davidaulloa/AmericanStories huggingface dataset:
Pine Bluff daily graphic., 1913-07-15
The Skin and Not the Blood

Until recently it has been a gen erally accepted theory that eczema was a disease of the blood. Scien- tific investigations have taught us that eczema is positively skin dis ease and curable through the skin alone. Meritol Eczema Remedy is applied directly to the diseased skin, the effect is marvellous and it's results permanent. Do not delay trying Meretol Eczema Remedy. w. l.. De- woody Co.
Pine Bluff daily graphic., 1913-07-15
Malaria or ChiIIs $ Fever

Prescription No. 666 is prepared especially for MALARIA or CHlLlS & FEvE.s.
 Five or six doses will break any case, and if taken then as a tonic the Fever will not return. It acts on the liver better than Calomel and does not gripe or sicken. 25c
Pine Bluff daily graphic., 1913-07-15
WARNING ORDER.

In the Chancery Court of Jefferson County, Arkansas.
 Rosa Goodman, plaintiff, vs. Johr Goodman, defendant. The defendant, John Goodman ls warned to appear in this court with in thirty days and answer the com plaint of plaintiff, Rosa Goodman. < Given under my hand and the sea of said court this 30th day of June, A D., 1913.
 G. E. LITTLE, Clerk.
 G. c. LITTLE, D. c. g 29.
Pine Bluff daily graphic., 1913-07-15
CHANGE PLUM BAYOU LEvEE

Little Rock, July 14.-Commisslon- CTS of Plum Bayou Levee District to- day decided to change the line of the levee from the original plans, and, hence, postponed the award ot the contract until July IS. The work in- wolves about $2O,OOO excavation. Dick inson & Watkins, Little Rock, are en- gineers.
Pine Bluff daily graphic., 1913-07-15
THREE WOMEN
 TESTIFY
Tothe Merit of Lydia E. Pink hams Vegetable Com. pound during Change
 of Life.
Streator, III. -" shall always praise Lydia E. Pinkham's Vegetable Com

pound wherever l go. It has done me so much goo d at Change of Life, and it has also helpedm my daughter. It is one of the grande e s t medicines for wo- men that can b e bought. l shall try to induce others to
 try it. Mrs. J. H. CAMPBELL. 2O6 N.
Pine Bluff daily graphic., 1913-07-15

DON'T use a cough medicine con- taining opium or morphine. They constipate the bowels and do not cure only stifle the cough. Examine the label and if the medicine contains these harmful opiates refuse it. Foley Honey and Tar Compond contains no opiates, is healing and soothing. Sea- wells Pharmacy.
Pine Bluff daily graphic., 1913-07-15

Nature is busy putting on 2 spring suit; do not let the summer find you tagging. A little Sherwin- Williams Paint will meet the demand for all purposes Ask Claud Clegg & Co.
Pine Bluff daily graphic., 1913-07-15

Cures Old Sores. Other Remedies Won't curs. The worst cases, no matter of how long standing
 are cured by the wonderful, old reliable Dr. Porter's Antiseptic Healing Oil. It relieves Pain and Heals at the same time. 25c, soc. $l.0
Pine Bluff daily graphic., 1913-07-15

Prompt attention given to all mail orders. Cleveland.M Matthews hard- ware Co. tt
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-24
HUDSON TUBE ELEVATORS
BRING JOY TO COMMUTERS
Those Installed in Summit Ave
nue. Station, Jersey City,
Largest in United States.

