Ton

miles. A railroad term; the whole number of miles the whole number of tons was hauled. The result attained by -_ adding together the number of miles each ton was hauled and then dividing by the number of tons shows the average number of miles each ton was hauled (transported). Ton mileage means the same as ton miles. _ Tonnage. Freight in tons. For instance, the tonnage of a ‘railroad or other carrying line is the number of tons it hauls or transports. Also, tonnage means the carrying capacity of a ve el. To order. A pecuniary instrument so made out calls for - payment to the holder to whom it has been properly indorsed; when goods are shipped to order the consignee is subsequently to be named.. A check made payable to a person or to a person or order, as to Richard Smith or to Richard Smith or order, must be indorsed with the name of that person before it is collectable. The name of the person must be written acro the back of the check, which, when the name stands thus alone, makes the check payable to hearer, or the check must be formally a igned to another on its back by the one in whose favor it is drawn. In Great Britain checks payable to order are similar in effect to those payable to bearer in the United States. In Great Britain when a bank or banker has paid in good faith in the ordinary course of busine a check drawn on it or him it is not incumbent on it or him to show that the indorsement of the payee or any subsequent indorsement was made by or | under the authority of the person whose indorsement it purports to be and the bank or banker is deemed to have paid the * bill in due course, although such indorsement has been forged or made without authority. 523