New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-12-23

NAvf tDuHlIN SldIu - lOIlONS.
re'cGns,f' Of all Iayp ,.a5
cod and .ivcr coin................. = Iel
ca5 yR,R and e,n.,, for all other 4 ls2s 92
Total Inconvenience. ...... 900 1000
Thu, it appears that there Ia, been no relative de
crease In the Use Of checks and drafts excepting that
which result, from >lrlnkaSc Of speculation a, New
York II T., proper t. add that speculation IN scourc,
at other cities Ia, much increased since i-l, aud has
doubles, given rise to part OF tho increase in
checks and drafts used nj other cities
But while there is found g. have been no decrease
in the proportion Of credit paper used since Isl but
on the contrary considerable increase each clas,
Of banAS Il results OF socl speculation AZ single cry
BE- excluded the comparison disco>es another fact Of
great importance. The proportion of bushes done by
NewYork sort of clc.,rIt house f.. other cities
and towns Ia materially decreased Nor Is mi, strange
There about twenty clearing houses outside Ncw
York in l--l hut the Controller give statistics for
forty three TIE change in the and law viii n cause.
reserve cite, 10 carry NOR independent business
has also trar,f"lNi the large part Of The work -
settling acf cunts Tor the continent fum this to
other Cite, Thu 4 +, seen HAT. while
Abb per cont of all payment, ~ us com
Try we've. Inadc IN 1--l by check, ard drafts n
New York alone. exclusive II stock Transactions
in 1870 only $3.50 per cent were go mad. iadr,un.
transfer Of az least ID per cent II tine aggregate"
about s34,OOOOOO daily. from New or. settlements
10 those of other c!tic.. PAT - thi, work 81 srtr
ucnt his gone 10 minor cite, whore clearing house.
have been established within the last uuc tctr, but
part has alo gone 10 tine cities. Thu, The 90
crease In the II checks and drafts AZ reserve ciics.
| instead Of 1913 per cent u the whole. may probably
have lro,u 5.7G per cont and ~" lncr"i-" AZ
all other bals Instead u per cent ~ the whole,
msv have been about 3D. per ccLt. u from hpih 49,
excluded the tfal-,t ol> ,.ciTcd fro" Nc" MI.
These two gr'a, facts, the decrease iu use o 'c' ~
| and drafts res tug 'rIm ,,0.h spccu!tuln ~ Ncw
lOik. and The trans Ter q part Of tie ohsncso ~
settling accounts Tor the cputacnt 20 other cites,
| AFFORD cOWprtc spitu1'i1u n Iic phenomenon
which the Controller Observed Nur 81" either 81 ihr'r
changes indicate any real los, ~ bu-lIcso At tn,
| city, When BANK 10 Texas u-'d 90 draw 'ii
New Work. IN settlement. aHd f. frift7 FOR -looHh
met remittance OF Ike amount forwarded IN settle
| mcnt by a bank lI kalsa,. th, CTS rurcd nothing
a. Kan,ae tlly gains nothing now II th" t"" cunts
| meet there.
| imt II Will be seen that the volume ~ payments.
exclusive ~ tl0~ arising from New YORK stoch opera
tons pa- Iuoraecd from +13J2 '.J2o. Jun" go. l--l
10 500, 40, July J. l-"u. Iln %. nearly 20 per
cent The story IN substance. t. VIII be rcnIcm
| hcred told by tire exchanges through banks. OF
which account va given not long aC". Iut it now
appoars, ard tho Fact l. peculiarly important, that The
bInk cicIrincs represent les than half the artua
payments The following statement shows the amount
~ payments made July 7OO. Al each ~ the principal
cities and in other Of Banks In parson viii
the exchanges for the wear ending september 30
divided nv 800 bushes. davs. the number OF banks II
| the clearing houses being added