davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-03
No. go Hudson-st, March 30. 1880.
GOOD FOR THE SMALLER CITIES.

To the Editor of TIE Tribune.
Sir We would say that so far the new rules as to
country bank checks affect US only In that many OF
our CORES pondents seem to he shifting about In a
very active manner evidently seeking to find some
way in which they can meet the new rule and
suffer as little possible from II. Is not the new
rule II lived up to- TO be Of great benefit to the
Ia mixers in New York which can profit by shrink
age Of their deposits II must be well 10 he re-
lieved Of a part Of the surplus funds which have
been such burden on the market Banks over the
country likely TO keep considerable OF their
unused funds in Boston. Chicago. Cincinnati, 81.
Louis New Orleans and other reserve cities -
Will not the whole land he benefited by TINS DIS
tribution OF part of the large amounts winch
Network has had thrust upon II, and out Of whlch
II has made profits In spite Of the cost OF collect
irg which by the way. has not been In most cases
so large as they would have the country think
Let us be thankful for voluntary business ar
rsngement. made by New-Yo which sh ,s iheiP
snd in any degree check even In a small way me
present tendency 70 congestion; Let me goo1 W0fK
go . I lhh 'OuN MI
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-03
No. IS Astor Place. March 81, 1899.
UNJUST TO SMALLER MERCHANTS

UNJUST TO oMAI1I1T|TN .dII'V r1f3'1 10
To the Editor Of The Tribune
Sir: The new rule OF the Clearing House Is very
unjust one the great number OF smaller mer-
chants because Il will add al least 800 year 10
their already high expense account. .-,.
As hanks allow no interest on deposits they ought
~ least 10 bear this for their customers as
sh.y Ia We done in the pact. r. b. REINHARDT.
20 IN Frankfort-st.. March 81. ls9.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-03
HARD ON POOR TENANTS.

To the Editor of The Tribune.
Sir: The course you are pursuing is right; the
tax "a unjust and should he abolished soon as
possible. II affects our business, and 1t Is also
hard the poor tenants. who have sometimes
country checks checks which are compelled
to take from them in payment Of our rent. Some
times may have to charge the tax to them
HARRY LEVY.
No. lA Madison st. March 30 1890.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-03
TIE SHOE TRADE HURT.

To the Editor Of The Tribune
Sir: The charge out-of-town checks will injure
the shoe and finding trade OF NewYork city n
great deal. As matters stand to-day the people
in Philadelphia and Boston can purchase shoes
and findings In their own States cheaply In
his city and II there is charge on collections II
will certainly he inducrmcnt TO these cities
we therefore hope that tho Clearing House be
persuaded to change its adopted rule
ROSENWASSER BROS.
No sos Broadway. April !. 1893
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-03
CITY BANKS CAN AFFORD TO COLLECT

To The Editor OF The Tribune.
Sir: or course. II is too soon to know positively
how the new rule OF the Clearing House with
egard 10 a tax country checks will affect our
business. as II does not 20 into effect until April
g. but IT is safe 20 prophesy that 1t will not affect
us favoraby. While we do not anticipate thaf
we will lose any considerable number Of accounts
by reason Of II. 1t Will have the effect OF our cus
toners requesting New-York drafts In some cascs
when otherwise their checks would be used and I
anticipate that 1t viii be necessary for TO keen
more cash on hand. more checks Will be pre-
scented over the counter and cash demanded II this
rule Is not rescinded. In my opinion the loss Will
be TO the city merchants more than 10 the country
banks. as the merchants cannot with any degree
OF fairness refuse TO accept country checks as the
Of collection If only 10 on every 500 and
merchants Will bear this expense. ms they do now
the express charge, on out-of-town packages Coun-
try merchants cannot well keep their accounts
with city banks. for The reason that The majority
Of checka they deposit are local checks and they
would be compelled 10 pay the exchange charges
cannot imagine. as has been lntimated that this
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-03
SERIOUS 1NRoADs INTO PROFITS.

To the Editor Of The Tribune
Sir. The charges on country checks II held as
the Clearing House has mapped them out TO he,
will make serious irroads into profits and
will he a serious injury to us In business way
we have heard that it has been suggested by
some OF tho banks that the country dealer should
he made to pay these charges. and to us such an
idea seems To he unreasonable and impractical, for
Tho small country banks will not pay the bank
charges II there is any possible to avoid It. and
We feel positive that they will find some way Of
getting around H. ,,-,. 10
M "A HarrisOn-st.. April l. 1889.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-03
WILL DRIVE TRADE WEST.

