Dutiable

imported goods may be placed in a bonded warehouse. The owners file a bond to pay the duties when the goods are withdrawn from the warehouse. Domestic products subject to the internal revenue tax may also be placed in bond under similar conditions. In case of need. This is an indorsement sometimes placed 3s on.a bill of exchange naming a person who will pay it for the honor (credit) of the drawer (or an indorser) should the bill not be met (paid) at maturity by the drawee (the one who was to pay it). The usual form is “In case of need apply to A. B. (Signed) C. D.,” meaning that if the bill is not paid A. B. will pay it for account of C. D. (the drawer or an indorser). Sometimes the indorsement is written simply “In need, with A. B. (Signed) C. D.” 252