This section is from the book "Banking, Credits And Finance", by Thomas Herbert Russell. Also available from Amazon: Banking, credit and finance (Standard business).
To give some one else the power to sign or indorse checks, notes, or other important papers, is called giving such a one power of attorney, that is, the power or authority to be your attorney. Such authority when given should state explicitly what the attorney has power to do.
The Post-Office department issues a printed blank for use by those who wish to transfer to others the power to sign money orders.
Powers of this sort should be filed with the post-office, or bank interested, or should be made matters of public record at the office of the register of deeds. The student will find on the next page a power of attorney from Daniel Webster to Mrs. Webster giving her authority to draw and sign checks. This document appeared in Rhodes3 Journal of Banking and was taken from the files of the bank where, it was actually used by Mrs. Webster.
 
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