business they venture to say that they will be able to execute any commission intrusted to them with satisfaction, and that neither zeal nor attention will be wanting to insure to their patrons every advantage that the markets afford. Their offices will be at 27-31 Liberty Street, Baltimore, Md.

Exercise 57

Miller Bros. & Baker, of 129 De Kalb Street, St. Louis, Mo., are in the real estate and fire insurance business. The firm represents a number of the largest, strongest, and best companies in the country, and is prepared to write insurance on every kind of property. They claim to handle all business carefully and honestly, and in the interest of their patrons. Prepare a circular letter for them, stating that they would like to take up the question of writing fire insurance, and expressing their confidence that it will result in the correspondent's advantage to permit them to quote rates on his business. They ask that a time be set when their representative may call, as they realize that it is not always convenient to grant a personal interview without notice, and that insurance is wanted only at certain times.

Exercise 58

The copartnership existing between William Warren and Robert C. Bruce, of Oswego, N.Y., manufacturing chemists, trading as Warren & Bruce, has been dissolved by the death of Robert C. Bruce. All claims will be settled by the surviving partner, William Warren. The business will be continued under the same title and firm name, the interest formerly held by the late Mr. Bruce having been assumed by his widow, Anne M. Bruce. Write a circular letter in the name of Warren & Bruce embodying the above facts.

Exercise 59

Mr. John Turvey has been in the employ of Sterling & Taylor, of Springfield, Mass., for the past ten years as collecting agent. They have lately found that he has been in collusion with the bookkeeper, Frank Jordon, in embezzling funds. Both have been discharged. Write a circular letter in the name of Sterling & Taylor to be sent to all their customers notifying them of these facts, and further state that neither has any authority to act for Sterling & Taylor in any

capacity. They ask that this information be noted for mutual protection.

Exercise 60

1. Hibbard & Young, of 215 Fifth Avenue, New York, are publishers of an exclusive set of Shakespeare's works in five volumes, at $5 a volume. The edition has been prepared under the direction of most eminent scholars, and is beautifully illustrated with steel engravings of the most famous actors and actresses in character from the time of Garrick to the present day. Each play is followed by the best criticism of it which has ever been written, selected by the editors, and by a collection of literary and oratorical allusions to the play made by famous men in their writings and speeches. This feature is not found in any other work, and is unusually interesting and valuable. The edition is limited. The volumes are bound in morocco. Write a circular letter embodying these facts, also the conditions of sale, which are $5 upon acceptance of the set, and $1 per month thereafter until the full amount is paid. Limit the acceptance of this offer to a specific date.

2. The time limit of the offer in the preceding has elapsed. Hibbard & Young write a second letter to the same party, repeating the substance of the first letter. The larger part of the edition has been sold. As they are desirous that the books shall be in the hands only of those who are students of Shakespeare, and as they have the utmost confidence in the value of their exceptional offer, they extend the time fifteen days to grant an opportunity of inspection. For this purpose they will send the books by express, prepaid, for personal examination. Write a letter embodying these facts.

3. Ten of the fifteen days' extension have expired. Hibbard & Young write a third letter to the effect that they feel that their previous letter must have been overlooked, as they cannot believe that any one interested in the works of Shakespeare should not at least care to inspect so unusual an edition, especially as it may be examined without expense. As the books are selling very rapidly and will not be duplicated, they feel that this is the last opportunity for securing a noteworthy edition, and they therefore urge consideration of their offer which expires on Write this letter.

Business circulars, stating terms upon which goods may be ordered, sent to persons to attract their attention to a particular business, are not offers which become binding contracts on their acceptance by the persons addressed. (Moulton v. Kershaw, 59 Wis. 316.)

If a person accepts from the post office a periodical sent to him through the mails, he is bound to pay the subscription price.

Where an individual makes an offer by mail, which expressly or by implication requires an answer by return mail, the offer can endure only for a limited time, and the making of it is accompanied by an implied stipulation that the answer shall be sent by return of post. If an offer is made by letter, the proposer requesting an answer by telegraph, "yes" or "no," and stating that unless he receives the answer by a certain date he "shall conclude no," the offer is made dependent upon an actual receipt of the telegram on or before the date named.

Bills are frequently sent out with these words stamped across the face, viz., "10 per cent discount if paid on or before the 15th." Where such a bill is sent by mail, the person receiving it is entitled to the discount if he mails the remittance any time before midnight of the 15th, although the remittance may not be received before the 16th or 17th or later.

If a seller makes a mistake in the price in offering goods by letter, and the buyer accepts the offer, the seller cannot be held to the contract, on the ground of mistake. Thus, in the case of Mummenhoff & Co. v. Randall (19 Ind. App. 44), Randall wrote to Mummenhoff & Co., quoting a price on potatoes. The letter was dictated to a stenographer, and by mistake the stenographer wrote thirty-five cents per bushel instead of fifty-five cents, as was dictated to her. Upon receipt of this letter, Mummenhoff & Co. replied by mail, and ordered several carloads of the potatoes. The potatoes were shipped, but the mistake was discovered before their arrival. Randall telegraphed Mummenhoff & Co. the correct price. Mummenhoff & Co. accepted the potatoes, however, and had to pay at the rate of fifty-five cents per bushel. Had Mummenhoff & Co. received the potatoes and disposed of them before Randall discovered the mistake and notified them, they could not have been held to pay more than thirty-five

cents.

Stoppage in transitu is a right which the seller has to repossess himself of goods not paid for, while in the possession of a carrier on their way to the purchaser. The right may be exercised only when the

following conditions exist:

1. The amount for which the goods were sold must be wholly or partly unpaid.

TO WHOM IT MAY CONCERN:

This is to certify that Mr. Charles F. Hobart was in our employ for five years as a traveling salesman. We found him trustworthy, capable, tactful, and entirely satisfactory in every way. He was successful in his line of work, and we have no hesitation in recommending him to any one who desires his services.

(Signed) CLARK & THOMAS.

A letter of application should have two or three parts, viz. first, an introduction; second, a statement of qualifications followed by the names and addresses of references if these are requested; and third, an appropriate close. A stamp should not be inclosed for a reply. If the letter is deficient in other respects, the mere fact that a stamp has been inclosed does not entitle it to a reply.

Exercise 61

Answer the following advertisement:

BOOKKEEPER AND GENERAL MANAGER WANTED-An experienced bookkeeper, correspondent, and practical business man wanted to take charge of a lumber company at Williamsport, Pa. Liberal salary will be paid to the right man. Address, stating age and experience, to Williamsport Lumber Co., Williamsport., Pa.

(Embody the following qualifications: you are thirtyfive years of age; were bookkeeper for ten years with an iron and steel corporation and also attended to a