, 1866-04-18
THE CLEARING; HOUSE: ASSD-
CIATlUN,
The Badger Complications.
a COMMITTEE APpOISTED TO
STRAIGHTEN THEN our.
Regulations Regarding Checks.


AeEoAa0ons HteGAFA'aS e"ccAs.
The EA2cago Clearing llou>e A*soesntton held
tpeGa1 meeting yctteIohy Afternoon. 1t thetr
rooms on The corner ut tasalle and Lake etree'e,
mainly !. wss understood for the pu,ppFc Of he's
Ing et'me complaint 10 be made oy one Of the TN
bezr, OF The act,on or L. C. Badger 20. In 'esa
ing The money fraudulently obtz1ned by O. oAo'
ecr and deposited With them. The suh'~1 W. ooe
Of mo,e than ordinary Inherent. conse.uen'ls Snen
tho rseesinR nas called 10 osde' 'a"'een panss
we1e represented by the mems't-' p1eaent ana eno'
heQuently officers Of 4evera "tncts put IN appeaf
anee. Ms. ". i. Coo1p'sse" ffssaaeas et Inc
Union Eotonal lank. .'Ies'"ea, sna H. T. a.
1ses, Manager Of The ~!ca11Df doase. ouchtea N
Secretary.
4r. Cool6sues ssaseo 'na1 taif meenae Wa
called By reque'' o1 1he Merchants National bsnk,
md beyond the business which WIS through That
lnttttution to Dc Drought before II no helesed
there ~n' hfs'e or nothinf 10 he done. as thls
spsetned busnesa could mt be taken up until Inc
arisa' of the President OF the Atrehantt, Naf1onI
Dauk, he would call iot whatever else members
might have 10 pTppote.
COLLECTION rArER.
Mr.. Jostzh Lombard. F1cridehl o. INT fHin
National Hank t.ppo4ed the following:
g. D-eo,~.,, Th,t tbe Yankn and tsuIcrs rrnre-
e.,;lss ~ r. fir.ro t:,ear,nr tion.c As.ocs!im
s ~ ~ ha-.,rr e-cere sny ~ rcE. 10 nayn,nnf ~
siao,r,1 @ vsntr nn'rss rnrh rhrrH. shaW ~ rcTi,
Nd .s %ood hr lie banls or hanla,s on whom thcy
1u-..
fnhy o. e ors"n VI. ,,,.n.. ~,
Mr. ,. H. otafee4. VICE t1esloen1 ot 'ne No:1n'
western National Dank- offered, as IN amendment,
the additional clsuse;
And ,h,, III n,rer sim, ,hrnrr, ,hn b.nt, n,
u aa. ~ rap.. pases0s 'a.uaeu e"e s.a,. ~
tanEsah oe!one'nf 10 tne Assoc1st'ons "n'Cn u
made payable N Or with exchange. shall bs COLLECT
cd With lhe ex change added, in money or certified
checrs"
.,s H. H.. ,u.,,, ut
1he amenomcnt "as aecEP'ea y, 'oe mover VI
tae original and shc resolution sEss thus aa >''ea
c1osx COMMUNION.
Mr. !. +. Scummon. President Of the Marine
So :. xrrh,1 ron,,nn ~ th.t n.
COMPANY. oneu aae,.,,a. s,aas.a -. '.s ~
net up md enforce all regulations Id byaws OF
the Clearing Houee." THIS motion for the par
pose, uatn!r, Of enforcing st.entIen 70 the attb
etc3'oo o. he ns-0"t' "htcu p.o''aes .aA. panks
or bankers "no afe msmoefs ot me Astocasaoa %1A
not receive on deposit checks Of eNnka or bankers
or CHICAGO vho are no, utmbers. The .esolptiou
"as' Alter little daseo+.lon, adopted.
THE AAnafh Nnnoofao
wes NOT: brought upon The carpet bY the tnttoduc-
1,on Of The following communication from Mr.. c.
H. Blatr, President OF the MerchAnfs' National
h.nk:
CuscAao, April l7'h, 1sG6
70 tAe ires'aen' ana memoefa o' INC coiea2o
eiea7ag uoufe Associaion:
IN 'he ihsfd Of Apal 1s6s, one B. 4. Badger
x,b,ro,o go SIN n. 4..no,t.rt .sre..o,+.,tn,.
