The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-08-10

sEA1rs.E. rnp.spAr. ArGusr ~.
cu.rAmAxcEs Avn BALANCES.

U041TtsBf T0g1p0Ans A&Ae&Ab -
Cn.EAnAxCEs ASD BALANCES.
A. predicted In gunasy's OreGonian.
hank ets4rfnks al Seattle yeSttsdAy lMsn-
Ieyl were heavy, tho Total sein9 Ex.Siz OF
CHS amount. a36t,su nss sssaixncass carried
oter from Saturday etsartEEs. isAstng
The actual e3eaftnxs Tor Muadsy 3.M. u
other words, fhe ixures sssow abonf two
thirds psddsas aud oiis.shird actual bnA-
ness. Il osAffie could ouy bread af poy
taxes with tbs abaiancss'' used IN eniarG-
1nx her hank cIenrinsA chs Mo~id ~ ths
wreassst city sn earth. Figures cantsot
te." bot figures sometimes do.--porliand
QrcKo1san.
The Post-Inteliixencer would cona-
mend 70 the oregonsan Mark Twain's
rule, when In doubt. tell the truth.
ny adopting II. It win avoid making any
such unwarranted assersionx an are con-
taiucd In sths above paragraph. Tina
orcgonIan makes the direct charxe that
she hank elearinEs of this city are
s.aisoat two-.airas padding and ene-
third actual business Aiso that bsi-
ancca arc uurposeiy held over from day
ID day In order 70 swell the volume cf
businean In shurt. the ursgpnsan
charges the bankers Of seattle with be-
Ing set Of takers insteaa at bussness
snsn. and that these takers have entered
into some Kind ~ plot 70 dernssc the
puhtie Into believing thay are Transact
tnx mor3 busines. than - resiiv the
case.
Those who are personally acquainted
with thu bankers Of this city do mol
need tks assurances cf The Poss-Intai-
ltgencar % eonsince them that this
charge 1. naasense. nor. on the other hand.
will The slurs az the orsgonian cause
them Ia change their opiuIons fsas.
unfortunately. the osegoniau reaches
many readers who neither know the
men against whom the charge In nsade.
nor the Facts. and for that reason the
at-Iatsllixsncs viii make few plain
statements gathered directly from those
most iassrestea
The rules governing ihs Seattle clear
inx house. and the practice Of It'd nsesn-.
bers. are practically ths same ~ eh-
tanned ten years ago Hence II fellows
that the percentage Of tnsrsase or sie~
crease u business fnuss he accurately
shown. a. all the business ha. hesn
transacted under the sans rules ana
regulations
The volume of business transacted by
the clearing honse does not ssfest che
banks In the least: that Ia "a say. II does
not add enc dollar 10 ar take one telsaf
frum thesr business; hence. there IN ~
seisash ahsees To be gained nv PADDING
the returns. as charged es the Ore
gunian.
The clearing house l. maintained hy
the banks composing il fer the sole par-
pose of faesnsassng and simplifying the
exchange Of business between shcra.
selves
All the Seattle banks sNr naw dang
large amount of business whca In ean-
ssansly Increasing. ana the rssni, h ear.
sespoaaiagly large and lnesessing clear.
ings reported By the clearing hssase "a
for the balances. il Is the practice uf
SOME Of she hanks So eaisees iAsiy unirsa
the atiaaant Is very sasaii. others maks
their Collections - sui their eenys "A
lenee. II II IL probable that the fellow
Ing days hassnsss with show a aaiaace
on the otser side os tiv account. which
VIII ehxiate the necessity az collecting.
the balance against . sestala bank may
BE- withheld That h nss only perfectly
legitimate. bat II Is esse - the asvaa.
sages wsseh a clearing hoess offers It's
msslsaess-sn opportunity u sxehanxv
business at ussassnaAa II cost saa La
tscr ANY banker in Portland ar ANY
other etsy where 8 essarsug haase Is
maintained viii verify thssS
The bankers ef Seattle have ssevsr at.
temples. - rsaa or swsl, tnss a.ssstssess
ot the ste@slns hoese since II was 49,
sahElsssest. TIE fsa@aw ~ thS ssearsax
haese are erea AZ an sfsses g. sac IN
sresssnn ~ sny ere who may wssh ~
verify she facts hervsn stated, as<s I'VE
ssrSseasan In particular ~ snvssesa ~
rake saeh inspecslea As will saaa.e Il