circular note

He called this early form of travellers cheque a 'circular note'.

Bottom centre Cook's circular note, forerunner of the travellers cheque.

The circular note could be cashed at hotels with which Cook had arrangements and a limited number of banks and bureaux de change.

Dragging Long Note - Drag the circular note along the path while keeping it on the time line.

In banking, a circular note is a document request by a bank to its foreign correspondents to pay a specified sum of money to a named person.

Holding Long Note - Hold finger on the circular note until the time line passes the blue line at the end of the note.

In 1874, Thomas Cook introduced 'circular notes', a product that later became better known by American Express's brand, 'traveller's cheques'.

Cook was not the first to put the idea into practice however; circular notes were first seen in an organized system invented by Robert Herries in 1772.

Herries's circular notes were negotiable in about ninety cities across Europe and even in Moscow, and were still in use in 1839.

Cook's circular note was its forerunner but Marcellus Berry patented the name 'Travelers Cheque' for American Express much later in 1891.

On 23 April 1998 the Marshall Islands government issued Circular Note 01-98, which vigorously denied EnenKio's Wake Island claims.

Salisbury's Circular Note convinced Bismarck to a conference which could discuss the treaty and the Congress of Berlin met from 13 June to 13 July 1878.

Evans was quite unable to pay the hundred dollars which he owed me, and, to save themselves, the Denver banks, though they remain open, have suspended payment, and would not cash my circular notes.

They set up a system of hotel coupons (1867), through rail tickets, international ship and rail timetables, and guidebooks, and between 1873 and 1874 they introduced the Circular Note, forerunner of the travellers cheque.

On April 23, 1998, the Ministry of Foreign Affairs of the Republic of the Marshall Islands issued an official Circular Note, denouncing representatives of both "EnenKio" and "Melchizedek" for making fraudulent representations.

Circular notes are generally issued against a payment of cash to the amount of the notes, but the notes need not necessarily be cashed, but may be returned to the banker in exchange for the amount for which they were originally issued.

Traveler's cheques were first issued on 1 January 1772 by the London Credit Exchange Company for use in ninety European cities, and in 1874 Thomas Cook was issuing 'circular notes' that operated in the manner of traveler's cheques.

In fact, twilight seemed coming on, and as I had been unable to get my circular notes cashed at Denver, I had no money to stay over the next day, and much feared that I should lose Green Lake, the goal of my journey.

This view he embodied into a circular note to the Roman Catholic powers (9 April 1869), drawn up by Johann Joseph Ignaz von Döllinger, inviting them to exercise the right of sending ambassadors to the council and to combine to prevent the definition of the dogma.

The person in whose favour a circular note is issued is furnished with a letter (containing the signature of an official of the bank and the person named) called a letter of indication, which is usually referred to in the circular note, and must be produced on presentation of the note.