"Days of grace are days added to the nominal time of payment of all bills or notes except those impliedly or expressly payable on demand, and are computed by excluding the day of date and including the day of payment."37

Days of grace were originally only allowed to the drawee of a foreign bill to allow him to provide funds for its payment. They were later extended by the common law to other forms of negotiable instruments, but have now been very largely abolished by statute.

33 Dexter Savings Bank vs. Cope-land, 77 Me., 263.

34 Mitchell vs. Conley, 13 Ark., 414.

35 Hinsdale College vs. Thomas, 40 Wis., 661; Roberts vs. Mc-Grath, 38 Wis., 52.

36 Am. & Eng. Ency. of Law, Vol. IV, page 202; Kinne vs. Ford, 52 Barb. (N. Y.), 194; Curtis vs. Gorman, 19 I11., 141.

37 Norton on Bills and Notes, Sec. 40.