What should be done by the man to whom a bill or a note is due,
when the debtor lives in a place where there is no bank?

In that case he must learn in some way the name of a promising
person to make the collection for him.

In this case he makes out the draft as before, and adds the words
"for collection." This acts as a bar to any transfer of the paper.

Most banks refuse to handle a draft marked "for collection."

DISHONOR

Drafts are not necessarily duns.

Some country merchants prefer to pay their bills to wholesalers in
that way, so that collecting drafts is no small part of the
business of the ordinary bank.

While men are not compelled to meet drafts when presented, if the
amount is due and he defaults or refuses to pay he injures his own
credit.

In refusing a just draft he is said to "dishonor" it.

So sure are wholesalers that their drafts will be met by their
distant debtors that they do not hesitate to draw against them
when deposited for collection, regarding them as cash to their
credit in bank.