| Category: | Free Ebooks \ Business |  |
| Description: | THE FREE BUSINESS GUIDE
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 sections of the same country, is usually referred to as commerce. The term business refers more particularly to our dealings at home--that is, in our own town or city. Sometimes this name is used in connection with a particular product, as the coal business or the lumber business, or in connection with a particular class, as the dry-goods business or the grocery business.
The natural resources of a country are mainly the mineral commodities and agricultural produce that it yields. The lumber and fish produced in a country are also among its natural resources.
The signature should be in your Usual style, familiar to the paying teller. Sign your name the same way all the time.
The banks of this country make it a rule not to cash a cheque that is drawn payable to order, unless the person presenting the cheque is known at the bank, or unless he satisfies the paying teller that he is really the person to whom the money should be paid.
A bank draft is simply the bank's cheque, drawn upon its deposit with some other bank. Banks sell these cheques to their customers, and merchants make large use of them in paying bills in distant cities.
In large cities cheques representing millions of dollars are deposited in the banks every day. The separate collection of these would be almost impossible were it not for the clearing-house system. Each large city has its clearing-house. It is an establishment formed by the banks themselves, and for their own convenience.
A commercial draft bears a close resemblance to a letter from one person to another requesting that a certain sum of money be paid to the person who calls, or to the bank or firm for whom he is acting.
To organise a stock company it is necessary for a number of persons to come together and make a certificate to the effect that they propose to form a company to bear a certain name, for the purpose of transacting a certain kind of business at a certain place.
One of the most valuable parts of a banker's education is to learn whom to trust. Every bank should have a well-organised and thoroughly equipped credit department, in charge of some one who can be relied upon to investigate carefully all names referred to him by the officers.
Stock companies are in a sense corporations, but the name corporation has in its common application a broader meaning. Public corparations are those which are created exclusively for the public interest, as cities, towns, counties, colleges, etc. |
| Author: | Anne M D |
| Added Date: | 5 Jun 2008 |
| Downloads: | 1247 |
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