davidaulloa/AmericanStories huggingface dataset:
Connecticut western news., 1899-02-02

BULMAN-PANE-AtL Lime Rock. Feb l, by Rev H. Tarrsnt, MT Lemuel Bulman and Mrs Alm4 Paine, both of Lime Rock.
Connecticut western news., 1899-02-02
What ss the Chirsr~n Dri.k.

Cornwall, Conn.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-03-31
WILL GO TO OTHER CENTRES

To the Editor Of The Tribune.
Sir: The new rule OF the Clearing House I'M
posing onerous collection charges on Interior points
would strike us a hard blow were we unable TO
dodge The tax upon earnings would be IN eX-
cess OF those already chcerfuy borne In support OF
National and local governments. amounting 10
81 so or yearly.
II we should charge this expense 10 our Gus
toners largely manufacturers. they would rebel
and transfer their accounts-not to Ncw-York CITY
where they would have to pay the same charges
but 10 the banks IN adjoining cities. which are al
ready Offering TO take UP the burden which your
city banks seek to throw of. In either case we
should suffer great loss. our remedy would lie In
opening reserve accounts more points
from which favorable Offers have been made divd-
Ing Ncw-York account with them. We are not
In sympathy with the abuse which Is heaped upon
the Clearing House Committee upon the banks
They seek only to protect TN institutions which
they represent hut We think they have erred in
making the excessive to the extent OF 20 to 70
per cent II cannot be that they carefully com
puted the enormous revenue which their rate will
raise WILLIAM n. NEWTON
Cashier First National Bank.
WsllinEford, Conn. March 20 1899.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-03-31
A LOSS. WITH NO RELIEF.

To the Editor Of TIL, Tribune
Sir. The Clearing House charge Is direct TAX
on nv business and may mean the loss OF con-
siderable percentage Of profit on large hummer ="
orders received by | can best show It's e"'Vt
- mo ~, m illustration | am under contract
with tho United States to furnish supplies 10
practically every free-delivery postofhce IN 'he
United states Most Of the orders come from corh
try towns and villages, and are paid Tor pY '"c
postmas,ers generally by their checks. charEe %
10 cents on each Of those checks very materi",''
reduces tho profit on those small ORDERS M" VI -
aprrerate means A large Of money! loss
uhcb ,ve could not anticinate and for which tnerc
" now, No relief II is the same in other branches
of my business -, ,or. from, large
cities is not so great the orders are ior IaoV''
quantities and the checks corresponIllGN ,,,fp
No 1872 FutOn-st.. March 81. ivy"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-03-31
East Orange, - j.. March p, l@9
THE PRESENT METHOD wAsTEFUL

To the Editor OF The Tribune.
Sir. So far as our bank Is concerned we expect
10 collect all checks which would be subject 20 the
charge in some other course than through our
New York correspondents We can do this either
through correspondents in Boston. Philadelphia
and other large centres or by sending direct to
tho banks on which checks are drawn.
We shall therefore keep more Of our balances
with correspondents who afford more liberal
treatment and less with New-York banks. AZ 10
our deposltors this bank will afford 10 them very
rcasona bic facility 10 avoid the proposed puruen
and expense furnishing to them New'l ork eX-
change at rates based on the value OF their ac-
counts This seems the weak point in the new
rule in New York. In that there appears 10 ne no
discrimination between accounts TOR when the
banks could well afford to collect without charge
and those which are only an expense TO the bank
checks is I'm many cases clumsy. slow and waste
full As illustrations. have before me two checks
drawn on this bank. one sent TO a firm in
New-York and sent by the Ncw-York bank TO
Boston, from there 10 Hartford. from there 10
Wat hurry and from there to this bank
TT other WAS sent n firm In Providence from
there to Postor from there to New YORK, from
there to Bridgeport, from there 10 New haven
from there to Waterbury and from there TO MS
bank " .,, 90 .
were paid here March =, taking nine days for col
lection. -,
Country collections might he vastly improved by
some system OF State clearing houses and Ii Is my
and Intelligent effort to improve their own methods
before attempting 10 shift the entire expense or
the present wasteful system, or rather lack OF
SYSTEM on the public az large without dscrimina-
ton. ohAS II. I'll;
Nice-presdent First National Bank.
Add
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-03-31
JoycsBOREuEy NAY STRIKE on LAKES.

