The New York herald., 1873-11-12

p,ac.g their ready means whore they are
M: Any s .sss Z Ssss
e = shs@:siSs: and q Ss pass Withhold ~
which snss; them 20 credit AND your so@nissss
sssslSs s the ssasas q .as New ToIs cissins
when they share none OF Its burdens ana submit 70 none
rSey Therefore recommend tina. NO bank shan receive
IDSn @
AMONG Ss devices % nsrodueed % 70 stsrscs
camille accounts and :? secure deposits Of country banks
shss as sas
%ssS . %
unfair competition has followed and extended by
m q @ w Of a and q s s
regular method Of making payments in, and re.
are f nsseDtsa a M cash ash IN New Yors peasr
hsr SanRs az home Mho receive
Ssd DEPOSITS Which, BY a%s ads ho'
but ey daily y
sDa n Si e time rs re Nil apUr
necessary Or business from is natural courses
Ss h sl n asS y
Sas BY wneh
ssS :rs sSey @ ss ss &
such che cheeks rsey from heE
ysSs ys.:Ss Ss! Ss asS Snd
raj depostores Of country banks the business Of M
are made ours The The he
Irritation & ana dsGprd @ banks and their custom
NO S II sS
tie s% s
to establish n montny q minimum rates A.
MSS Dan Ss 1 h "
exist me removal q which committee consider as
banks bound together by common interests and having
Nra-That payment OF interest upon deposits. either
nsp % Of tse n aw Of % an
ssnder notes equal TO atleast fifteen per cent Of its LA
no bank shall certify check as good until
s S s4s M pea ~ r. SSoss
four-That no check or draft shall be received by
1ann upon @ dspSf a. par as cash % than
the Sc dis
count established monthly by he Clearing House Com
Ihsy proceed to state how the Observance Of sse
maS ese the OF the has
been & and 81 reform
In the pubic mind OF the nterdependence Of the banks
s s
practices They however recommend as an enecuai
Th.. sne Clearing House Be shsngsa
beard q airscsrs And your COMMITTEES Tsspeeuiy
" which t has been complied from the
and amendments as present circumstances have suR-
Your committee also recommend that the Clearing
House Committee shall procure tablet containing In
to be observed by each member In dealing with the pub
RULES OF THE ASSOCIATED RANKS or THE CITY or NEW
YORK WITH THEIR DEALERS.
No bank shall pay, or procure to be paid, interest
No cheek shall be certified until the full amount is
s. Checks upon associated banks only received on de-
Checks places out Of New York city received at
rates Of discount % fixed by Clearing House Commtase
through the Clearing House.
Checks not good viii be returned to the depoator the
Reaks no. icty observing these rules viii be exclud
rGese Ss and always
conspicuousy the banking Of each in
With these regulations public always informed
wHi M ns a s s
tiles and the support of the Clearing House Association
dealer is tnps Known 10 have co1pro@sed It's
By these important changes many Of the evils which
have grown up in the business community, and which
expire position wa. as
safe and substantial supports of legitimate commerce.
and their officers will be relieved from the anxieties
which in the present unnecessary competition continu
All Of which is respectfully submitted by the committee
GEORGE s. COE, President American Exchange Ma
W L. JENKINS, President Bank Of America.
J. NJ MORRISON, President Manhattan Bank.
MOSES TAYLOR President National City Bank.
r. D. TAPPEN, President Gallatin National Bank
JOHN Z. WILLIAMS, President Metropolitan National
Bank
]. Z. EvERITT Cashier National Broadway Bank.
JOHN q. JONES. President Chemical National Bank.
The report is supplemented by Articles OF Asso-
citation based upon and amendatory to the present
constitution embodying the foregoing recommen-
datons Reports presented to the banks on March
s, 1858 and November q, 1860, are also appended.
RAILROAD CHANGES.
At q meeting OF the Directors Of the Hannibal and
ST. Joseph Railroad Company, held on the 11th
inst, Mr. A. w. Lamb, OF Hannibal, No., was
elected President, in place OF Mr.. L. S. Higgins
and John P. Acker, Vice President, In place OF b.
F. Carver. The Hannibal and st. Jose ph Company
is reported as having leased the ST. Joseph and
Denver City Railroad.