The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1893-08-17

absolutely proper that tho ability, faith
fulness, integrity and past career OF an
enlightened aud liberal official should
be- indicated.
Tho movement towards organizing
this now bank, or OF recuperating the
old one, should be speeded on Its way,
as no more than is absolutely necessary,
should be lost Of the time, that il just
now more than ordinarily very valuable.
Besides this, the sooner the new organ
ization opens its doors for business, the
more secure the chances become for in.
heriling the good will and patronage OF
| the old institution, In these remarks
no intention is had to dispArage any OF
the banking institutions OF the Gity; 1t
Is we'll known that the Exchange bank
was considered the manufacturer
bank, and it is also believed that no
one or two OF the banks, as they arc
now capitalized, would undertake to
carry the business tho Exchange bank
transacted with the manufacturers and
jobbors,
AS the organ OF the manufacturers
the Manufacturer urgently requests that
the manufacturers aud Jobbers of this
city meet in convention with the d.
reotors OF the Exchange Bank, and APP
poiut u committee, OF say nine, to adj
wise ways and means for retllling the
void, created, US before mentioned, by
the going out OF tho Exchange bank.
After consultation the Manufacturer
takes the liberty OF issuing the follow
ing call;
Tho manufacturers and jobbers are
urgently requested to meet with the
directors OF tho Exchange bank, in the
directors room OF tho Exchange bank
building, on Saturday afternoon at ?
o'clock.
Clearing House Certificates Go In Glove.
Cleveland, o.. Leader
Merchants are still 70 ceiving in largo
numbers, the bank checks issued by
manufacturing establishments to their
employees, aud in most instances they
express willingness To accept the
certified paper, The difficulty eneoun-
tered during the first few days because
OF the checks being issued for large
amounts is being rapidly done away
with, and the drafts, US rule, arc now
Tor much smaller sums, although
occasionally n check for something over
$20is presented. Unless the purchase
to DO made is large the check is
generally refused, the merchant not
caring to give the change in cash. II
the purchaser is willing to take small
checks in change the merchant raises
no objection. Caution is also being
used to ascertain that the checks arc
genuine and none are now accepted
unless they have been certified by the
clearing house or the banks on which
they are drawn, unless the merchant is
confident that they are good. When
checks are presented in such large
numbers as at present this care
becomes necessary for the protection
OF the merchants.
A Use for Clearing House Certificates.
To The Editor o. the InteIltgencer
SIR:-At present the banks, am
told, are compelled, owing to the con-
traction Of the currency, to refuse
many responsible parties the accom-
modations in the way Of discount that
they ask for.
Now il a clearing house we're formed
1t strikes me that an arrangement
could be- made by which such parties
could be given certificates for their
paper and these certificates could BIO
given to their employees, and if these
were accepted by the merchants in lieu
OF currency then much OF the incon-
venience we are suffering in the way OF
banking facilities would DO done away
with. WHEELING.
Wheeling, August 10.