Mercantile Trust Company New York City Dec 2 19--
manager the bank of Scotland 3c bishop E C London
England dear sir we are sending you herewith advice of
the issuance of our circular letter of credit No. 262
in favor of Miss Helen Jackson for 300 pounds sterling
Miss Jackson is at present in Paris France and the
letter of credit has been forwarded to Messrs Thomas
Cooke and Son 1 Place de l'Opera Paris we have
requested Messrs Thomas Cooke and Son to forward to
you two specimens of Miss Jacksons signature which we
have signed and forwarded to Messrs Thomas Cooke and
Son for that purpose so that you may have these
signatures before any drafts against the letter of
credit are presented to you yours very truly James R
Hudson treasurer.
What is a letter of credit? How did Miss Jackson get
it?
The Bank of Scotland is the correspondent of the
Mercantile Trust Company. Explain.
Why should the New York bank forward Miss Jackson's
signature?