To the Editor OF The Tribune
Sir: The new rule Of our Clearing House in regard
TO tax on out-of-town checks Is disastrous not only
10 my own business, but to almost every Eastern
manufacturer and jobber and a direct competitor
TO the Merchants Association OF our city. who
nave strived so earnestly to induce far Western
trade 10 this city This in the future will seek the
more central markets of our country, namely. Chi
cago. 81. Louis etc. to reduce the additional tax
on extreme Eastern markets. r.. a. CACTER.
No. l47 West Broadway March 30 1890
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-03
SUCH CHARGES VERY WRONG.

10 the Editor Of The Tribune
Sir: OF course regarding this new rule OF the
clearing House, there be but one opinion 1
consider 1t very wrong to make such charges In
my business ! frequently get checks OF 81 and g.
ana you can see how runous IT Is to have to pay
from ) 10 10 per cent for collections It does seem
Where the banks make money out OF the deposits
or thelr custorers the least return they can give
Is to make a depostor's collections free
- F. r. NIGLUTSCH.
No. $50 Broadway March 30 1899
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-03
BUSINESS INTERESTS HURT.
COMPLAINTS AGAINST THE NEW RULE
OF THE CLEARING HOUSE

ITS DAMAGING EFFECT IN MANY LINES SET
FORTH BY MERCHANTS. BANKERS. PUB
LISTERS AND OTHERS.
The sentiment Of the business world in regard
to the new rule of the Clearing House with re-
spect to putting tax on the collection Of coun-
try checks sent 10 New-York continues TO find
utterance IN letters to The Tribune. This morn
ing further nstament Of such letters Is
printed giving the views OF those who oppose the
action and pointing out the injury II Will DO as
we'll as Of those who think ii justihabie ana
necessary.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-03
SIMPLY AN OUTRAGE.

To the Editor Of The Tribune.
Sir The tax on country checks viii anec' our
business as It will all others. as we all do more OF
less business out Of town. and We think 1t simply
an outrage because VIC cannot collect 'nere
charges from our customers. and or course VIII
have to stand the bulk Of It ourselves. :. ,
We appreciate your efforts in our oehaIt' ann
trust that they may bring forth some good results
EASTERN ELECTRICAL SuPPLf.Co..
b. H. Ellis, Manager.
No. 40 Dey-st.. March 30 1899.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-03
MUST PUT THEIR DEPOSIT ELSEWHERE

To the Editor Of The Tribune.
Sir: This bank has been IN business penrly mr.
teen years and during all that time our New-York
correspondent has been OF the leading banks
OF the city. So far. relations with that bank
have been quite satisfactory. For q small country
bank our collections extensive and for our larg-
est customers we are obliged 10 collect without
10 them. We very much dislike TO charge cor
respondent, but IL the charges for collections to
take effect soon arc 10 be permanent We shall be
compelled 10 do so. We have already received cir
culars from banks of some OF the principal cities
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-03
OFFERS FROM NEw-JERsEY.

To the Editor OF The Tribune.
Sir: In our business We are receiving out-of-town
checks which we deposit daily. and the new rue
VIII make heavy tax on US. But already We
have had offer from New Jersey bank 10 take
our checks or b" nks In the village In which they
are located ara the surrounding villages without
expense II we Will open an account with them. We
think some arrangement can be made TO reduce
expenses which the new rule Will cause.
JELIIFFE. WRIGHT & co.
No. 2N Westinghouse. March 90 1899
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-03
WILL REFUSE COUNTRY CHECK:

To the Editor OF The Tribune.
Sir. With reference 10 the charge checks On
country banks would state that II simply
means we will not accept checks from Gus.
toners on out-of-town banks. and therefore VII
have 10 do business with New-York drafts
At the present moment have not been affected
one way or the other. but how II will be later on
do not know except that We have made ths
above rule. w. T.. PENTZ co
No. IL Broad-st.. March q. 1873
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-03

the country banks. Country banks cnhrse "o ~
on the principal cities. and only small tax on any
State checks. II the tax Is imposed by the Gear
use checks but currency instead. and country
banks will have to carry more currency. Again, u
will drive to the postoffice this KIND OF ouS''eh ne,
which should belong TO the country panhs "
leve il would drive the merchant and business man
to do this for their profits are small ana tneE pave
Cashier Bank Of Castlle' =.
CASTLE ~ Y March g. 1890
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-03
A NOTICE IN MASSACHUSETTS

To the Editor OF The Tribune.
Sir: The notice herewith came TO me on a bill
FRO n Springfield Mass. and regard It an injus
tice llIslAM NllSON'
The Clearing House Association OF New-York
CITY. which includes all tho banks. has adopted a
rule compelling banks to charge exchange on out
of-,own checks. For this reason We are obliged TO
require our customers remit in funds which
we can realize without expense"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-03
THE TRIBuNE's WORK APPRECIATED.

