Cheque book

“ You have been simply imposed upon. That cheque of Anthony Gyde’s is genuine. This is what has happened. A person whom you took for Sir Anthony Gyde entered your shop yesterday morning. He had in his pocket a stolen cheque of Sir Anthony’s.
“He asked you to cash a cheque; you consented, and lent him your pen. He took a cheque book from his pocket, and wrote or pretended to write out a cheque for ten pounds. He never gave you that cheque; by a sleight of hand, simple enough, he gave you the genuine cheque, and you cashed it.” ”

“ There was something about my first cheque-book which pleased me immensely, for I had not been brought up in a nest of millionaires, and am glad to confess that until I went to Oxford the possibilities attached to a five-pound note were almost without limit. ”

“ I have now the pleasure to enclose a cheque for Rs 33 on account of Sir Cecil Beadon's subscription to the Female Schools for the half-year of 1866. This would have been sent before, but the cheque book was accidentally left behind. ”

“ Miss Smith soon learns that all her trades- men's bills may be paid in the same way, with- out going to the bank to draw the money, and with the advantage that the cheque is not only a proof of payment, but that she has also a record of her accounts in the bank pass-book. ”

“ Cheque Payable to Order, Forged Endorsement of.—Where a cheque is payable to order and the banker on whom it is drawn pays it in good faith and in the ordinary course of business he cannot be called upon to make good the loss should the endorsement of the name of the person to whose order it was payable prove to have been forged. If, however, any other person gives cash for a cheque so endorsed he will not be able to enforce payment of it, and should he in fact have obtained payment of it, he will be liable to refund the money to the true owner. ”

“ We will return you the ticker because it won't be of much use to us, except the gold case. We'll keep the chain and the quid box and the quids, and we'll also keep the fi-pun notes. Then, my lord, you'll sit down and write a little note to your bankers and enclose a cheque. I see you have got the cheque-book with you, or I've got it at least. Now, the question is what the amount of this 'ere cheque shall be. You, being a rich man, we cannot put it low, and we hold all the cards. Let's say three thousand pounds. ”

“ If a banker pays a cheque which is crossed generally otherwise than to a banker, or a cheque crossed specially otherwise than to the banker to whom it is crossed, he will be liable to the true owner of it for any loss he may have sustained in consequence. ”

“ "All I remember about my mother," Nibs told them, "is that she often said to father, 'Oh, how I wish I had a cheque-book of my own!' I don't know what a cheque-book is, but I should just love to give my mother one." ”

“ Thus the cash account and the bank account are frequently bound together in one separate book called the cash book, showing in parallel columns the movements of office cash and of cash at the bank, and by the addition of a third column for discounts the necessity of keeping an additional book of first entry as a discount journal may also be avoided. Of late years, however, most businesses pay all moneys received into their bankers without deduction, and pay all accounts by cheque ”

“ People know that, and, when they go, they slip gold or a cheque under the blotting-book on the writing-table. I peeped in once just before a séance, and saw the ends of several cheques sticking out of the shark's-skin cover of the blotter, and several loose sovereigns on the table beside it, just to give visitors a hint, no doubt. ”

“ But there are certain peculiar rules relating to the latter which arise from the fact that the relationship Cheques.of banker and customer subsists between the drawer and drawee of a cheque. For example, when a person has an account at a bank he is, as an inference of law, entitled to draw on it by means of cheques. A right to overdraw, can, of course, only arise from agreement. The drawer of a cheque is not absolutely discharged by the holder’s omission to present it for payment within a reasonable time. ”

“ The word “draft” has come to have a wider meaning, that of a bill drawn by one person on another for a sum of money, or an order (whether on a banker or other) to pay money. The employment of cheques as a method of payment offering greater convenience than coin is almost universal in Great Britain and the United States. Of the transactions through the banks of the United Kingdom between 86 and 90% are conducted by means of cheques, and an even higher proportion in the United States. ”