TIE thousands OF commuters who
climbed the long s:airways leading 10 the
street al the Summit avenue station Of
the Hudson tubes on Saturday night VIII
doubtless be overjoyed this morning a.
the contamination Of a long desired re
form, for they will find in operation two
new mammoth elevators that had been
installed YESTERDAY
The summit avenue station is buit IN
the original serpentine cut OF Tie Penn
sylyania Railroad and TO reach the street
{. was necessary for passengers 10 climb
hundreds Of steps.
Never again has oeen frequent eX-
.,rcsslon when tho top was reached. ana
Vic.-pres,dcnt Wilbur c. FISK. who was
nresert al the opening yesterday morn
;rr said lie knew at least one case where
corpuIent passenger after taking e.
GOOD look at the stairs. boarded the next
train back 70 New fork.
The rroudest man in The station yes
te,da, morning was Jack Boyle. VINO
.oo, IN the first load of passengers short
~ after midnight The elevators are The
largest passenger carriers OF their kind
in tho United States, being IA feet square
and having a capacity OF ninety persons
= trim. They make the journey to the
ton OF the hill In sixteen seconds. and 1t
is expected they will be able TO handle
zen thousand passengers an hour
The installation OF the elevators conf
rle;es the Summit avenue station. the es-
tabl,shrnent Of which removed from lower
Jersey CITY almost the entire passenger
,raffic OF the town, and changed the resi-
Dental section in the vicinity OF the
Summit avenue station 10 business cen
ire.
The tube system also resulted In an en-
tire change OF the streetcar system and
caused a large diminution in revenue a.
the new station brought many thousands
y, residents within walking distance OF
their homes.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-24
THE PRINT CLOTH MARKET

IN IF4fgttfl To A'i' 'f'ff'-'-t
rau river Feb. The New England
cloth markets showed little ACTIVITY iast
week and trading may DE- considered
aui.t. Brokers and those An position 10
o,,. estimates state that about IlV"n
r,oces were disposed Of last week. There
% eteadv business all week. but the
tat,,uqs OK buyers were small ana OF
li,tls importance so Ear - the purchases
affected prices: there were few requests
for concessions and those when came 20
,,,,ufactt,rers were turned down. one
-, ,he contributing causes to the weak
-, ~ the market was the depression In
tine cotton market. prices haNins gone
down half of a cent.
Tin. cotton warm markets were not
oo,,,.e and il IS known that spinners are
beqinninc 20 yield something to buyers
and prices which have been hameh LOT
oo,.,,in counts have been revised. ana
baivers are now in "a position wnefe uhey
car yet their supplies III reasonable
nrices. Up to a few weeks ago II was
dis,cult for buyers To secure goods except
az hiyh prices. because spinners were so
crowded with orders that they could
command any price which they wanted.
Th. demand FOR aSis-inch, ci-bi. DO yards
90 the pound, has been good these last
two weeks. and the quotation has been
advanced from > 5-l6 cents to 90 cents a
ward. Mills making this style have done
q good business in the past. Tho week
closed with the demand light ana prices
generally well maintained.
The auotatlons: 2s-inch. H-s &C.. nomi-
,al. as-inch. s4-C.. 3.c. nominal: 2i-inch.
el-eo. ll-ltc. asked, 21-inch' oc-J, S'.c :
ei-inch, 56-59. 3isc; 3sfg-inch' ei-6f' use. {;
se-inch. ts-12. g.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-24

declines Of y 10 % points for the day and
the drop for near months from the high
Of the season running from 80 10 l5s
points. on Thursday and Friday there
were some recoveries. but not enough 20
amount 10 much
Foreign markets gained in the late
trading. and Il was thought that financial
troubles in Hamburg. which had a lot TO
do with tho drop. had been settled. There
were also some private cables from Bra
I'll which indicated that the season Of
liquidation vas about over. and more
hopeful feeling was in evidence.
In the country produce markets there
has been nothing beyond the usual con
sumptive activity, and with increased
supplies there have been some Tnodifica-
tons of demands by receivers. Butter
and cheese have declined slightly. and
eggs. fresh gathered" have dropped four
cents a dozen. with stocks accommodating.
The mild weather has induced unseason-
able activity among the hens. with stor-
age eggs not SO much in favor p they
were. and many coming 70 this city from
outside points.
Small fruits and vegcta bles have been in
fair supply with fancy quality, whether OF
fruits or vegetables commanding top QUO
tations without difficulty.
Poultry both alive and dressed has
weakened a little and the week closed
with some stock on tracks and more in
dealers hands, and the nlarke; barely
holding It's own.
Changes in livestock and dressed meats
have been only fractional, the markets
holding steady, with supplies considerably
less than those OF year ago "on the
hoof." and sligh,. il any. prospects OF an
increase.
The range OF wholesale spot prices IN
this market for the week has been down
ward. the tabulation OF twenty-five aTu-
cles by The Tribune showing reductions
in the cost Of thirteen. increases In seven
and five remaining unchanged.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-24
MERCHANTS NEW OFFICERS
Plaut Succeeds 0uterbridge as
Second Vice President.