,,1.sst T.. ss..'sc.s.. ~. s",~...s - .,sss
Nncl Ae 1Mu'eolate!s ocpos"en "3ta a. =. Oaase1
Co., nemhe1s Of this Association; which money
or any part Of the ssnc enid A. e, lsadcef a. C.
rrfuse TO ,eturn ia said Merchsuts ton., Bsnt ot
x>l.. ,.n..., s1... ~. Fl -. na[r -. :
Sa1easo. a"nonra tne5 osses aS LUG omeefs o. me
National bank OF Chicago bsllcse, no right, either
~. na,s pe, e..,.so,f'',r ~ ,-.nuss,. -. ,,n,,
oy cnmmst,se u, ,,ss+r,te RE- f.c,. ~ .1rena,
s,,ns~. r,n,,sc,s5 ,,t, ~ s.,a
htAoee CONNECTED WIN tne oS'a1nlne o. SAID money
and the night OF Mc.trs. 4. e. badger d Co. 10 re-
{. . DtA.u. President
a silence at OF 1oilo surprise rei :ne1 for fe's
minutes, broken y length by Mr. J. o. liutter
sad hn,.. ~ ,,c.- rho x,e,s ~ ,..n,.... ~ -.
.ub,eeL ~ '>'' ''' - ''F - ''' 's4S ~ -
ktr Joslah Lombard impr2k.1 on Mf. Rpttef.l
reoera1 promo. i,,on, bv reihest Eot a par,ienla
ltA,encn, rom Nj. Bl.s Of bis c11ev.aees.
MID. Y. seammun stated Ills belief that this as
Sociatlon WRs intended 10 be -ort OF bankers
society or bankers church. IN which ~hatcse. dlS
tercuees night arise might he st,,ed according tc
u Christian rpis1l Of mutual accommodation and
I'M, }1e ,nor.h, " ,,.,,,A. ~ r,.,,co,t,, .,n,I
'uE. " tne"E"' - taa''se ~ 0itI'nHs Iouto
1aal nsenas and 90 talktnE II over taes failed 10
eommittrs u this associa,'on. Or even ~ the ex
however: liza, unner the 'cons.,tulon al the asto
caton. IL hsd any rasht TO take cosntxsnc. OF ht
9ustr c1ccot p eoneent OF ooin parties.
nta:r be said ha. he nad 70 idga Of lhe cxl:seac.
.! any a1taos1tE IN The Clearing aoa:e A.soe,at,oz
70 1nsesIiga:s thi* matter at a. 20 'ar - be Va,
e. ~ ~ rn a,hs. ~ s1f INA i. % NV Vet = ~
pspsn 4 lie ns,.s;, III " .t!ii moss SOUNDED
20 II H. os L. y aaf fSP tx
!" hive tue tsds Of the case understood by cvcr,
member Of This Artoc.ation, he felt that he hai
no'h1nE 10 conceal IN any Respect whatever, ant
vb. assured tha: he had acted with perfect j1sac.
and corssetness tn the matter, a. any Other hankc
which = tanker could tansau nl. business ~ wttt Il
eaf~ty 10 him-eaf Or just CT 70 his Customer.
Aestn asfuiing 1he members that hs
Investigate be exprc.tcd his desire, uetwilnstand
1nE, fhas they should thso4chiy understand ths
re +. me, he qa r.1'e ex sI,
lion.
One Of the menbefT movcu fhat Ar uadser b
heard uut The chatr d'd not deem the for1natity o
amonon oeceslary. snd ctaciousy .,ga5ned to tht
b2dfeaed ladfcr tdAt ne m'cht proceed. de did
20. easn&
1ng. NJ. bla!r aud y. y. baoceI made '1e trade
1ot e1enanpe - OK tssulea II atpo.l o. rnlo. =
1s Fsao 10 aht n " th!es c1oeS a scn c'oeS !.
the morning; .. u. naaRt9 maoe nrposN 10 ~
noIAlhE ~ ne r1oal3 wv 4 o.stn ieaSea uau
money 70 make a.. raasa. ~! tscse oas oetu n
tas "hen hir axcount hat nol been mads good. IN
norcy est paid TO M ak nssl mo nothing s,'!aesct
ny snrPicaont .hat aay.hinc ~ wIone. anc i~ea
on nsyias e cseks M o1 sSnn' %, na eesf =
entered ,ne oaoe. a,sooselsa t1at sone.nne W.
Wong. oiseossIeu t1as &c oao peen using none
no S,1 oe esecli nnt a I ho h
- ,nneS ~ nt,h;nrr .rn - ~ ~ ~ .
his cherks h. wonid ~ sninsn 49, t stnnnrs ~ X
ri,ccl.z however Til a4crrtatned how rlood
Naiinn.I tlsnE and ]honia have had to hsrr tscnDa
1nr tre~ II 1nrt.rs fynm the 0n,n,nns n ~ n
stt5,n|ys fhsSs ssen ~ bsrs " .rs ~
rc.a manx t1.,rn ~ @rhn ~
ffs tcherks tf,si ryrrrr4h,,.. b,re ~ RI