The importance of the Law of Negotiable Instruments is realized when it is considered that over ninety percent of interstate commerce is executed by means of commercial paper. Readers are provided principles of negotiable instruments, references to case-law, and state by state tables arranged alphabetically. This book has been settled by authorities and do not express Ogden own views. Ogden has endeavored to cover the entire field of the law of negotiable instruments, citing cases from every jurisdiction. The text of this law printed in italics is that of the New York Act however parallel sections of laws enacted by all other fifty-one jurisdictions have been inserted to include every state in 1922 except for Georgia. This law is an extension of English law courts provisions of their Bills of Exchange Act in 1882. The original first edition author was Robert Emmett Bunker. Notable differences between that first edition and Ogden's get cited in the author's preface to his second edition.