The sun., 1902-06-07
CENTRAL BANK FINED 5000.
H0f W .0r sFTrR Sr
,,g ,IOI tTI>6 SHFrk M ~.
,,r., ,h,rss sf the .ina >,nss the shssss
t,t out-af.rs~n siiectiens We.
t,tabll.h~d Three ,ssrs Ase- -Hsnk
,u,,s. .IunIaf Orncrr and sabmits.

Il IuamT, Jun'"f "merf an" s"""'s'
-.,..t,rnI National Bank. % Witch the
,.. liam / strong wAs President. VA.
-, ..,,,-t-rday by tho 'l"ar,ns House
,....,.sr fur violation % this associa-
e.. .,.... .ehlrh prohibits snv hank In the
....,.r from acr-pting a check on an
&c.. .r.sn bank without charging for
,...u.u
I'll. ,.s Vas adopted In March. isse
-..I.,A.r~ then Decided that they w.r.
.., ID. -g,'h"r too much work IA the
.....,. .f collections out Of town without
-.....-,t,uu Tho Central National u the
,,.,t.rA tu D." called upon to paw th" fine.
r.. r.. -Irg of a fine ~ tS,co II man
..,. tr,i,r lie rule. No provision II
......,.r q greater or lesser penalty For
...,.i afouc. bank may b" expelled
f,,sr ,,. t1.aTtug House Association Tho
,,.. rr.,idr~ that a charge of one-teuth.
-. .,,.g4after of one per cent. Of tho
.,..rYr' IT the ch"ck bs imIrs.'d. That
,.....f u winch tho Central National hank
49, rtarscd specifically with violating -
"a ro.e,'ing hank shall directly or indi'
...t ...uN any abatement. t"hai" ot return
s,.f. whether ~ interest on balances or
Sf.,fa.-c. any compensation th"r"'or
m ,narl,r a. preferred NV the tfHring
II =. committees At a sIp,ciai meeting
,,., ,--,.lauun Of tho hftv-uinc banks
. t.. ,-.,ria'iou, fftv-'hr'" w"r" repre-
,..,.ta''tc mr.'lug IN" Vo'" approving
o.. r.,..., .i th.. committee nLd IN favor
.. .r.i..frs 'lH 'u" Wa~ unaritunus
s...'in - ling y 10" report and he'ore
&C.. 90, Ne rtN,u President Edwin Lang
. g,. .Iuc,~,-d NaN nr Stroug ~ Pr-si-
..., g t7o ,nu'ra National, mad" state
..t.r trftN i' ~ili
D.. Un..r,-- ,H- done IN perfectly open
..... ... "a oi'' ou' any u'sn'" ~ concrnl-
...t I#I- V" r"U"N". vii 'onNnC" YOU
.r,., ,.uh acted 90 "utir" good inth Ia ~
..,.,-.r.'ou of tle rule tpou h'ine ap-
,-...t hv t'' 'l"trins Hon-" : on mittsr
,.r '.. 'r.r,rrti"u, were IN violation OF
,... p. % 49,. bats - once di-'outinG"d VI"
r. a,,. decflv appreciated the pains
.. 81. i...' iu al u, a-p-r- ~ ID" Clearing
ilo..r COMMITTEE" After du" consideration
%. ,'. .o,..- ,,.. We deslre 20 express oar
., 49,, ..v s,, Of ~" bank ,hould b"
90. .Y. rf ~ 'u-t criticism. aud. rrpr-,"rt-
r... u.U.. : ava herr 10 submit gracefully
~ .. : .-,r. l'v ~ YOU may 80 ~ 20 impose.
. .tr.a-'.rg 'ht' tho loyalty of the bank
....' ,r. the ao."uc" 81 any improper
.... .. .. o.. prrssnt may warrant YOU ia
? l.rl"ui view IN the present case.
Il...,, ~" rl...,ing the directors of the
o"srIrc blnh had talked over the charge.
f..vtgu-d that IN" action Of the leafins
ill.," committee vas Just, IN" "i hes
directors PLACED the blame on one ~ the
l.r..r ~ r-rS. who erred In n too liberal
'.,.-o-cta'ion ~ the rules
r'a C"n'ral's violation consisied of
-, tag ou'- '-,f-town checks a. par IN ac-
count. Whi'h the hank kept In other cities
'pgr violation wa- only technical sad
President Lar cdun Yesterday afternoon.
"" I'D nov collect on any out-of-ioNn
.r,.Ss ourselves II was this way
,u.'ome- has AN account In this hank and
on" Ia The Orang" National Bank of orang",
J He s.,nt u,-of-towu checks Ia IA"
orange hank and upon uo'ih alton from
that hank We gave 'he customer iull credit
hara for the chcCks deposited there. The
phoe cost ard trouble Of collection Vas
undarta aiken bv the Orang. bank and We
had nothing 20 do with II However, the
fine has h--u paid and everything is
agreeable