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All Forums Category: General Philatelic Discussions (Non Country Specific) Forum: Checks, Stocks, and Bonds

Yokohama Specie Bank Check

 
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Author Previous TopicReplies: 6 / Views: 6,842Next Topic  
xshift
New Member

United States
24 Posts
Posted 02/10/2013   6:30 pm  Show Profile Bookmark this topic Add xshift to your friends list Get a Link to this Message
This was in an old cigar box along with a whole slew of loose stamps and covers. Anyone have any insight? Why is the denomination in pesos?
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Mindpsyche
Valued Member
India
186 Posts
Posted 02/10/2013   6:39 pm  Show Profile Bookmark this reply Add Mindpsyche to your friends list  Get a Link to this Reply
The Philippines was under Spanish occupation for a good 300 years right up to about 1898. So that would probably explain why their currency is Pesos.

It looks to be a Cheque issued anytime after 1900 as you can see on the top right corner.

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Mindpsyche
Valued Member
India
186 Posts
Posted 02/10/2013   6:43 pm  Show Profile Bookmark this reply Add Mindpsyche to your friends list  Get a Link to this Reply
Upon further investigation based on this article

http://www.sunstar.com.ph/manila/op...art-i-224944

The cheque was had to be issued after 1918 as the Bank was set up in 1918.
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xshift
New Member
United States
24 Posts
Posted 02/10/2013   6:49 pm  Show Profile Bookmark this reply Add xshift to your friends list  Get a Link to this Reply
Philippines, eh? This was with it. I was just looking it up and read that the little hole is a cancellation, and was supposed to be canceled with whatever it was attached to. The check has the same hole. But this confuses me, as the check has nothing on it, so why would they be canceled together?

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Mindpsyche
Valued Member
India
186 Posts
Posted 02/10/2013   6:53 pm  Show Profile Bookmark this reply Add Mindpsyche to your friends list  Get a Link to this Reply
Even today, in many official transactions, a blank cheque is required which although has nothing on it is used a form of certification.

For example, when I quit my last job in India and I applied for my Pension Fund (Whatever little I had off it - I'm only 31 years old), I had to furnish a blank cheque for the department to have a record of my bank account.
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Mindpsyche
Valued Member
India
186 Posts
Posted 02/10/2013   6:55 pm  Show Profile Bookmark this reply Add Mindpsyche to your friends list  Get a Link to this Reply
In order to get to 50 posts , so I can buy stuff from the auctions held here...

The cheques naturally have to be cancelled as you pointed out or someone could forge signatures and use them, hence why the cheque too is cancelled.
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xshift
New Member
United States
24 Posts
Posted 02/10/2013   7:00 pm  Show Profile Bookmark this reply Add xshift to your friends list  Get a Link to this Reply
Makes sense. The cancellation would be the equivalent of writing "VOID" on a blank check today?

From http://www.theipps.info/bibliography/WarrenAPS.pdf pages 402 & 505, the Internal Revenue stamp is 1934-1937. The 2c olive green is designated W-746 in there, is that a Scott number?
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All Forums Category: General Philatelic Discussions (Non Country Specific) Forum: Checks, Stocks, and Bonds
 
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