“ I contrived, by taking advantage of the carelessness of some of my superiors at the bank, to get possession of some blank cheque forms, which I filled up with small amounts—not more than two or three pounds—and signed with careful imitations of the signatures of some of our clients. Jezzard got some stamps made for stamping on the account numbers, and when this had been done I handed over to him the whole collection of forged cheques in settlement of my debts to all of my four companions. ”

“ Here the system presents to us its highest degree of interest: the possessors of account books, adherents of the clearing service, can discharge their debts one to the other by the transfer of accounts. It is sufficient to write at the back of the cheque: to be carried to the credit of account No ..., with the name of the holder of the account and his address. In this case the amount of the cheque is placed to the debit of the person who issued it and to the credit of the person in whose favour it is drawn. ”

“ I am going to ask Miss Meakin to hand all these cheques and postal orders to me, as a free gift, to be my very own, to be sent to my bank and placed to my private account.’ (Mild sensation.) ‘In return, I shall write a cheque for one hundred pounds, and shall present it to myself, as Treasurer, for the use of the Society. ”

“ A business man, in order to give himself every chance, will pay all cheques to the credit of his banking account upon the day he receives them from his customers. He has, in the legal sense, until the close of the first business-day following the day he gets the cheque, when, if he like, he can post it to his agent, who has the same time-allowance for presentment, provided the cheque be not drawn upon a bank in his own town. If he delay longer any loss incurred by the drawer through non-presentation will fall upon the payee’s shoulders. ”

“ Everyday 4,000 to 5,000 of these authorisations to pay cheques are issued. Ladies write out these authorisations by means of type-writing machines: their fingers work the machine with astounding rapidity. According to the data given me each of them prints every day 400 to 500 assignments of payment to the persons designated and authorisations to the post-offices to pay; and the hours of work averaging seven, they write about one a minute.
Thirdly. (Postanweisungen.)
The cheque can be drawn in favour of a person living in Hungary or a foreign country. ”

“ Bankers' drafts on New York would, under ordinary financial conditions, be considered cash anywhere in the United States. A draft on a foreign bank is usually called a bill of exchange.
A cheque for the purchase of a draft.
Cheques have come to be quite generally used for the payment of bills even at long distances. If a business man desires to close an important contract requiring cash in advance he sends a bank draft, if at a distance, or a certified cheque, if in the same city. If he desires simply to pay a debt he sends his own personal cheque. ”

“ If the cheque is paid into a different bank, it will not be presented for payment, but liquidated by set-off against other cheques; and in a state of circumstances favourable to a general extension of banking credits, a banker who has granted more credit, and has therefore more cheques drawn on him, will also have more cheques on other bankers paid to him, and will only have to provide notes or cash for the payment of balances; for which purpose the ordinary reserve of prudent bankers, one-third of their liabilities, will abundantly suffice. ”

“ It is presumed that a man can account for the possession of a cheque. It may be that a man should have a cheque in his possession and not be able to account for it, and should yet be open to no grave suspicion. ”

“ Well, money can't. What I wanted to say was that if, instead of having a large sum in the bank, you had overdrawn your account about as much as the bank would stand, would you be surprised if your cheque were not honored? ”

“ Many bills of exchange are drawn at sight, as it is called, in which case the payee presents it for payment to the drawee, there is no acceptance and no discount, and a bill of this kind becomes the same as a cheque. ”

“ Cheek is sufficiently man of the world to know that, and sufficiently clever to take advantage of it. If old Joe Cheek did as others, and sold for tenpence cash what his neighbours sold for a shilling credit, he would not have many customers, but he has managed very cleverly. Every article is priced at credit value, and when a customer leaves his shop he is given a cheque for the discount. He pays full credit price as cash, and receives the discount back as a cheque to be deducted from his bill when next he purchases at Cheek’s. ”

