New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-03-03

for the week all the ports Of 100 900 bales probable.
II will be noticed that livestock on hand in the ports OF
the United States TO 10000 bales The largest
stocks in port previous to this az shown IN the
New York Shipping List, were on
April 1871 ...--.-.-...--...1 30 10000 bales
March ,, lcDl- .b55.cJO
In both years there good deal Of local speculation.
The export for the week il again light 10 Great Brit ain,
and it viii also be noticed that while the export TO
France continues decrease the exportto other foreign
ports is steadily Increasing.
The following is statement Of the movement in Cot
ton since the lst Of September last compared with
> 1853. 1852. 1851. 1850.
Receipts into the Ports SIS coo $4,000 1922 600 500 900
Exports 70 ct Britain. 9l3,c00 $500 $4,000 1900
E1pts to other Forp'ts l5e coo 1900 $4,000 $1,000
Total Exports .....l, 249@o s99ooo sSs'Ooo s16cos
Stock band. 10000 $4,000 100000 $1,000
OF which during the past week included IN the above:
- 1853. 1852. ISL; 1850;
Receipts at the Ports '.lSl,ooo l@'oco 5000 $500
Frports 10 France. 1900 5000 lL0O0 5000
EsPst9otheI For port. l2ocs looCo 1890 1900 LOO o
Prom which it will be thstthe excess in receipts
amounts 10 SIS 600 bales the increase in exports
10 Great Britain, 10000; other foreign ports, 10000
Decrease 90 France 720OO Total increase in exports,
25400Obales.
Committee of Wall-st. Cashiers have now
under consideration the subject Of the establishment
of Clearing House. This plan Of settlement has some
advantages and some drawbacks and II is doubtful if
any arrangement can AZ present DC ulAue suCu
purpose As the subject has lately attracted some at
tention. annex from Gilbart Banking descrip
ton Of the Clearing House established by the London
Bankers
We shsll now describe the mode Of conducting tho
clearing the way in which many Of the London
bankers make their exchanges with each ether These
exchanges made NJ the Clearinghouse. At this
house which situated In Lombards In part of the
old Poet Office clerk attends from ich banking house
twice day, First, he goes at III o'clock with those
btah ta 9TH han bar Each "a
receiped by the house through whom IL u ssHted,
and the checks have the of the house written
them. He drops the bills payable at each house
In separate drawer provided for the purpose aud he
in his book under separate accounts those bills
that may be dropped into his drawer At about - he
returns home. He goes again al o'clock with fresh
quantity OF bills and checks, which he delivers in the
several drawers before He then enters in his book
those checks that may have been delivered in his draw
er. From TO he receives further supplies of checks
brought TO him from home by other clerks. These
checks he enters In his book and they then deliver
90 in the proper drawers As the clock strikes
T. further checks taken. He then casts bach
account, and strikes the balance. These bAlance-
then transferred 10 the balancesheet The balance
sheet u half sheet of paper, with list Of clearing
bankers printed alphabetically In 4 down the mid.
die On the left hand side is space for the debtors.
On the right hand side is space for the creditors The
clerk begins with the house at the top OF the lat II
this house him money, he places the balance
the left SIDE of the name. II he owes money TO thus
house, he places the amount the right side. Thus
he proceeds through the whole hst He then goes 10
the clerk OF each house and cslls the balance 70 HIM
and If they both agree they mark Il with pen II
they otter, they examine where the error lies and
make the accounts agree. He then casts up each side
OF the balance sheet and strikes the balance II the To-
tai amount Of debts exceeds the total amount Of cred
its he viii have TO receive the amount of the difference
II the credits exceed the debs he viii have pay the
difference.
II a banker does not choose TO pay bill or dram
brought home from the Clearing house il is sent back
and dropped in the drawer Of the house by whose clerk
il presented. On the bin drst Is stated the
for lis non payment this Is usually, no efects or
"no advice; sometimes not sufficient effects, or re-
fer 10 the accepor" II this draft delivered in the
frs, instance In the morning clearing that At twelve
o'clock II Is usually returned before four O'clock but,
In all cases, must be returned before i've oeOcs, or
else will not be taken back, and the banker Is
siGered 10 have paid H. II returned after four o'clock
debited and credited on the back OF the balance
sheet.
All this is usually done by five O'Clock when the clerks
so home for short time ior two purposes; par
pose H. % fetch the money they have pay and the
other H. TO see their balance the sheet with
the balance othe books Al home AtabOut 5 5a they
return and any clerk who has money 70 pay pays 70
any clerk who has money 10 receive Ii Il common,
however tor three four clerks 70 form OF club,
and pay principally s3ong themselves Hence, when
enc member Of the club has money TO pay, be vii paw
IL 10 some member Of the club who has money 10
receive in preference 70 paying II 70 any one else by
this his TREAD obtains his money earlier than he
otherwise might and gets OF sooner II Is obvious tia,
all the money thl u 10 be paid must be equal 70 all the
money that u to be received If this should appear
10 be the case there must be error and the Clear.
inghouse Is then said to be wrong Two Inspectors
appointed with salaries 10 detect OF this kind ~
examining and marking OF the sheets Tner signature
Is sso necessary before any money can be pad from one
clerk TO smother.
An the articles in the clearing entered At home IN
book called the Clearing Book On the LEFT hand
entered the bills and drafts upon other bankers These
are called the "elearing-outs On the right hand are
entered the drafts whh are drawn upon The house and
which have COVE n from the clearing These called
the clearinsin' II the cesrinsost grester sun
than the clearngin' the clerks sy, the clearing
irss in that IL the clearing clerk WI bring IN money
from the Clearing house In the ether esse they say
"the clearing takes out thst - he VIII take out money
from the BANKING house 70 pay away 81 the Clearing
house. The balance OF this book should agree with the
elesrers balancsheet excepting the differences d the
preceding n which he may have settled When
this is the casS the clearer Is right II not, BE wrong
and he must discover the error. The clesrer nAy be
wrong through errors made either n his own hook a.
the Clearing house, or IN the Clearing Book ., home
he error AZ home may be either in the "clesllns-tn
or IN tse eieSrins out Ii the be IN theelesrag
ser u VIII make the BsnkinshoQse wrong; in the
eie~rn u, VIII not suppose tor instance, the clear
nsoat 2 wrong cast q 900 too much the house VIII
oe Slvo ever, and the clearer viii be 81 600 short
baf u toe elesrlpyn be wrong cast 900 TOO much
VIII not s-et the balance OF the house because the
CASH BOOK WI consequently be g. OOD e.s and these
two amounts those Of the Cab Book and tie uad D.y
Book onto which the amount Of the Cle.rinzn Ro,k IA
snfere placed on the sde Of TIE r,.lnsner
But as error VIII make the clearer wruax The x.yin
which the clearer discovers his crrors "a hy %
his book sean<t the Clesrins Book kod BY r--cs-,n.
both the booka An error may have occurred a. he
Clearing house II the clearer kAs plsssd wrong BE-