To the Editor OF The Tribune.
Sir: The new tax on country checks will incon-
venience us the same IT will all concerns doing
any business other than local II is difficult TO say
tust how much II will cost us these checks but
IL will be from 800 to SlJo per Rnnum. II The
Tribune Is able to do anything 10 have this matter
repealed we. with thousands Of other concerns I'm
New York city will greatly appreciate IT,
j. II. WILLIAMS q CO.
No. Richards-st.. Brooklyn, March 30 1890
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-03
FRICTION AND ACTUAL LOSS.

To the Editor OF The Tribune.
Sir We expect the country-check tax will aNect
us considerably. our small business is largely with
country buyers and anticipate continue.
tusse get New-Yo-k exchange BY constantly
raggng our customers we expect 70 get perhaps
half Of our bills paid In New-York exchange. but In
doing so we will doubtless make ourselves more or
less Unpopular. The other half we will proba bly, be
obliged TO stand the on lose trade
THE GEORGE +. TAYLOR COMPANY.
George F. Taylor. Manager
No 50 Pine-st.. March 20. lS9a.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-03
IN LINE WITH THE TRUSTS.

To the Editor OF The Tribune
Sir: Our people not particularly we'll pleased
with the effort shift part OF the legitimate ex-
penses OF banks TO the shoulders of depositors. We
find so far that the effort OF the Clearing House
Association is In direct line with that idea or bisi-
ness from which so many trusts are germinating
J. W. CALLAHAN,
Editor OF The Retail Grocers Advocate.
No. ~ Reade-st March 81 1899.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-03
NEW-YORKERS AT A DISADVANTAGE

To the Editor of The Tribune.
Sir: In my opinion. the effect Of the collection
charge on out-of-town checks will be to increase
the cost of exchange on New-York, and in the
ratio Of such advance out-of-town competitors will
have the advantage Of New-YOrk City brokers
For the same reason. the New-iork city MGR
chant will be at a disadvantage as compared with
merchants Of other centres In their dealings with
country customers WILLIAM kobe.
Cotton Exchange Building. March 30 1899.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-03
Sinking THEIR RESPONSIBILITY.

To the Editor OF The Tribune.
Sir: The new rule does not affect ms seriously. ms
We have diverted our New-York business In another
direction. which action presume, will he followed
by most OF the country banks. All banks like
business houses. compelled to do certain lines
of business without a great deal OF profit. This Is
the case with us in the collection OF checks and We
think the New-York banks are Sinking their share
OF the responsibility BlDDl.E HltES
Cashier City National Bank.
Salem y J. March ~ 1899
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-03
LIKELY TO FALL FLAT.

To the Editor OF The Tribune.
Sir II is. Of course little early for us TO judge
Just in what way the course of the New-York banks
will affect our business. 1t would appear that.
owing the fact that the banks in the larger
cities can still make their outside items through
Boston and Philadelphia the above action Is likely
to fall fiat THE WERNER COMPANY.
Arthur Tower Secretary.
Akron. Ohio March 90 1899.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-03
A MOVE TO BE DEPLORED.

To the Editor OF The Tribune.
Sir: The tax on country checks will hurt our
business in some degree though not seriously Gen
orally speaking express our opinion that every
in any direction to burden the transactions OF
the business community is TO be deplored
J. CLEARWATER,
Editor Of The German Insurance Journal"
Brooklyn March &c. 1899.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-03
CUSTOMERS SHOULD CARRY LARGE BAL
ANCES