“ I could have been paid in gold had I wished, but I had preferred a weekly cheque, and I took care never to cash this cheque at our own offices in Waterloo Place. I did not wish it to be known that I had no banking account. As a matter of fact, I now had one, though I should not have [Pg 10] liked to disclose it to the Income Tax Commissioners. The reason for this reticence lay in the smallness, not in the largeness, of my balance. I had learned that in certain circumstances it pays you to appear better off than you are. ”

“ Being in the position of an agent, he may either give notice to his principal, the customer, or to the parties liable on the bill. The usual practice of bankers has always been to return the cheque to the customer, and sec. 49, subs. 6 of the Bills of Exchange Act is stated to have been passed to validate this custom. Inasmuch as it only provides for the return of the dishonoured bill or cheque to the drawer or an endorser it appears to miss the case of a cheque to bearer or become payable to bearer by blank endorsement prior to the customer's. ”

“ A few days later I came upon Suzanne sitting at her writing-table and examining a cheque with a mystified air.
"Anything wrong?" I asked.
"I don't quite know," she replied. "I sent Angela this cheque the other day to pay for my ticket for the Law-Courts' Revel, and she says the Bank people have returned it to her. And it's marked 'R.D.' in red ink. Who is 'R.D.'?"
"He's the gentleman who censors cheques; and he has a way of disqualifying them when there's not enough cash to pay them. Suzanne, what have you done with all that money I paid into your account last Monday?" ”

“ According to the proposed law depositors will be able to dispose of the free balance of their account by payment-cheques or clearing-cheques.
At present the holders of the account books cannot have recourse to the cheque, nor transfer any sum from their account to that of another on a simple demand addressed to the Savings Bank. Every transfer resolves itself into an act of cession which must be signified to the Bank by a judicial act or notified by a letter bearing the legalised signature of the ceder. ”

“ I had just cashed a cheque of my own at the rate of a hundred-and-five francs to the five pounds, and I felt robust and self-confident and ready to do it again. There, on the top of my "Suspense" basket, lay just the very cheque for the purpose. Charles, I fell again. Explaining to myself that Mr. Abrahams had clearly intimated that his gift to the Government was alternatively a note for a hundred francs or a cheque for five pounds, I put a note for a hundred francs into the "Suspense" basket, and pocketed the cheque, thus making another five francs profit. ”

“ A customer who has a doubtful cheque in his possession, and who is anxious to know whether the drawer has funds to meet it, can instruct his banker to forward the cheque in question direct to the drawer’s bankers, with the request that they telegraph back whether or not the cheque is paid. ”

“ The extensive use of crossed cheques thus tends to make the cheque still further an instrument which merely transfers banking credits from the books of one bank to another, since every crossed cheque implies that it can not be turned into cash directly, but can only transfer credit with one bank to credit with another. ”

“ Instructions or no instructions, I thought it was now time to send the note for a hundred francs to the Government. The Government said it had no use for francs in England, sent back the note to me and told me to buy, locally, an English cheque, which I was to hold, pending further instructions. It took some time to arrive at this point, and meanwhile rate of exchange had had a serious relapse. The hundred franc note bought a cheque for five guineas. Not feeling strong enough to pend further instructions, I at once sent this home. More haste, less speed: I forgot to endorse it. ”

“ A cheque is an order for money, drawn by one who has funds in the bank. It is payable on demand. In reality, it is a sight draft on the bank. Banks provide blank cheques for their customers, and it is a very simple matter to fill them out properly. ”

“ If, having such funds in his hands, the banker dishonours a cheque, he is liable to the customer in substantial damages without proof of actual injury having accrued (Rolin v. Steward, 14 C.B. 595) . Where several cheques are presented simultaneously and the available balance is insufficient to pay all, the banker should pay as many as the funds will cover, and is not bound to discriminate between particular cheques. It would seem a legitimate condition that a cheque should be drawn in the ordinary recognized form, not in one raising any question or doubt as to its validity or effect. ”