OF

NEGOTIABLE INSTRUMENTS,

INCLUDING

BILLS OF EXCHANGE; PROMISSORY NOTES; NEGOTIABLE BONDS
AND COUPONS; CHECKS; BANK NOTES; CERTIFICATES OF
DEPOSIT; CERTIFICATES OF STOCK; BILLS OF CREDIT;
BILLS OF LADING; GUARANTIES; LETTERS OF

CREDIT; AND CIRCULAR NOTES.

BY JOHN W. DANIEL,

OF THE LYNCHBURG (VA) BAR.

“Out of the old fieldes,

Cometh al this new corne."-CHAUCER.
* Non erit alia lex Romæ, alia Athenis, alia nunc, alia posthac, sed et apud omnes
gentis, et omni tempore, una eademque lex obtinebit.”—CICERO.

IN TWO VOLUMES.

VOL. II.

FIFTH EDITION
Re-edited and enlarged with notes and references to American and English cases

BY JOHN W. DANIEL, THE AUTHOR,

AND CHARLES A, DOUGLASS
OF THE BAR OF THE DISTRICT OF COLUMBIA, AND
PROFESSOR OF THE LAW OF NEGOTIABLE INSTRUMENTS IN

GEORGETOWN UNIVERSITY, OF WASHINGTON, D. C.

NEW YORK:
BAKER, VOORHIS & COMPANY,