Cleveland. Ohio March So.-At oon'ele".s =,
longshoremen here at which all ore-reeel'"'s
were represented. IT has been decided " 80
that tho ore unloaders' scale oe ADVANCE 40,
Cleveland ore handlers received 10 cents as - A
while the rate AZ other ports was cents ~
said the vessel men are not inclined 10 gram =.
advance. and a strike may take place as soU and
navigation opens. This would affect many '''"
a large number OF lake vessels IRA
Subsequently to-day Joint convenuo" u hid
shovelers lumber and coal handlers "@ go.
I-nan,rous action was agreed by ne r wtsr
branches OF the organization. Inc .uhership
Carriers National organization mas ~ 1.-THE the ore
Handlers organization exceeds SoV" ana '"'
handlers number 7Oo0 men: - r,,arnatlond
Union said to-day: The I;onsshoremseh Three IA
stronger than II has ever been before leaders
,Innaf unions the ore Coal and Lunpe, n,anS 10.
are affiliated under one head A vessel meu :.
Grant them a slight advance In Nascs',,
would involve about $4,000 longshorei'e"'
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-03-31
PEDTCTNG NERCHANTS' PROfIlN'

TWEEN rY-SIX PER CENT on SMALL TRADE
To the Editor OF Tho Tribune.
Sir: The tax on country checks does not ahe'.
nv business much but ! consider TINS ne" Iu'e "
the Clearing House quite arbitrary
r,er, business man Of our time has 10 make close
calculations use double efforts and strain to cut
down al expenses in order TO keep Level Win me
present competition. This permits but very sma'
profts Trade as rule Is not buying IN large
al antilles and consequently il Is fact that ceC"N
are COR small amounts only. SO II happens m''
otto, e. takes five checks to sum up 500 Collec-
ZION expenses in consequence of this new rule equal
on such checks onehalf Of FER cent and Tor aver
age time OF a week This figured up per a nnuin
means not less than 26 per cent, when enoih"I'
percentage IS Of course. out OF al pr0portons h,,
II seems only natural that our banks shouiI nav
more consideration for their patrons a. ntalt
ilv cooperate and protect them ior inntua,
fits E'i'i' '
New-York March 80 1899
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-03-31

have always maintained that collection a..
n country bank to n customer where The vet ~ ~
which such charge Is made actually costs I'm upon
to collect is entirely Just. 'he bank
I have found, In over thirty years exper,er.
the value OF the account Of the average ci,ne that
country bank Is easily compensated for hy ~ OF
pense Of clerks salaries stationery etc u'e ex.
the proposition TO collect his foreign checkso nat
out charge Is equivalent TO giving him a With.
for keeping his account or something In ! emium
spirit that prompted the chrome business wS,ass
was so prevalent few years ago. winch
| do not think the rule will materially ana.
business 10 any disadvantage. as we have re- our
customed to make reasona bic charge FOR oei, ac-
Ing Items which cost u.s. and should saw " .ecs'
tce to our patrons that they have almost J1s.
exception met these charges In snlrI, , .lout
seemed TO Indicate that they fully Appreciated IN
fairness Of our position. 'as
Many country banks will find II necessary ~ 49,.
additional accounts In other cities than New WEE
in order 10 acquire favorable facilities FOR
collections which will make n little more booLLa's
ing for those banks and result in loss in the :.
of deposits 10 New-York. hut gain to other "ay
trail cities ike Boston Phi adepha and ChIcaSee
STEPHEN &. MEDBERYe"
Cashier First National RAM
Ralston Spa. y. Y. March %. 1899. A
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-03-31
WILL REACT on NETWORK BANK:


To the Editor Of The Tribune.
Sir The effect of the rules and regulations
OF the NewYork Clearing House Association would
to concern your city almost alone. The New
York banks powerful they are. cannot dictate
terms to any other section The country banks
offered every facility elsewhere for the cOlec
ton of Items payable at all points which
charges are 10 he levied under these rules
The injury from the regulations will he ap-
parently 20 the New-York City business COM
munity. and reactionary upon the Clearing House
banks themselves Country merchants say that
they will not pay this tax when New-York OK
change in payment of bills il demanded: her
points Of distribution Of the lines OF goods
will be sought out and found by buyers. d.verting
trade from your city. Very many country banks
win keep the whole part Of their reserve here
tofore on deposit In New-York i'm other reserve
cities. thereby increasing the deposits OF the banks
in such cities and their ability to accommodate
every legitimate borrowing demand. even in panic
times
Just word 10 loss claimed in the collection
OF country CHECKS: speaking from experience and
examining closely the monthly statements Of our
New-lork correspondent. II is observed that all
checks sent MS are charged against balance the
very day that they are mailed in New-York. Sup
posing this custom to be general whore then Is
the loss no matter how long II takes such Items to
reach Their destination HAYSEED BANKER.
Freehold, y. J.. March %. 1899.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-03-31
MONEY WILL GO ELSEWHERE.

