The business draft is usually honored, but there are circumstances
under which it may be ignored.

TO MAKE A DRAFT

But let us suppose that the draft is all right and that a
merchant, let us call him Henry Thomas, and suppose him a resident
of Philadelphia, has a bill against James Taylor, of Cleveland,
and he wants to collect it, without recourse to law. How will he
go about it?

The bill is for $100.

Mr. Thomas writes this draft:

Philadelphia, Pa., Sept. 5, 1910.
At sight pay to the order of
Johnson National Bank of Philadelphia
One hundred................... dollars.
With exchange
and charge same to
Henry Thomas.
To James Taylor,
Cleveland, Ohio.

Having drawn his draft, Mr. Thomas takes it to the Johnson
National Bank for collection. The collection is actually made by
some bank in Cleveland to which the Johnson has endorsed it over.

If Mr. Thomas wished he might have sent his draft direct to the