Cleveland bank, but he no doubt thought it better to transact such
matters through his own bank.

Or if Mr. Thomas lived where he was not in touch with a bank, he
might have drawn through any person whom he knew in Cleveland.

On receiving the draft for collection, the Cleveland bank would at
once give it to a clerk who would without delay present it to Mr.
Taylor.

Mr. Taylor, having written his acceptance of the draft, is given
three days grace in which to make payment.

In states where days of grace are not allowed, he would have to
pay at once.

Mr. Taylor writes the word "accepted," with the date and his name
across the face of the draft, and if he does not pay cash, he
states in the writing where payment will be made.

Of course, Mr. Taylor cannot be compelled to accept a draft. There
may be good and honest reasons for his not doing so, but having
accepted it, in business honor he is bound to pay it.

The term "Sight draft" explains itself, but the order to pay a
draft may indicate, and often does, the number of days allowed for
payment, after presentation.

FOR COLLECTION