To tho Editor Of The Tribune
sir. As 10 the effect Of the action OF 'He ~"
Work hanks on Southern and Western items peg
70 saw that II Is sure, for time at least 10 ""N7
us considerable trouble. as well as our depostors'
7 approve the principle upon which the action l.
hosed since believe that each bank shouifh honoi
IFS own customers checks at par. ana the ioSI0a'
result OF charging exchange upon such checKs ~
now seen in this effort TO place the expense "h'ie
II belongs-Ipon the local bank and KS deposI'o'
The banks have through unwise compeutlon as
suned many burdens which do not belong to them
If value OF the deposit is not sufficient to the oanK
to cover any reasonable expense incurred IN honor
ing checks drawn against II at par the pahk shouu
have no for the account
Al the same time | recognize that what is a rlgnt
method is not what is followed, and undouDtedy
much OF the money which usually has gone 10 new
York will 20 to other financial centres. nave rnucn
faith in the principle of district cearings. OF SIM
liar plan to that under consideration ny the
BOSTON banks and believe that some form or sucn
a plan will be the outcome of all this agitation ana
disturbance in present conditions
Nav | suggest that Ii We o. New England are
TO be charged upon items upon the rest OF the
country II may result in our charging similar rates
upon items drawn upon Us by them through the
New-Tork banks. II seems to mo such an outcome
is not impossible at no distant day.
II. q. TOWNEND.
Cashier Fitchburg National Bank.
ftrhb
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-03-31

Dear Sir: Referring TO circular received from our
hank the Market and Fulton National. concerning
collections outside the city OF New-Nork and certain
rules and regulations concerning the same, would
saw /, occurs 10 ne there ought to be provisio n
made for exceptions in certain cases. otherwise
the rule : liable to work considerable hardship.
Take in the case OF The Journal" for instance.
Our subscription being s. a year. We have a very
large number of checks come in for s.. which at
The Clearing House rate 81 collection would he
equal 20 > per cent.
0ur advertising bills are small. paid In quarterly
settlements as "A rule: the average amount will
nrobahv not be over so. Ten cents on checks Of
his kind would be per cent. on the total a. our
business We estimate that according 10 the new
Gearing House checks orr collections would cost
US about per cent.
We submit 70 You that no business can afford
e,cb tax on it's collections. With these facts in
mind do YOU not think that in cases Of this kind
some special action should be taken looking toward
relief? Yours truly.
"NEw-YO LT'MRER TRADE JOURNAL"
BY J. D. Crary Editor
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-03-31
WHAT DO THE DEPosIToRs GET?

To the Editor Of The Tribune.
Sir believe the effect Of the rule Of the
Clearing House upon my business will be the loss Of
the amount Of the tax levied 10y the banks. Values
cannot he readiusted at once 10 meet new condi-
tions Of this character and measure 81 this kind
Is bound u lead TO controversies between buyer
and seller as the question arises Who is TO pay
the tax disguised under the term OF collection fee?
Prices at which goods are sold here supposed
10 be in New-York funds. but checks on out-of-
town banks have always been accepted without
charges for collection qualifying stipulation Of
this kind has heretofore entered into ordinary
business contracts
goods than the prices at which they were sold, nor
Is the buyer any more inclined 10 pay more man
lead 70 unpleasant controversies. with the possible
loss of trade. II not the Withdrawing of business
take any possible advantage opened up in this way
for them. ! have IS yet seen no good reason az al
is so ali-importart now when the volume of busi-
ness IL steadily Increasing why was II not before!
business. the banks give every indication OF being
in a very prosperous condition and able TO pay
good dividends to stockholders. The banks claim
That they have always had the right TO charge FOR
collecting and that we have come 10 look upon a
concession as a right This Is no doubt true 10
certain extent hut II the banks could not have
done a paying business without making TINS cnaIge
they never would have discontihnued H. Gnuo'
their ability. however 10 prove tle cos OF coieCI
ing 10 be a fractional part Of the rates they now
propose 70 exact vast ta P 0I cbec S ~
be handled for less than 10 cents in many cases the
tax will not be lloth per cent bur 10 per cent .,
mated any such war tax on checks lnstead OF NE
cents now charged the nue. ano cry fboIn ,ne
but above the din feel warranted in believing
would have been heard the clarion cry OF me
banks Another important point appears 70 me 70
he our average daily balance the banks hold
What Of this? They have the use Of our P0ney
but what do get for Il? DAVID SPERO.
No broadway. March
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-03-31
WILL, CRIPPLE COUNTRY BANKS.

