Attached—No Instructions in Accompanying Letter.

Question 90.— A bill received for collection has a "no protest" slip attached, but in the letter enclosing it no reference is made thereto. Should not the letter govern?

Answer .—We think not. The slip accompanying the bill should be regarded as properly sent unless the letter showed the contrary. We think the bank in the case put should be careful to return the bill before the close of business on the next day, and then no interests would be injured by returning the bill without protest. The party receiving back a dishonoured bill is in a position to give notice to the prior parties, and so keep everybody on the bill liable to him. This would not, however, apply to the Province of Quebec, where protest is necessary.