, 1869-11-20
TIE GOLD EXCHANGE RANK.


F1pn. tAs S<r i'ork Itiount, Nor, ~.
The Gola ExchanRo met In executive selAion At
? nj. yesttn!ay, 10 tske astson na Tho prapasi-
tuurtn1 of lhs Rolt clearing hus'oeaA Tbs
proportion Of Tho bank was y Fe*unc Clearing
wln It's lenetl csillis1 ts,ont s3v9 oop' Oh terms
n.ore stan 1wa Weeks aEo, u wos Eefszred TO the
Directors orthc neg Clearing llousc After 1hc
trntis nt the n'Inntea VI tns last meeting. and
the introduction Of a report. which ead been QUIT
ted, MT. Ao,t from The Executive Commit.
t.e. ot;rcd e., q r,earnls sns sud ss5; 1sso;
sa sy , ' ss al ~ ess ess arssa mSaa
aupt,ott 10 Nil iis officers n1d members rho ntfE
Il tra,rt cd with !rgsi proceedings lsc :Aass of
iion was aiol,'ts,. Sit. X. l. Edwards read tho
rrpct7 OF the i.o1'Intttct Oh tie Clt1s1nr House.
rtcour ending thnt ID coE sldefaiion OF the e1n-
~ wef ~ ia general course throughout the
period whch had heen ~ Try Dg to ali it oe aRa,n
adopted as = rtsce Of clssnns oo the acceptance
OF Ihe following rutcs nEd regulations:
I. ttr.t ~ a1u eta!euten.s Tor clearing shall lie
similar 10 those ber tofoIe n.ed-
2 Al ftatcn eu's for ettHttoX shall be presented
ii ,hv I,ank C.sarrs Department At CT ee!ose l2X
= pa5mes: OF iii balances due to tse bank
tur IL he ac ut te tine that the statements Ire
bar dtd IN: II currency, hJ ceE1Iaed cacckH; II
gold, tr colp, certified caecks, or certificates OF
! in caxe Of fs.fure 10 MAKE gecrral clea.:tE4
b; p m, Latice sbaf te posted 10 the bank sud
Ii tie Gold I1c5asge room L. .nouuct:s auth fac,
AID nj checks, cnr7car5. cosn, cnatt s:asea
lrtasury gold crftG 'aer., s'a:eIents. end orders
feloretn9 IL dealers shat be iMucdiltets returned
to Ibem when called Tor.
{. None hu: mtnsxrt md sssoe'ate raenoen
Of ine New Io1k Gold Exchange tha bs sl!oEed
lie pstvt:eTc Of The e'esEnE Department. except
tie parties to whom such fs's'lese has heretofore
q. Tic caarze fot s.sar.rg shall Ie a: tie rate
:. AL dt a1el+ who have entered amounts d1e
frcm or 10 them on their stastHeEts, vii he held
re*poE ii: .e for the faMe, and must, tmMedutel5
| rpou EoiIacation, mike good au5 anonn:s in de-
fault: and 10 care the tsassmeut Of tae deslefs.
! with tie balance tue, be not treAt1ted at tic
tank befo1e m. the dealer ahalI be considered
| 10 Rave failed fur clearinghouse pn'poies. snd
thsl! be sutrerded from The privileges Of The
s. in csst The dealer fa.ls to present bis state.
| nent ny l9:sU p. m. Hltn the tslancc 01e the
| banE. q dLe Ct So shall be inposed
| p For each and eStrf effor IA hf statement,
| spt de.!+r .hsli be 1ued r.
1e. TIE aank ApAlt pa< ali h.iaaee DE - de1eta
10 checks on the Metropolitan Sat!os al HaLE psf
! atle 10 The order Of The oealer. hus "a 10 case
tnall The bank r3AEc arJ payment Of ha,aoces due
te,ltr~ 1ntl all eaisnees due Tue oaaS have been
The report was .tgued by the committee, md
| NJ proyei By The n rtcs1fs Of tie God E1toaose
Hank. Nr. t!Rate nosed taat :ae report os
printed for d!strihuttoo Of members. sud hat tnt
subject he reSspune.a faE Ten lays. lie conls! no
rec tie nee Of lees.saishiog ne GeastsE Haze
hyt1eE. Sow that ftere II - no f,1earinC. Uo1se
he heard Of no dtfEcnlues IN ttansscttn9 business
md he te!seSed il ie,toE vel! enough alone. Hal
| a uQXSQ lar Is We're yE8Vy 8Nu NAlUX II CEIEA
! the cnecAa Of nxmteft, when necessary. hut uou
| Of them would ntce2t certified check EGnA1asto
from the Gold Exchange Rank Hestdes. be ha
| Ia'eIy been tod by member OF Congress-, that 1
easc the Go4d Heard senewfd ia fttEet relation
witt the tzark. Conrtets would Ese ersfJ tn IT
40 away Nth the Gold Boazd, esen Reta< 50 tal
ptItaps. as 10 fetJ q tax Of one 3oor1h Of one pc
cent upon each and every trsnsactor- Thia ~
dIehA 1t Mt. Co,g.ses E4s QTeett1 with drEt5tE
! isrgh1eE. Nj. Van Sc7als tucpoEsed Ar- Co'Ease'
| nctor, which was voted up01 aud iost by Vot
| Is s. to C.. The report *a9 then brought 40 to
| confederation, aud The rules we're read *efiafsp
beipR spltd On m tIrn. The only material a1eDt
: | mept was II Rrle = Witch WIS made TO READ
.sNnre bu. fuis u,eushete," &c, the saFt1g Claus
ar the end ketnC stricken oar. A letter 1As the
reau non NY il eoo RUSSELL Cashier Of the ban
nLrounctre thar the terms proposed Eere s2ti+!aa
I tnrT 10 tne Directors, Haa that tney ~oa.a
| reads 70 yetulne clearing to.mofoT tn5fofnx.
: u en- ber noped that beinre aLyth1R tnrsheF -
: | uG1e TIE paok Korlt Ease q full axhlbts u i
! ct,nt,tion 10 the t3ar'. us suggestion wd5 30
. | tfouentIv e,Ebocicd IL a rfg1es'. anil me fepo
!. | VII nrubyt}Y he eFesrs ted 70 DAY. Ar. hfptF
: tte Arbitration Committee, des;rti that toe Se
: reiary rtan decentralization sa1e2g feccts ed no
= Wr. Heath CO IN wrIc1 that Eru tcta-e pos
= IL eiy 10 sSarns hesr s!tccl3res With Y. r lFe
;. more + Co ipr trb!tfalio1. rfrsesf!nR la'ntI
Z | xTn4s TO tAe conrta u7artn0te q 70 cnn
. ! that ,beF bought Il o.. CO., 10 GOLD laf Hea1a
= 70. m ite weueEabie oAy Of the pan'c a ps'c
r.r rirr Ircu 1sl to lEn: but th!s 1laxasfoa -
= | ntef n Hsa1h L Co TIE CONE Sulcasaon VA !
- Iet,ed oack 70 the Arbitration l+tnm'51ee' aao u
p koa1l htjautnet%