Page images
PDF
EPUB

200. There is a screw, whose threads are + of an inch asunder; if it be turned by a lever 10 feet long, what weight will be balanced by 120 pounds power? Ans. 3620571 lbs. 201. There is a machine, in which the power moves over 10 feet, while the weight is raised 1 inch; what is the power of that machine, that is, what is the ratio of the weight to the Ans. 120. 202. A man put 20 apples into a wine gallon measure, which was afterwards filled by pouring in 1 quart of water; required the contents of the apples in cubic inches. Ans. 1734 inches. 203. A rough stone was put into a vessel, whose capacity was 14 wine quarts, which was afterwards filled with 24 quarts of water; what was the cubic content of the stone?

power?

and

Ans. 6641 inches.

FORMS OF NOTES, BONDS, RECEIPTS,

NOTES.

No. I.

AND ORDERS.

Overdean, Sept. 17, 1802.

For value received, I promise to pay to Oliver Bountiful, or order, sixty-three dollars fiftyfour cents, on demand, with interest after three months. WILLIAM TRUSTY.

Attest, Timothy Testimony.
No. II.

Bilfort, Sept. 17, 1802. For value received, I promise to pay to O. R., or bearer, dollars cents, three months after date. PETER PENCIL.

No. III.

By two Persons.

Arian, Sept. 17, 1802. For value received, we, jointly and severally, promise to pay to C. D., or order, dollars cents, on demand, with interest. ALDEN FAITHFUL. JAMES FAIRFACE.

Attest, Constance Adley.

Observations.

1. No note is negotiable, unless the words "or order," otherwise "or bearer," be inserted in it.

2. If the note be written to pay him "or order," (No. 1.) then Oliver Bountiful may endorse this note, that is, write his name on the backside, and sell it to A, B, C, or whom he pleases. Then A, who buys the note, calls on William Trusty for payment, and if he neglects, or is unable to pay, A may recover it of the endorser.

3. If a note be written to pay him "or bearer," (No. II.) then any person, who holds the note, may sue and recover the same of Peter Pencil.

4. The rate of interest, established by law, being six per cent. per annum, it becomes unnecessary, in writing notes, to mention the rate of interest; it is sufficient to write them for the payment of such a sum, with interest, for it will be understood legal interest, which is six per cent.

5. All notes are either payable on demand, or at the expiration of a a cer certain term of time agreed upon by the parties, and mentioned in the note, as three months, a year, &c.

6. If a bond or note mention no time of payment, it is always on demand, whether the words "on demand" be expressed or not.

7. All notes, payable at a certain time, are on interest as soon as they become due, though in such notes there be no mention made of interest. This rule is founded on the principle, that every man ought to receive his money when due, and that the non-payment of it at

[blocks in formation]

Know all men by these presents, that I, C. D. of, &c., in the county of, &c., am held and firmly bound to E. F., of, &c., in two hundred dollars, to be paid to the said E. F., or his certain attorney, his executors, administrators, or assigns, to which payment, well and truly to be made, I bind myself, my heirs, executors and administrators, firmly by these presents. Sealed with my seal. Dated the eleventh day of, in the year of our Lord one thousand eight hundred and two.

The Condition of this obligation is such, that, if the above-bound C. D., his heirs, executors, or administrators, do and shall weil and truly pay, or cause to be paid, unto the above-named E. F., his executors, administrators, or assigns, the full sum of two hundred dollars, with legal interest for the same, on or before the eleventh day of ensuing the date hereof, then this obligation to be void, or otherwise to remain in full force

and virtue.

