The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-08-11


M nsns1Is clearing house. said yestef-
y 81 not single instance had existed
- ~ wssk where y check had been
111 1ser 10 tbs second days opera
"a hs thinks there has been none
4 - ~ two weeks. in any event.
go ssxhe sum Of such doubles II
~ aoss not have an appreciabIe
IN puelitng The totals"
- Welen Of clearing followed In De-
= shte. and IL may be mentioned
- nany ether cities follow the same
80: When the banks make their re-
bocoee the clearing house manager
Is ~. the representatives u the
- inntitutions ara presented with
= g he hanks OWING them. These
nnaeally taken TO the creditor banka
m6nod III the Same afteruo1n Or the
mosntnG before the clearing house
4 $3.50 again. u sometimes happens
q - rush Of business II 30 great. or
s. r ~ convenient TO cash the checks.
8 = ~ are held and returned TO the
G heuse and turned In 70 balance
"a u elIAirs n the two particular banks
s. ened.
on1y Suaa1l sans CassteA.
~ Whsn there In = dAiay Of this kind
m n mnotly Of small amounts. a. large
- - generally turned In NJ once.
cnaha1S Paterson. Of the Dexter Hor-
- bAak. puts Il: Does anybody expect
li -. Tor Instance. are going to carry
- links in the city, and let them use
npaey day after day without charge!
mn u our interest to set our money
80 - possible. and unless there II
r. - e business. and We cannot well
- q let one or two Of our men 60 to
y ~ checks. they are generally pre-
ri the same afternoon or the next
(e"
i appears that once or twice large
sas have been carried In this way.
60 ~ several days President Graves.
m - Nashineton National. said his In
G5oa once carried over IN. 900. m the
~ upre crowded with coin and there
80 - room for any more. untii II
11 itseaf nut 10 the cleariag house
sGlI ~ amount the other way vas large
- 10 balance II.
~ relative merits Of the system fol-
- Ia Seattle compared with tina. In
Urand It II not the intention of this
Gte to tiscuaa. In the Oregon city
RI anetom II 10 settle the balances at
ri uarina house. the debtor banks TAX
Z lAelr cash to the headquarters. and
4 ~ asditors taking II away. This fire.
nRly requires the services OF an ex-
- wagon to haul the money: but II
~ ouaoras method followed In the larger
~ intention Of this clearing house
4 = - s1pedite the business of the MEM
IN n6id r. q. Graves yesterday. and
M tn standpoint Of business II makes
- 1iRcftnre 10 any Of the banks whether
~ csseraAces are large or small II we
can Avul4 sendinR our men 10 other banks
eAd lFt1otoe gold here that may only
Nm = 3 hAck again the next day. why
Nm - nod policy 10 do IT. A. for
~ eeee1Ation tina, We are lying awake
elAh IN the purpose of deytsing means
= euelllnx clearanees. II II preposterous
~ ~ worth even a denial"
esveaty Per Cent. Anyway.
3 Farley. superintendent Of BRAD
9N~4 said in the afternoon: Every
ehy We are required to wire the
~ elearinEs 10 the editor Ut Brad
s3psfs IN New York. Each Thursday
ss1ne. therefore. the clerk or I so TO
~ STARING house and take the daily tig-
~ num the managers book and wire
- according Co the rule. That r. all
sanction We have with the clear
oocpa-
~ Portland still, insists that the clear
sess ssv padded. and will not take any
~ mere denial" Hy ac~cdinE to
request 10 sniighsrn the Oregon news
@s 1eassie's growth over Portland Is
h N sfsll more gratifying degree.
not eniy notable and enormous
q the c'earsnees IA shown In the
saed totals. but after detiuctins ALI.
eeianses Seattle 10 sslii ahead. and
~ extent of almost 70 per cent. Ia
we days this month have the total
ces 81 the. Portland hanks been
sser than the cf.EARANcES LESS
800 BALANCES 90 the Seattle banks
snrh the excess Was only - and &
-. Was, respectively. The following
saaws the truth OF this assertion;
Seattle