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DRAFT - 5 reference results
draft, military: see conscription; selective service.
draft riots, in the American Civil War, mob action to protest unfair Union conscription. The Union Conscription Act of Mar. 3, 1863, provided that all able-bodied males between the ages of 20 and 45 were liable to military service, but a drafted man who furnished an acceptable substitute or paid the government $300 was excused. A defective piece of legislation enforced amid great unpopularity, it provoked nationwide disturbances that were most serious in New York City, where for four days (July 13-16, 1863) there occurred large-scale, bloody riots. Many elements in New York sympathized with the South, and the war had aggravated long-standing economic and social grievances. Aroused by the statements of Gov. Horatio Seymour and other Democratic leaders that the conscription act was unconstitutional, the populace was incited to action. Laborers, mostly Irish-Americans, made up the bulk of a tremendous mob that overpowered the police and militia, attacked and seized the Second Ave. armory containing rifles and guns, and set fire to buildings. Abolitionists and blacks were especially singled out for attack. Many blacks were beaten to death, and a black orphanage was burned, leaving hundreds of children homeless. Business ceased, and robbing and looting flourished. Since the conscription provision that allowed the rich to buy exemption was especially resented, the Tammany city government voted to pay the necessary $300 for anyone who might be drafted. Meanwhile, New York troops (including the famous 7th Regiment, which had been sent to the front for the Gettysburg campaign) were rushed back, and with the aid of the police, militia, naval forces, and cadets from West Point, they succeeded in restoring order. President Lincoln supported a Democratic-dominated commission that investigated the draft in New York, while Governor Seymour urged both adherence to the conscription act and a court test of its constitutionality (which never came about). In August the draft was peacefully resumed. The privilege of buying one's way out of service was limited (1864) to conscientious objectors. The riots had inflicted property damage of $1.5 million to $2 million, and it has been estimated that total casualties ran as high as 1,000.

See B. L. Lee, Discontent in New York City, 1861-1865 (1943); I. Werstein, July, 1863 (1957, repr. 1971); J. McCague, Second Rebellion: The Story of the New York City Draft Riots (1968); A. Cook, The Armies of the Streets (1974); I. Bernstein, The New York City Draft Riots (1989).

draft horse or work horse, any breed of horse that is suited to or used for drawing heavy loads. Draft horses originated in central Europe, where their domestication preceded the Roman invasion. Popular breeds include the Belgian, Clydesdale, Percheron, and Shire, all of which are extremely large and noted for their strength, endurance, and good disposition.
draft, in banking, order by one party to another party to pay a stated sum to the person or firm in whose favor the draft is made. It is similar in form to the ordinary bank check. Often the drawer and the drawee of a draft are the same person. A sight draft is payable immediately on presentation to the drawee; a time draft is payable at a fixed date in the future. A draft is sometimes known as a bill of exchange. It was originally devised to give credit to a customer who intended to pay in the future, but it came to be used to pay foreign debts (see foreign exchange) because it obviated the bother, expense, and risk of transmitting money. Apparently, drafts were used in early Babylon, Egypt, and Rome, but the earliest clear instance of their use is in Genoa c.1156. Drafts are usually used in commercial transactions in which buyer and seller are distant from each other. The seller draws a draft against the buyer of his goods and sends the draft, together with shipping documents, to his bank. The bank or its agent presents the draft to the buyer for his acceptance of the obligation or for payment. If, in the case of a time draft, the buyer accepts the obligation to pay, he will often put a note to that effect, along with his signature, on the draft. Such an accepted draft is known as a trade acceptance and represents a legal commitment on the part of the buyer to pay the amount stipulated.

Short-term negotiable financial instrument consisting of a written order addressed by the seller of goods to the buyer requiring the latter to pay a certain sum of money on demand or at a future time. Bills of exchange are often used in international transactions, and the holder of such a bill may redeem it in cash immediately by selling it to a bank at a discount. Bills of exchange used in domestic transactions are sometimes called drafts. Seealso promissory note.

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