Know all Men by these Presents, That we, the subscribers, are justly indebted to The Merchants' Savings, Loan and Trust Co., of Chicago, upon a certain Promissory Note, bearing even date herewith, for the sum of Nine Hundred, Ninety-Nine and 99-100 dollars, with interest at the rate of ten per cent. per annum, after due, and payable ninety days after date. Now, therefore, in consideration of the premises, we do hereby make, constitute and appoint Wm. H. King, or any Attorney of any Court of Record, to be our true and lawful Attorney, irrevocably, for us and in our names, place and stead, to appear in any Court of Record, in term time or vacation, in any State or Territory of the United States, at any time before or after said note becomes due, to waive the service of process, and confess a judgment in favor of The Merchants' Savings, Loan and Trust Co., of Chicago, or its assign or assigns, upon the said Note, for the amount thereof, and interest, together with costs, and ten dollars Attorney's fees, and also to file a cognovit for the amount thereof, with an agreement therein that no writ of error or appeal shall be prosecuted upon the judgment entered by virtue hereof, nor any bills in equity filed to interfere in any manner with the operation of said judgment, and to release all errors that may intervene in the entering up of such judg. ment, or issuing the execution thereon; and also to waive all benefit or advantage to which we may be entitled by virtue of any Homestead or other exemption law now or hereafter in force, in this or any other State or Territory, where judgment may be entered by virtue hereof. Hereby ratifying and confirming all that our said attorney may do by virtue hereof. Witness our hands and seals this first day of October, A. D. 1878. $100 5.0 100 Form of a Note for Indiana. INDIANAPOLIS, IND., March 1, 18-. On demand for value received, I promise to pay Clinton Briggs, or order, One Hundred and 50-100 dollars, with interest; payable without any relief whatever from valuation or appraisement. DANIEL BURLINGAME. Form of Guarantee. For and in consideration of One Dollar, to me paid by H. B. Claflin & Co., of New York, who, at my request, purpose opening a credit with John Smith, of Aurora, Ill., I do hereby guarantee the payment to H. B. Claflin & Co., their successors and assigns, of all indebtedness which said John Smith has incurred or may incur for goods and merchandise sold to him, or delivered at his request, by said H. B. Claflin & Co., their successors and assigns, upon credit or for cash, or on note, or otherwise, without requiring any notice in respect thereto. This guarantee to be open and continuing, covering all interest on any such indebtedness, and also any costs and expenses which may be incurred by H. B. Claflin & Co., their successors and assigns, in collecting. Further, it shall remain in full force until revoked by a written notice from me, provided, however, that my liability hereunder for purchases made shall not at any time exceed $5,000. Due on demand, to Sanford Burton, Four Hundred dollars, in Flour, at the market value when delivered. Value received. CHAS. H. WALKER. $200. Payable in Money and Merchandise. KEOKUK, IOWA, May 19, 18—. Due, on the 10th of June next, to A. B. Condit, or order, One Hundred dollars in cash, and One Hundred dollars in merchandise from our RATES OF INTEREST, AND LIMITATION OF ACTIONS. STATE LAWS RELATING TO RATES OF INTEREST, AND PENALTIES FOR USURY. 187 LIMIT OF TIME IN WHICH ACTION MAY BE BROUGHT ON THE FOLLOWING: * Promissory notes in Massachusetts, Maine and Vermont barred in six years, unless signed by attesting witnesses. -5----5----10....20.. .6.. ..6.. 6- --IO__ ..IO....10.. .6.. ..20...20.. .-15- Store accounts, 2 years. Il Store accounts, 3 years. 