To the Editor OF The Tribune.
Sir: believe the tax on checks 10 be very un-
wise and oppressive. and If enforced 1t will result
IN driving a great deal Of trade from this city
The profits on my goods very small. | re-
ceive quite number Of checks from 81 to $.
cannot afford pay the 10 cents for collecting
these checks. and If I charge 1t TO customer he
will buy his goods in another city.
realize that the banks not In business from
ph.lanthropic motives any more than | am. but l
feel that they have right to place unjust and
oppressive burdens upon their customers simply
because they have the power.
/ carry a balance in my bank OF several thou
sand dollars simply compensate II for handing
my account. and l believe II is well paid for doing
Il. as It has the use Of this money for loans, etc
This money is worth per cent TO me- and II the
bank insists upon this tax on checks shall GER
tainy withdraw IL.
think the proper way Is for the banks 70 make
q rule that a customer should carry balance in
his bank in proportion to his account. and that
balance should he large enough 70 compensate the
bank for handling his account. Those parties who
DO not carry balances in their banks should pay
tax for collecting their checks. do not thlnk
that any one would complain against such rule
for no expect 70 get service for nothing
neither does any one want 10 pay an excessive
price. A. a WEEhS.
No II Gold-st, March 81. 1899.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-03
WILL COST MORE THAN IT WILL SAVE.

To the Editor OF The Tribune.
Sir: In opinion the tax on country checks
under the new rule OF the Ncw-York Clearing House
will affect our business unfavorably. We think the
tax excessive. and that the rule will cost the
New-York banks more than they will save by it,
and that IL will also injure many manufacturers
and merchants Of your city by dvertng business
to other places
We have been collecting checks for our customers
without charge. and shall do all car continue
10 do so, II have 10 discontinue our New
York account CHARLES D. THURBER.
Cashier Manufacturers National Bank.
Mechanicsvile. y. Y. March 81. 1899.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-03
Ma WONDER TRADE WILL co ELSEWHERE

To the Editor OF The Tribune
Sir The new rule OF the Clearing House affects
our business materially for this reason. that our
Western friends for so many years have been ac-
cuStomed TO sending us their checks for CON
venierces sake. thereby saving time in not having
TO go TO bank 10 get draft Some Of our
patrons have even gone far to state that they
will purchase their goods such as we manufactures
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-03
THE BANKS HAVE ALL THE ADVANTAGE

To the Editor Q: The Tr Sune
Sir: The rev rule ~ the Clearing House Is eS-
tort,onate. abominatle ami perncious. We keep
good balances in banks directly associated With
the Clearing House frequently for months AZ
time against which make no draft. ana on
which funds these banks make good rate ~ IN
terest whit get nothing. and the COLLECTION
Fem" Is ovcrshadowed by the benefit which slcn
bsnks reap from our account II = a poor rus
which does not work both ways.
J. LLCHrENB SONS.
No l-6 Water-st., March 30 1899.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-03
sodus. y. Y. March 81. 1924
WILL DIVIDE THE NETWORK BUSINESS.

WIIL DIVIDE TIE NAV VHh HIoINI+o9
To the Editor OF The Tribune.
Sir: The recent action Of the New-York Clearing
House simply forces TO drop all New York
CORE spondents but one and transfer our business
TO Philadelphia. !; would seem to US that IT must
force other banks 10 do the same. II So the result
is very plain. IT viii divide the business now done
In New-York City with Philadelphia and other out
side cities r. u. PHILLIPS
Cashier Chautauqua County Trust Company.
jamestown. y. y, March g. 1899
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-03
A TROUBLESOME RESTRICTION on BUSINESS

TO the Editor 81 The Tribune.
sir The new rule OF the Clearing House in rssafa
TO the tax on country checks has not had time :"
affect our business yet. but We believe the rus
n enforced will have a tendency 10 restrict ou''
ness and II is not In accordance with the nossS
business spirit OF the times IL - step bschMass
instead Of forward and really makes no dn.rs ,,ss
TO the banks, as II would be better Tor eoh""''
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-03
A GREAT INJUSTICE.

To the Editor Of The Tribune.
Sir: Although nv trade IL almost exclusively IN
the CITY great Injustice would be done 70 all the
merchants should the banks enforce this rule
~ B. ROSENPLCTH.
No $50 Water-st, March 81. 1899
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-03
THE LOSS FALLS on HIM.

TO the Editor o. The Tribune.
Sir: This Clearing House matter wll afec' my
business 4. great deal Ny business is all over inc
United States. and n my out-of-town people ony
j. H. ENiFS
80 i22 Worth-st. March 81 1922
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-03
Salem. y J.. March 81. 1899.
OTHER CITIES WILL GET BUSINESS.

