New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-03-28
BROOKLYN NEWS.
MERCHANTS DISLIKE IT.
RULE REGAhD'N"
COUNTRY BANK CHECKS OPPOSED
DpyGoODs DEALERS WITH MAIL-oRDER TRADE
SAY THEIR PROFITS WILL BE MA
TER1A1LY REDUCED AND THEIR
BUSINESS INJURED.


BUSINESS INJURED
The merchants Of the Borough OF Brooklyn look
with great deal Of disfavor and no little appre-
,, ,,oor IN. now rule passed by the Clearing
Iouso aesociatlon whereby after April " the
hanks are 10 charge for collecting all checks draw"
upon country banks. \ number OF the larger -,
goods and department stores have large ou' -'i
town trade As II Is conducted at present '"''
business costs the firms large amount In postage
and EXPRESS charges. not 10 speak OF the eNpe"'' ~
samnles 4 large proportion OF this business -
maid for by checks drawn on the local banks ""e'e
tho customers live. II the opinion OF Se'ei"'
merchants seen yesterday by lr1pune i'f'
that the enforcement OF the new rule by 'he oa"nN
whereby a large percentage IS to he charged io'
collecting these checks. would "ork sc''o"" '''''
TO the mai-ord trade
1Iuoh Bovd the head Of the firm Of Journey q
Burnham. said. =,
"Our mai-order business is a very large one IL
now costs us considerable money 10 conduct H. w
have TO send out samples and pay the cost o' "
liverng the goods. and now II we are u W "a" ~,
on the checks which we receive In TINS business ,,
is going 10 he a serious matter. or course W.
either have to pay the cost OF colIec'o"' a.
mandod by the banks. or We Will nave 10 '""'H
10 our customers Obviously. II VIII De
10 60 back and make customers s'ahd "'S
extra burden II would seem very sr''''' Inn
from their point Of view for us TO do bu' INV -
gregate loss US will be large ,o
IL seems TO me that the banks ought 70 "''"
the matter among themselves. or course, wv
banks have perfect right to take TINS STEP "u'
will make large part Of our business imp
We will have 10 take some steps to rehe'e '"'
selves Of this burden II 1t proves too heavy ou' ~
course We VIII have 10 sec just how the nv an,
works before We will be in a position 10 "aA' aug
c. n Matthews. OF the firm OF A. ID. Matthew's
& Sons. said -idtc,,Ious
This new rule Of the banks Is rio'c"V ~"
thing but We may have 10 put up VIII M ~, ara
have large out of town trade, ana II Hr,o,,si,
forced pay a large percentage II VIII 9e''''''
cripple our trade . ,oL n Conklin
& Son. said: - .,,,o, - this new
regulation Of which You speak. hut there - NV
donhf that merchants must he opposed TO sucn az
Injustice II will affect our out-ot-to"h s" Ia
materially 10 have added To our expenses OF AZ
iiverng and hostage the expense or haNlHs IL
checks collected. It is only matter 1i 't ,ho
when an Injustice OF that kind will receive , me
united opposition or the merchants, Al nou ro,
which do an out-of-town trade VIII nave 10 r.;
together and secure the abolition OF THIS new lui'
s + Rothschid. OF the firm or Anr dh "a ~ Ok
Straus said that the trade Of his flrn Wa Ia 80
of a local nature and that they dd noi tLlInh vic,
the new rule OF the banks would aftect mem M,
riallv He vas rather inclined, however. 70 nv" IN
that the banks were doing right IN chAislh Iui
Collecting country checks. in order that their cd'
ines might he increased. -, . eve
"At any rate" said he. Tets Try the ht" SS'-
tenn and see how il works.