The board Of directors Of the Merchants
Association. elected by the members OF
the association. has chosen officers for the
coming year as follows:
President. Henry r. Towne. president Of
the Yale x Towne Manufacturing Com
pany: first vice-president. William 4.
Marble. vice-president OF the x. q.
Corset Company: second vlce-prcsident
Albert Plaut. OF Lehn & Fink. drugs and
chemicals; third vice-presidcnt. Waldo
II. Marshall. president OF tie American
Locomotive Company. treasurer. william
Fellowes Morgan. president OF the Haril-
son Street Cold Storage Company; coun-
sell John w Griggs. United states At
torney General under President; Mckin-
ley; secretary. s. c. Mead.
The changes made IN the officers were
caused by the withdrawal OF z. Il. Out
erbridge as second vice-president and Of
Gustav Vintschger as treasurer. Both de-
sired TO be relieved Of these Offices be
cause Of pressure upon their time.
Mr.. Outerbrldge. who is treasurer OF the
Pantasote Leather Company. has devoted
much energy 10 the affairs OF The associ-
alton. and was especially active in the
campaign last fall. which more than dou-
bled the membership. Both Mr.. outer
bridge and MIR Vintschger remain mem
bers OF the board of directors.
Herman ~ Metz VINO Will take his sea
In Congress March Z. resigned from the
board OF directors IN Difference TO the rule
OF the association that no one occupy
ing political Office shall serve as an
officer or director. His successor has not
been elected. vacancy in the board
caused by the death OF William II. Nc
Cord was filed by the election Of George
W Neville. president II the New York
Cotton Exchange
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-24

"STATIST" ADVISES BUYING
Points Out That American and
English Railway Stocks Are
Attractive at Cur
rent Prices.
lEy Gable 10 The Tribune


London. .'cb. 23.-The news that Ru-
mania had decided TO accept the pro-
posal Of media ton in her dispute vita
Bulgaria impaired n quietly cheerful
tone TO the markets Yesterday. bui
though prices were lrmer business
showed no sign OF expansion. News
that another rebel army is being raised
left Mexican rails quite calm.
During most of the week the mar
kets were weak. the Fundamental
causes Of the weakness being the con-
tinuance Of the struggle in the balkans
and uncertainty as TO how soon corfi-
dence will he restored in Continental
countries. and how soon capital vii!
flow freely into securities. However.
there are many favorable factors for
an active revival when peace is re-
stored. and The Statist" advises that
"the present moment seems 10 bc spe-
cially opportune for persons possessing
cash resources 10 invest their money
advantagoously in buying stocks anI
bonds. At present II is desirable .or
investors 10 acquire those securities
where interest and dividends are be
yond doubt. and which in the event Of
any contraction IN trade would advance
in value in consequence Of their safety.
British gilt-edged securities. high class
American railway bonds and the larger
number OF English and American rail-
way stocks are specially attractive dt
current prices"
There has been sensible improve
ment In the condition Of the Cont
mental banks In Berlin SD. 100000
note issue Of the Reichsbank was again
below the legal maximum. Tho Bank
Of France received from circulation
during the week S1JOOo.Ovo cash. but
In this case the cash position Of the
bank is about 1925 900, 900 weaker than
last year. That money is returning
from circulation. however. is a factor TO
bc noted II indicates that confidence
is returning. Cash Is also returning 20
the Bank OF Austria Hungary, the
movement running 20 the extent ~
S17.OO6o during the week. The cash
position OF the last mentioned bank is
now only about S15,O"1~ weaker
than a year ago.
The Bank Of England's strcugth con-
tinues 70 increase. and the reserve is
S141. S7O.Ho The bank. moreover. has
complete control Of the open market
which is indebted 10 it for about S4o.-
OWGO0. and the open market rates Of
discount have consequently been main
tained al near the official bank rate be-
cause Of both the short supply Of money
and the uncertainties OF the interna-
tlonal situation. The open market rate
az discount was held at 4 I-l6 per cent
while for four months bills ll-lo ana
70, six months bills Ole per cent
ucre quoted.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-24
FILIPINO SCHOOLS PRAISED
Returned Missionary Regrets
Warfare. but Sees Improvement

