This abridgement of the laws of the State of Michigan is not designed for the use of lawyers, nor is it the aim of the author to make "every man his own lawyer." The more general provisions of our statutes should be, and are, of interest to the great majority, if not all, of the people of the state, and it is with the idea of assisting them in gaining such information that this compilation was prepared. It cannot be supposed that in the brief space permitted in a work like this, all of the provisions of our laws can be set forth with exact detail, or that full and complete information can be given, yet, insofar as it purports to state the law, it can be relied upon. It is hoped that this statement of statutory rights, duties and obligations will prove of service to those for whom it was designed. CHARLES W. MCGILL. Lansing, Michigan, May 1, 1910. THE UTILITY OF BANKING A bank is as indispensable in every business community as any other branch of business. Banks are useful as places of security to deposit money. They are necessary and important to persons who wish to borrow-to the farmer who buys a farm, or who needs money to tide him over from the time of planting to the harvest period; to the business man who needs additional funds in his operations. The bank acts in this double capacity. It gathers the surplus money of a community; offers its capital as a guarantee of its safe return; loans a part of this money to the active members of the community, stimulating activity in all lines of commerce. To the extent that the bank holds in its custody the funds of its community to that extent it is of value and a benefit in that community. A bank account is a safe way to keep your money. Payment by check is convenient, saves time, guards against errors, furnishes a good record of your transactions, is useful when a payment is disputed. A bank account of an individual is a valuable record of his income and expenditure. A bank account is an education to the depositor. Acquaints him with the value of keeping a record, gives him a better idea of business affairs; keeps him in touch with the affairs of his community. Gives him the benefit of the bank's experience, knowledge and advise pertaining to investments and other matters. A bank account is a great help in saving money. It becomes the one ambition of the man who has a sum of money, large or small, to his credit in the bank, to strive to increase that sum. The richest men in the country never carry money in their pockets, but put it in the banks. If you have no bank account start one at once, no matter how small the beginning. This bank accords careful consideration to the small as well as to the large depositor. TO OUR FRIENDS This Compilation is intended for the use of those who desire to have at hand some convenient means of reference to the general laws of Michigan, without being compelled to resort to the bulky volume of our revised statutes, or to the numerous acts of the legislature. The work is not an abridgement of all the laws of the state, but a compilation of those provisions of the statutes believed to be of most concern to the people in general. Such topics as arise in the every-day lives of our citizens are discussed by Hon. Charles W. McGill, Assistant Attorney General for the State of Michigan. These topics are clothed in plain language, and can be readily understood by all. This work has been prepared at a large expense, and we present it to our friends, believing that it will give them a fair knowledge of the laws of our commonwealth, and after a careful reading of the same they will prize it as a souvenir of no little value, and one that can be consulted with pleasure and profit for many years to come. FIRST NATIONAL BANK, CARLVILLE, MICHIGAN, |