"Ours is an educational association organized for the benefit of the banking fraternity of the country and within our membership may be found on an equal basis both employees and employers; and in full appreciation of the opportunities which our country and its established institutions afford, and especially in appreciation of the fact that the profession of banking affords to its diligent and loyal members especial opportunities for promotion to official and managerial positions, and that as a result of the establishment and maintenance of the merit system in most banks a large number of Institute members have through individual application achieved marked professional success, we at all times and under all circumstances stand for the merit system and for the paying of salaries according to the value of the service rendered.

"We believe in the equitable cooperation of employees and employers and are opposed to all attempts to limit individual initiative and curtail production, and, insofar as our profession is concerned, are unalterably opposed to any plan purporting to promote the material welfare of our members, individually or collectively, on any other basis than that of efficiency, loyalty and unadulterated Americanism."

CONTENTS

Chapter Page
Introduction[7]
I.Contracts—Mutual Assent[24]
II.Contracts—Consideration and Enforceability[57]
III.Contracts—Performance and Termination[86]
IV.Principal and Agent; Master and Servant[121]
V.Partnerships[163]
VI.Corporations[192]
VII.Transfer of Stock[238]
VIII.Personal Property[258]
IX.Real Property[298]
X.Estates and Trusts[321]
XI.Carriers and Warehousemen[344]
XII.Bills and Notes[378]
XIII.Torts and Crimes[405]
XIV.Miscellaneous[425]

WHO IS A BANKER?

A successful banker is composed of about one-fifth accountant, two-fifths lawyer, three-fifths political economist, and four-fifths gentleman and scholar—total ten-fifths—double size. Any smaller person may be a pawnbroker or a promoter, but not a banker.—George E. Allen.