.-otherwise, &c.

Note. The principal difference between a note and a bond is, that the latter is an instrument of more solemnity, being given under seal. Also, a note may be controlled by a special agreement, different from the note, whereas, in case of a bond, no special agreement can in the least control what appears to have been the intention of the parties, as expressed by the words in the condition of the bond.

ORNIA

RECEIPTS.

Sitgrieves, Sept. 19, 1802.

Received from Mr. DURANCE ADLEY ten dollars in full of all accounts.

ORVAND CONSTANCE.

Received of Mr. SIMPSON EASTLY (by the hand of TITUS TRUSTY) Sixteen dollars twenty-five cents, which is endorsed on his note of June 3, 1802.

PETER CHEERFUL.

A Receipt for Money received on Account.

Sitgrieves, Sept. 19, 1802.

Received of Mr. ORAND LANDIKE fifty dollars on ac

count.

EI DRO SLACKLEY.

Receipt for Money received for another Person.

Salem, Aug. 10, 1827.

Received from P. C. one hundred dollars for account of

J. B.

ELI TRUMAN.

Receipt for Interest due on a Note.

Received of I. S. thirty dollars, in full of one year's interest of $500, due to me on the

last, on note from the said I. S.

Amherst, July 6, 1827.

day of SOLOMON GRAY.

Receipt for Money paid before it becomes due.

Hillsborough, May 3, 1827. Received of T. Z. ninety dollars, advanced in full for one year's rent of my farm, leased to the said T. Z., ending the first day of April next, 1828. HONESTUS JAMES.

Note. There is a distinction between receipts given in full of all accounts, and others in full of all demands. The former cut off accounts only; the latter cut off not only accounts, but all obligations and right of action.

ORDERS.

Archdale, Sept. 9, 1802.

Mr. STEPHEN BURGESS. For value received, pay to A. B., or order, ten dollars, and place the same to my account. SAMUEL SKINNER.

Pittsburgh, Sept. 9, 1821. Mr. JAMES ROBOTTOM. Please to deliver Mr. L. D. such goods as he may call for, not exceeding the sum of twentyfive dollars, and place the same to the account of your humble servant, NICHOLAS REUBENS.

BOOK-KEEPING.

It is necessary that every man should have some regular, uniform method of keeping his accounts. What this method shall be, the law does not prescribe; but, in cases of dispute, it requires that the book, or that on which the charges were originally made, be produced in open court, when he will be required to answer to the following questions :—