New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-10-04
CLEARING HOUSE ASSOCIATION ELECIioN
RESULTS OF THE ANNUAL MEETING-THE COM
>uTTJ-ES APPOINTED.

MITTFES APPOINTED.
The annual meeting of the Clearing House Asso-
citation of the New-York banks yesterday resu'eu
IN the retirement of three members OF lhe Cie"'"e
House Committee who were prominent III the "i"u
Gus labors entaed by the summer hnancal cIlsiS'
THE rules of the association required their retire.
ment but they remain upon the Loan Commune
which is concerned with the important worn VI
Uouidating the outstanding Clearing HOUSE 'o"'I
certificates The meeting increased the salary ol
William Sherer, the manager from sS"" 10 SiOooo
q vear in recognition of his services this year Inc
salary of William J. Gpin. the assistant manager
was also raised. Both men were reappolhteu ~
their places The association AMENDED the py-a"S
so as to provide that the admission fee OF all oahks
with a capital not exceeding 100000 should be
5000 and for banks whose capital exceeds $'VVo'VVV
the admission fee will be 1880.
suggestion of the United States Assistant Treas
urer Conrad n. Jordan, that the association agree
BY a formal vote always to pay the Sub-1reasury
credit balance in money current at the New-fork
Clearing House was referred to the Clearing House
Committee with power The committee was author
lied provide depository for gold coin used IN the
settlement of Clearing House balances 1t is prop
able that the vaults of the Mercantile Safe Deposit
Company will be selected. 1t was the sentiment OF
the association that the Clearing House should
erect building for its purposes, and it us under
stood that the site is practically selected The de-
tails will be carried out by the Clearing House
Committee.
The association is now composed or 1Orty-SN Nd
tiona banks. eighteen State banks and the United
States Assistant Treasurer at New York There
eighty four banks. trust companies and similar
Institutions In NewYork and its vicinity which make
their clearances through banks that are members
of the association. The Clearing House transactions
for the year ended october covered S i2l2SD SS %
exchanges and 81, 2O7 10 50 balances total of
&617 045 49, In the forty years of the existence
Of the Clearing House the exchanges have aggre-
gated sO2 i5i 3S and the balances s459SlSS-
600 20. total of slO67 900 431 05 49, The debit bal
ances fol that year paid in the following pro-
portions Gold coin, s72l2,N0; gold certificates
drawn "to bearer s65,06 0OO gold certificates ito
order" s32.355,0oO; United States Treasury notes
$s46l3OOO; United States legal-tender certificates
S1sS.l2OOOo; United States ega-tenders and change
$5 O63 75 So Clearing House loan certificates. $685.
H83 900, making the total 81 $50 Poll 25
The election of officers resulted follows Pres-
Dent George G. Williams president Chemical Ma
ing House Committee-Frederick d. Tappen, pres-
dent Gallatin National Bank; William A. , Nash
president First National Bank; William w. Sher-
ma B 90 Bank
ference Committee-Daniel b. Hastead, president
Wright, president National Park Bank; g. G;
Brnckerhof. president National Butchers. and
trail National Bank; L: S. Mason, president Bank
Of New-York, N. b. A Nominating Committee
Dumont Clarke. vce-presdent American Exchange
National Bank: Thomas L. James. president Lin
coin National Bank Edmund ID. Randolph presi-
dent Continental National Bank; John VI. Crane
president National Shoe and Leather Bank; Joseph
s. Case cashier Second National Bank.
The president appointed the following committees
On Admissions: A. Barton Hepburn, president
Third National Bank; J. +. Fredericks, cashier
president National Bank of North America; James
c. Cannon vice-president Fourth National Bank;
Scott Foster president Peoples Bcnk. Arbitration
Commttee-John T. Willets, president Leather
Manufacturers National Bank; Phneas c. Louns-
bury. president Merchants Exchange National
Bank: A. S. Frissell, president Fifth Avenue Bank;
Robert NJ. GALLOWAY, president Merchants National
Bank; John McAnerney, president Seventh National
Bank.