Up To Date Business Including Lessons in Banking, Exchange, Business Geography, Finance, Transportation and Commercial Law

If a man buys a farm and pays a part of the price and goes away saying that he will pay the remainder within a week, expecting then to do so and receive a deed, the seller, if h...

Having explained who can make contracts, we are now ready to take another step. Besides having parties, there must be a CONSIDERATION for every contract. This is rather a long w...

Having taken him on board and seated him, what degree of care must the company use in carrying the passenger? It may seem strange to say that the company is not obliged to use a...

When a person takes a cheque he naturally supposes that the bank on which it is drawn owes the money to him because he can truly demand it. _Suppose a bank refuses to pay, can t...

Prior to the year 1890 cold storage was dependent upon the employment of ice, but in the evolution of the cold-storage warehouse ice is no longer a requisite. In fact, the tempe...

Experience has shown that at all times the number of persons in Europe indebted to American business houses is about (though of course not actually) the same as the number of pe...

In loaning money on demand, when it is strictly understood between bank and borrower that the money so advanced is positively minute money--money returnable at any minute when t...

Similar differences with respect to our import trade and that of Great Britain are observable. Our imports do not amount to more than from $600,000,000 to $800,000,000 a year. F...

The degradation of the peasantry of Russia is not simply material. It is also moral. In the language of a recent traveller, "they are the drunkenest people in Europe." The princ...

Each large city has its clearing-house system. To establish a clearing-house a number of banks associate themselves together, under certain regulations, for the purpose of excha...

If your note is due at your own bank and you wish to draw a cheque in payment, write "Pay to the order of _Bills Payable_." If you wish to write a cheque to draw money for wages...

BUENOS AYRES, the capital of Argentina, is the largest city not only in South America but in the whole southern hemisphere. The La Plata, at whose mouth it stands, affords navig...

2. Books will not be necessary. The student, however, who wishes to make a more thorough study of the national banking system will find excellent chapters on the subject in "Car...

Germany's prosperity and progress cannot wholly be measured by statistics. No one can predict what it will be, for it is partly based upon elements that unfortunately other coun...

London stands as nearly as possible in the centre of the land surface of the globe. Its situation, therefore, eminently adapts it to be the great centre of the world's trade--th...

CALCUTTA (862,000) is the capital of the empire of India and the second city in the British Empire. Although situated on an arm of the delta of the Ganges, eighty miles inland,...

As in the case of China, the possibilities of increased trade with Japan lie principally in WOOLLEN MANUFACTURES and in BREADSTUFFS. In addition there is a fair chance of increa...

While it is true that the amount of value added by transportation to goods of low value is less for each unit of weight or bulk than the amount of value which is acquired by an...

The history of the construction of American railroads covers a period of seventy years. The greater part of our mileage has been built since 1870. The following table and diagra...

As a general rule private corporations organised under the laws of one State are permitted to do business in other States. It is quite often to the advantage of a company to org...

Australia has MANY PECULIARITIES. It has only one large river, and even that in summer becomes a series of isolated pools. It has no high mountain range, its principal mountains...

A second great industry of Great Britain is its WOOLLEN MANUFACTURE. This industry is specialised in England, principally in West Yorkshire, a district which is as well supplied...

There is a distinction between the usage of the names COMMERCE and BUSINESS. The interchange of products and manufactured articles between countries, or even between different s...

2. (_a_) When is it necessary that contracts be in writing? (_b_) In what case is a failure of consideration a good defence to a contract? (_c_) Is a consideration required to m...