To the Editor of The Tribune.
Sir: The rule compels us TO find agents 10 co"ec'
country checks who will not make any ch"rse'
Small vessels with small sails must eaten every
huff of wind to make Roadway. ana so couI''l!
banks With comparatively small depos's VIII w
compelled for selfprotection. to a'ail themselves
-, ,.o-,, onnortunitv for making collections FOR
fhcIr customers where there Is no cost at'dc"eu
10 II. - T., ,iossiaoe all
grades OF customers under one head Inc p"o'-
having customer Is put ia exactly the same nst -
H. GOOD -pa wing one. This is maniiesty unfair
and ne result is inevitable. Banks ana merchants
and individuals will reduce or withdraw thelr Nv"
York balances which In the end Will ,Wotk -
greater loss to New-York banks than If they htI
not made such change In their fne'no ih d Ea
ground which the Ncw-York banks mght nave
chosen had they so desired. W, ~ bh ST.
Cashier East orange Natonal Balm
To-, Orange March % 1899
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-03-31
COUNTRY CHECKS A NUISANCE.

To the Editor OF The Tribune.
Sir The rule adopted by the New-York Clear
ing House In regard to charging for the collection
of country checks thus far has not had any mate
rial effect on our business The rule Is good
one and will no doubt be adopted by other clear
ing house associations to protect banks from the
country check nuisance.
A large percentage Of checks issued by depositors
in country banks not good on the date OF their
issue and sending broadcast these Items IL nothing
less than a scheme adopted 10 borrow
money from banks without paying interest.
II Is frequently the that country bankers
encourage their clients who have good balances. TO
issue checks. that they may charge exchange when
the checks arrive at their destination. BY this
method the country bank also derives a benefit
from the OF the money during the process OF
collecting
In many towns banks have combined and adopted
rules charging exchange on all checks. so that
the collecting bank is Obliged to sustain loss en-
the item II collection IL undertaken without charge
NIAGARA BANK OF BUHr.A -.
John A Kennedy. Second Vice President
Buffalo -. Y. March %. 1879
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-03-31
SHOULD PAY IN NETWORK FUNDS

To the Editor Of The Tribune
Sir: Merchandise purchased Of New-York mer-
chants should be paid New-YOrk in par funds.
Very many houses doing business at distant points
have banking accommodations here. others obtain
exchange from their local banks and. at certain
seasons when cotton. grain and other commodi-
ties arc shipped. receive "a handsome premium for
furnis hing currency against exchange which over
balances what they may have To pay al other
times go. -,
Previous 70 the civil War paying bills with
checks on country banks was unknown here. ana
some of the large banks have never accepted them
al par hut gradually the banks have opened the
door and received them on deposit at par. which
they now find 10 he a serious burden. and regret
their former action.
Under the circumstances MERCHANTS Will have 10
furnish exchange or add the rate to their payments.
otherwise an addition will have to he made TO the
price Of the merchandise al purchase.
\ READER OF THE TRIBUNE
Nnr March % lkg4
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-03-31
Beverly. Mass, March %, 1879
pr-srNEsS WILL BE DlNrhl Ed

To the Editor OF The Tribune .,, hro,,b
sir The proposed tax on checks coneo.eu IT, ,h,s
New-York will not seriously ane0, D" po.,or
s,,htoc, ~ collections is knotiy and serious
ono I'M, # will be difficult for any one CITY, even
tho coming money-centre OF the world Ne" ~
~ solve # single-handed and alone ,,,,,, s,rongl,
u 49, i,st outside New York are biddlng sudonsIi
2 hnss from that city and banks in dlilcrenr
nort2 of the country eagerly reachlnR oh' Iii
their share of the collection business VIM" wa
naturally be diverted from New ORR ,,,,eo mas
The action OF the New York CIear.ng droIon by
roanhod however after careful considerato!n ~ ~
Ieadine Anancers and the outcome VII pe Wats"e'
with great interest. w ILL. i Ea ,ional Rank
Lowell Mass, March %, 1893
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-03-31
WY, HELP THE PoPrLIsT AG1TAToRs.

