Presentment for payment must always be made at the place named in the note (the same rule applies to bills). Suppose the note reads "payable at the Italian-American Bank"- then it must be presented for payment at that bank. But suppose the note had simply said: "Payable in Chicago" - then the presentment must be at the maker's place of business or residence in Chicago. If he has neither a residence or place of business in Chicago, then the presence of the note (or bill) in Chicago in the hands of the holder or his agent authorized to collect, is the correct mode of presentment. The most convenient way of presenting a bill or note which is made payable in a city or town is to send it "for collection" to a bank of that place. If the draft or note is payable at a bank, it is sufficient presentment if the paper is at the bank where it is payable when it becomes due and the bank knows that it is there. Many times, however, notes (and bills) do not specify a place of payment. Then it is payable at the maker's place of business or his residence (drawee's in case of a bill); when he has a known place of business that should be given preference over his residence, though the holder may present it at either one. He is not bound to present it at both the residence and place of business, even if he finds no one, at the place he chooses, to present it to. And if the maker has a residence or place of business, then a personal presentment to him - for instance, a presentment in a club or on the street - will not be sufficient. But it may happen that no place of payment is named and the maker has neither a place of business nor a residence. Then it will be a good presentment if the holder is present with the paper and ready to be paid at the place where the contract was made. The presentment will also be good if presented to the maker personally wherever he can be found, or if made at his last known residence or place of business. Presentment for payment is dispensed with when after the exercise of reasonable diligence it cannot be made. These rules apply also to bills of exchange. It is a matter of convenience, and something that will be appreciated, to send to the maker notice of the maturity of a note several days before it becomes due. The maker may dispense with the making of any demand, or the giving of any notice, by putting the words "waiving demand and notice" in the note. Indorsers may do the same, as regards their own rights to notice. The same provisions as to "protest" and "notice" apply to promissory notes as apply to bills of exchange.