OTHER CITIES WILL GET BUSINESS
To the Editor OF The Tribune.
Sir: The recent action OF the NewYork Clearing
House Association making IT obligatory on its mem
hers 10 charge on out-of-town checks practically
prohibits the clearing OF such items through New
York city correspondents This action will OF
necessity induce the opening OF many new accounts
with banks In Philadelphia. Boston. Buffalo Chi
cago and Othef cities. 4 r. FRENCH.
Cashier National State Bank.
Oneida. y. Y. March 81 1899.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-03

very many Of our customers send checks on their N
home banks. and should refuse same they
would doubt take their trade elsewhere nehcs,
cities like Chicago St Louis etc, where rue
like this is not In force would thereby be penen'eu
to the great detrimen. OF New-York.
WACHUSETT SHIRT COMPANY
J. H. Marley, Secretary.
No. 576 Broadway March 81. 1889
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-03
TT WILL BE A DISADVANTAGE.

To the Editor OF The Tribune.
Sir: We can hardly tell how the new rule Of the
Clearing House with regard to tax on country
checks will affect our business until the new rule
80 heer I'm force for a short time. but one thing
we are sure Of it will be to our disadvantage, but
~ What extent we shall have 10 wait 10 see.
u WIG" CLARENCE SHOOK.
Cashier First National Bank.
pad Hook Y l. March g. 1892
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-03
A1,RAHY GETS THEIR ACCOUNT.

To the EDITOR o: The Tribune
Sir: Owing 10 the action OF the New-York Clear
ing House I'm regard collection OF checks. have
been Obliged TO open reserve account for bar
with the New-Yoik state National Bank Of Albany.
r. p GRANT.
Cashier National Exchange Bank
CLAYTON y Y. March 49, 1892
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-03
WILL. 60 TO SOME OTHER CITY.

To the Editor OF The Tribune.
Sir: The new rule OF the Clearing House makes
our New-York account unprohtable and We shall
carry our balance in some reserve city Where rates
are more favorable TO US. JAMES l.. CLARK.
Cashier Sidney National Bank
Sidney. y. Y, March &c. 1899.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-03
DETRIMENTAL TO NETWORK IN THE END.

To the Editor OF The Tribune
Sir: Tho Clearing House rule taxing country
checks IL very injurious to our BUSINESS. We shall
make arrangements with other banks. say in Phila-
delphla and Chicago. / feel quite sure IL viii be
detrimental TO the New York banks In the end
JOHN A. GALE.
President Second National Bank
Uoverhll Mass March 81 1899
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-03
A MOST UNJUST MEASURE.

To the Editor The Tribune.
Sir Nv opinion on the new Clearing House tax
is that IT is most unjust measure. and should the
banks enforce rhe rule we will insist that all our
ou,-of-tovn customers send US Nev-York drafts
mr. postoffice orders. SIMON MERKER
No 40 Maiden Lane. March 3D. 1899.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-03

Of tho country Offering us liberal terms both az
10 collections and interest on our daily balances
OF deposits. We think the new rule VIII result IN
withdrsw wing from New-York a large amount OF de-
posits well as collections. ,,n.
GEORGE W. PHILLIPS
President Homer National Bank
Homer y Y. March g. 1892
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-03
LET BANKS PAY INTEREST on BALANCES

To Inc EdltOr OF Tic ITIUuHV'
Sir: We shall be quite willing to pay The tax on
our checks provised banks pay US interest on
our balances OF account which we carry with tneT
Upon this point shall certainly insist othetmiss
we shall pay all our accounts with Chicago cheeks
and transfer our main accounts 10 chicago
banks. +. IENNnSoN NEEbi'
No IA Fifth-ave.. March 80. 1899
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-03
coMMENDs THE TRIBUNE's PROGRESSIVE
POLICY.

To the Editor Of The Tribune.
Sir: The new rule OF the Clearing House must
arect not only ours but any kind NJ business very
badly. The gain OF the banks on account OF 'r,s
rule ia so ,riAne and the disturbance OF the busi
ness SO material that II is surprise TO US that the
Clearing House could ever have accepted SUCH
r,,le We congratulate you upon your progressive
policy in that regard. which should nave Inc sup
mort of every business man. -
w. KUTNOW BROTHERS. LIMITED,
Hermann Kutnow, Manager
M Is Aston Place March 81. 1893
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-03
AN ARBITRARY MEASURE.

To the Editor OF The Tribune.
Sir: In relation TO tax country checks. ] will
say that we think 1t very arbitrary measure and
calculated to drive business OF all kinds way from
NewYork City. CHARLES r RASSErT
~ President Delaware Loan and Trust Co
walton, y. Y. March go 1899