IT. ,no Editor of The Tribune.
CT. Tho Clearing House tax on country cnev"
a.. ao,,al ~ n tax Of from to per cent on our W.
osi,s 7, is the most stupid. hogglsh' se"Se'eS
n-onos,,ion that ever emanated from inc he"u'
,n,su,9cn, men LITTLE more Of TINS anu
,Ior,or against National and private '"''Ns
go ~ Government ownership VIII o' ,ho' o"S
.as,,eod The bank receives our deposits, mas a.,
80 ,,r,o from S3ooo to $4,000 or S''o'o o,
.or,ors. money. without which II 'ou'' I'''
-. aoors omen and do business and then mas NV
- horLinc sense TO charge customers """' "
- ~ the legal rate 81 interest In our cas- Wv
-. suhscription TO our magazine pehe ., o
49, are largely Of that denomination ana Vo.
,1,. tho hank charge IS over . per cehI IN on
year subscriptions and on nan in,aietin
al I.iocs or subscriptions 10 ne ""'N'"
s,h,.ph ie 81 II Is a OF 10 per C'nt., Tor the
"niClis ,aI,sfs who are organizing uus'S are
'.oaorcnoly advantage TO force w P,ho' r,,h-
ineiS 90 nttai,ss In general odious VIII U unnnse
ma L. decison Of the Ncw-lo NIea 'SSo,tonal
oic,iated 10 make private "a a,u Green
Is CSlo 10, aIl,, odiOus The free slNeIIv could
panihSs I'D Government bank auIo .hair ca,Ise
ro,binc that would contrlnu'e ~ ;neanitv
nav 80 much as this piece 81 p4hht,ls ana n
49, is NO justification for IN uSnod banking
c,oiation Of all the principles OF Eli contribue
~ a s,raet Is now odious. ana ths W. ~ Popu-
Val 10 lis unpopuarty than ven 'G1,TTON
lis, a az, sdgarS co? March %. 1900.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-03-31
ItSTIItf ITNT .NdTTOIdI Ban
Binehamton. y. Y March %. 1880.
SITUATION " THE STEEL TRADE.
NATIONAL STEEL COMPANY WILL MANUFACTURE
AND SELL AS THE SEPARATE COMPANIES DID.

NATIONAL STEEL COMPANY WILL MANUFACTURE
AND SELL AS THE SEPARATE COMPANIES DID.
Cleveland. Ohio March 3O.-In connection With
the scarcity OF steel The Iron Trade Review
says
The future Of the billet and sheet bar trade ~ tho
Central West has been a matter OF interest since
The formation Of the National Steel Company The
close relation between this company and the Amer-
can Tin Plate Company appeared on an inspection
of the directorate Of each; yet the American Tin
Plate Company's consumption OF sheet bars, even
though II should buy all from the National Steel
ComDany would be only about one-fOurth ~ the
latter's output Of steel Contracts for term o.
wears by which a part Of the Tin Plate Companys
42 0OO 10 $4,000 will come from other sources
arc matter of common understanding IN the trade
II is plain therefore. that the National steel
Company is TO manufacture and sell steel IN the
general marke. In the same way that the business
vas conducted by the constituent companies Il
4 understood that the policy of the company as u
viii be developed under the well-known steel manu-:
facturers who are active In its management, viii
involve no change In the operations OF the con-
sti,uent companies nor Will II change their rela-
tione with the customers who have depended upon
Them heretofore for ma 'eria
II is the evident purpose Of the new company 70
nreserve the old regime in its relation n the buying
trade
The Review" says il is understood that some
obstacle in connection with the financing OF the
rolling mill combine has been encountered but thai
definite action Is looked for shortly.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-03-31
THERE ARE DIFFERENT KINDS OF BANKS.

To the Editor Of The Tribune.
Sir: The charge for collecting country cnechS
would he an additional burden to our BUSINESS
which extends to all quarters of the Union
votur,l Inv. will however adjust the matter
Same hanks may prefer loss OF patronage rather
than longer 10 collect such checks gratis; hut there
will be other banks Of different mind. The com
mercial community is not dependent on certain
bank nor set Of banks. They are creatures OF the
business community and not its creators
Banks. like persons. are Of various cha'ao'e'
c.. - ca ,roudl,, rich rs TO reject deposits not
I'm large sums while to others deposit or ~ c'l,s
is acceptable The proudly rich ones may no nUl
Iosiro nc natronacc OF the commercial community
hut there viii always he others. humble ana saie'
IN whom II will no quite aCcepta Die: = 30
" "" + Il. HENRY co.
No IS Reaver-st March 20. 1899