5- HOW TO COMPUTE INTEREST ON ANY AMOUNT OF MONEY AT ANY RATE PER CENT. On the following page will be found several | States in the Union, and the means by which valuable Interest Tables, giving the principal the interest, at any rate, on any amount of legal rates of interest as adopted by the various money, can be almost instantly computed. EXAMPLE. Inter'st on $1000 for 1 year at 7 per cent. $70.00 By reference to the table on the following page, the time or number of days, months, and years, will be found at the top of the columns; and the amount of money upon which interest is computed, in the left hand column. Thus: If we wish to find the interest on $1,108 for one year, 3 months, and 29 days, at 7 per cent we trace from amounts towards the right, To find the interest for more than one year multiply by the number of years. For $20, $40, $60, etc., multiply the interest on $10, by 2, 4, and so on. The same rule applies for hundreds or thousands. The interest at five per cent is one-half of ten per cent; hence, divide by 2. The interest at 12 per cent is double 6 per cent; hence, multiply by 2. Other rates will be found thus by division and multiplication. 46 100 8 1000 1 "1 44 44 100 "3 46 8 "3 100 29 8 "29 Interest on the Amount. and from time, downwards; resulting as shown in the accompanying example. 8 10 12 18 15 17 18 20 92 23 25 27 28 80 32 33 35 37 28 40 42 43 45 47 INTEREST AT SEVEN PER CENT. 48 50 1.00 1.50 2.00 250 3.00 3.50 4.00 4.50 5.00 5.50) 6.00 60.00 10 12 14 16 18 19 21 23 25 27 29 81 33 35 37 39 41 43 45 47 49 51 63 54 56 58 1.17 1.75 2.33 2.92 3.50 4.08 4 67 5.25 5.83 6.42 97 1.17 1.36 1.56 1.75 1.94 2.14 3.33 2.63 2.72 2.92 3.11 3.31 3.50 3.69 3.89 4.08 4.28 4.47 4.67 4.86 5.06 5.25 5.44 5.64 5.83 11.67 17.50 23.33 29.17 35.00 40.83 46.67 52.50 58.33 64.17 INTEREST AT EIGHT PER CENT. 7.00 70.00 $10 $100 2 $1.000) 0 0 1 1 1 1 2 2 2 2 2 3 3 3 3 4 4 4 4 4 4 7 9 11 13 16 18 20 22 24 27 29 31 33 36 38 40 42 44 47 49 51 53 56 58 00 02 22 44 67 89 1.11 1.33 1.56 1.78 2.0 2.22 2.44 2.67 2.89 3.11 3.33 3.56 3.78 4.00 4.22 4.44 4.67 4.89 5.11 5.33 5.56 5.78 6.00 6.22 6.44 6.67 13.33 20.00 26.67 33.33 40.00 46.67 53.33 60.00 66.67 73.33 5 5 5 5 6 6 6 6 6 7 13 20 27 33 40 47 53 60 67 73 80 MONTHS. Year. 7 0 1 1 1 1 2 2 2 3 3 3 3 4 4 4 4 5 5 5 6 6 6 6 7 7 7 8 8 8 $100 368 11 14 17 19 22 25 28 31 33 36 30 42 44 47 50 63 56 58 61 64 67 69 72 75 78 81 83 1.67 2.50 3.33 4.17 5.00 5.83 6.67 7.50 8.33 9.17. 10.00 $1.000 99 56 83 1.11 1.39 1.67 1.94 2.22 2.50 2.78 3.36 3.33 3.61 3.89 4.17 4.44 4.72 5 00 5.28 5.66 5.83 6.11 6.30 6.67 6.94 7.22 7.50 7.78 8.06 8.33 16.67 25.00 33.33 41.67 50.00 58.33 66.67 75.00 83.33 91 67 100.00 8 17 25 33 42 50 68 67 75 83 92 1.00 O business men or women, the keeping of a bank account is a matter of very considerable convenience, as well as pecuniary benefit. If much business is done, money is constantly accumulating, which is easily deposited, and is usually more secure from burglary in a reliable bank than elsewhere. It is true that money will sometimes be lost, through the robbery or failure of a bank; but of all the chances for loss which business people have to contend with, that by failure of banks is the least; while it is found that the practice of depositing each day's accumulations in a bank, having the same in readiness to draw whenever wanted, as a whole, works greatly to the advantage of people doing a large amount of business. Of course, where the deposits are large, and the rates of interest are good, the banker is considerably benefited by having the use of the money. Bankers, however, realize their indebtedness to the customer, and in various ways, through their acquaintance and influence with wealthy men, often render such aid to their patrons in a time of need, as enables them to carry forward certain enterprises that would be found oftentimes very difficult to accomplish without such aid. If it is intended, when depositing money in a bank, to allow the same to remain for several weeks or months, the banker will usually give the person so depositing a "Certificate of Deposit;" if, however, it is desired to draw the money out frequently, while daily, perhaps, adding more, the banker will present the depositor with a Pass Book, a Check Book, and Deposit Tickets. The Deposit Ticket is a blank form, which the customer will fill up, indicating when, as well as the amount, and kind of funds deposited. The following exhibits the form of a deposit ticket. That printed in Roman type represents the printed matter on the same; the wording in script illustrates what is written by the depositor, thus: |