Signed, &c.

next

A Condition of a Counter Bond, or Bond of Indemnity, where one man becomes bound for another.

in

The condition of this obligation is such, that whereas the above named A, B. at the special instance and request, and for the only proper debt of the above-bound C.D., together with the said C.D., is, and by one bond or obligation bearing equal date with the obligation above-written, held and firmly bound unto E. F., of, the penal sum of dollars, conditioned for the payment of the sum of, &c., with legal interest for the same, on the day of next ensuing the date of the said in part recited obligation, as in and by the said in part recited bond, with the condition thereunder written, may more

Person.
Salem, Ang. 10, 1827.
Received from P. C. one hundred dollars,
for account of J. B, ELI TRUMAN.

fully appear;-if, therefore, the said C. D., Receipt for Money received for another his heirs, executors, or administrators, do and shall well and truly pay, or cause to be paid, unto the said E. F., his executors, administrators, or assigns, the said sum of, &c., with legal interest of the same, on the said day of, &c., next ensuing the date of the said in part recited obligation, according to the true Intent and meaning, and in full discharge and satisfaction of the said in part recited bond or obligation, then, &c.,-otherwise, &c.

Note. The principal difference between a note and a bond is, that the latter is an instrument of more solemnity, being given under seal. Also, a note may be controled by a special agreement, different from the note, whereas, in case of a bond, no special agree ment can in the least control what appears to have been the intention of the parties, as expressed by the words in the condition of the bond.

RECEIPTS.

Sitgrieves, Sept. 19, 1802.
Received from Mr. Durance Adley ten dol-
lars in full of all accounts.
ORVAND CONSTANCE.
Sitgrieves, Sept. 19, 1802.
Received of Mr. Orvand Constance five dol-
lars in full of all accounts.
DURANCE ADLEY.

Receipt for Money received on a Note.
Sitgrieves, Sept. 19, 1802.
Received of Mr. Simpson Eastly (by the
nand of Titus Trusty) sixteen dollars twenty-
five cents, which is endorsed on his note of
June 3, 1802.
PETER CHEERFUL.

A Receipt for Money received on Account.
Sitgrieves, Sept. 19, 1802.
Received of Mr. Orand Landike fifty dol-
lars on account. ELDRO SLACKLEY.

Receipt for Interest due on a Note. Amherst, July 6, 1827. Received of I. S. thirty dollars, in full of one year's interest of $500, due to me on the last, on note from the said I. S. SOLOMON GRAY.

day of

Receipt for Money paid before it becomes due.
Hillsborough, May 3, 1827.

Received of T. Z. ninety dollars, advanced in full for one year's rent of my farm, leased to the said T. Z., ending the first day of April next, 1828. HONESTUS JAMES.

Note. There is a distinction between receipts given in full of all accounts, and others in full of all demands. The former cut off accounts only; the latter cut off not only ac counts, but all obligations and right of action

ORDERS.

Archdale, Sept. 9, 1802. Mr. Stephen Burgess. For value received, pay to A. B., or order, ten dollars, and place the same to my account.

SAMUEL SKINNER.

Pittsburgh, Sept. 9, 1821.

Mr. James Robottom. Please to deliver Mr. L. D. such goods as he may call for, not exceeding the sum of twenty-five dollars, and place the same to the account of your humble servant, NICHOLAS REUBENS.

BOOK-KEEPING.

It is necessary that every man should have some regular, uniform method of keeping his accounts. What this method shall be, the law does not prescribe; but, in cases of dispute, it requires that the book, or that on which the charges were originally made, be produced in open court, when he will be required to answer the following questions:

Is this your book, and the method in which you keep your accounts?

Did you ou make the charges, now in dispute, at the time they purport to have been made ? Are they just and true?

Have you received pay for them, or any part? If so, how much?

An answer in the affirmative, under oath, to the above questions, (the last only excepted,) is all that is required to substantiate his claim.

For farmers and mechanics, the following method will be found both convenient and easy. It consists in having one single book, entering the name of the person with whom an account is to be opened at the top of the left hand page, Dr., and at the top of the right hand page, Cr., as follows:

[blocks in formation]

April 8. By one Plough,
May 10. By repairing Cart Wheels,
Sept. 12. By Cash to balance,

CR.

$cts 9 25

150

250

150

oxen,

July 2

o 4 bushels of Rye, at 75
ets, delivered by your or-
der to C. D.

3100

13 25

13 25

[merged small][merged small][merged small][ocr errors][merged small]

3 9015 06432 0180

« PreviousContinue »