The Rev DR.. James b. Rodgers. one Of
the first missionaries 10 enter the Philip
pines after Dewey's victory. preached on
Filipino conditions ar the University
Place Presbyterian Church yesterday
morning.
"Thc public school system is making
remarkable advances he said. In ten
years the success has been phenomenal.
and Fihpinos so realize it, There are seven
hundred American and eighty-nve hun
dred Filipino teachers. The plans for the
university are being filed out.
"The warfare In the south, carried on
by the government is not 10 he escaped
II is too bad that there must he aghting
there at times, but II cannot he helped.
am sure that conditions are improving
and that our government is wise. con-
sstent and kind I'm its course.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-24
PARIS BOURSE STAGNANT
Transactions Strictly Profes
sional All Last Week.
rBy Cable to The Tribune .

Paris. Feb. o3.-The Paris Boursc
was stagnant and weak during tho
week. only strictly professional trans
actions being recorded. The nominal
prices of Mexican banks, however. ad-
vanccd. although actual dealings were
INSIGNIFICANT
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-24
Exchange Clearing System.

Clearing systems are in use in the com
modify and stock exchanges In all the
p-inciral cities OF the world. The period
Of settlements differs. however. ranging
from the daily adjustment. IN vogue IN
New York exchanges. To the fortnlghuy
periol. prevailing IN the British exchange.
f,ro lac continued Monday. March 80
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-24

OIL 60: taxes. etc. s4S3 es; subject TO mtg OF
81 0Jo.
Py Samuel GoldstcAer.
PARK AVE. 1910. v 5, sos Y OF 2o'h 81
2Sxao. ) sly tennt and stores: Mahns,'hI "a,
ings Institution agt Mary Mccartny ~ a. a.,
Rapallo q Kennedy. sttys. George - L"!' '''
due. So. III a3: taxes. etc. sl.346 ..
AT THE BRONX- sALEsRooM
By iiernert A. Sherman
ZEREGA AVE. 1900. n W cor Maci4y ave.
I9lIxIs. ilx2D. 3x19 TO- Unionport; frsdetlck \
iou;hworth 81 81. exrs. ast lerega Avenue IN
Albert W Ransom ref; duc. st3Is 81 taxes
etc. $50 A..
By Joseph p. Day
kINsELI.A AVE. sd. 9. 1894 = o.
Bronxdsle ave. 25xi0D. Van Nest; samuel )
Smith o. al agt Lizzie : Cowan ei al; Meier
Hanco & Van Derveer. sttys; Jas n Donohue.
ref. due. g. 80 80. taxes. etc. SIT ~
On WEDN EsDAY.
AT 80. II VEsEY STREET
BY Bryan l.. Kennedy
CROSBY ST. -. E g. 1913 II % Prince ST.
aJx,-j2. sly loft blds. voluntary sale.
WEST END AVE. Go. y cor :oth s.. AK
20 ETY. dwg. with sty extension; voluntary
RIVERSIDE DRIVE. 49, q cor DIST ST..
50 9x15S irrcg sly d~s; voluntary sale
nth ST. 3Js and $50 West, : :. l4b II OF
Washington ST. giNiOo.3. sly nat and sly
stable: voluntary sale.
Sd ST. 100 West, S. - II " or MscdouedI
IT, .oxlo0. sty tcnmt. voluntary sale
Ry Joseph = Day.
18TH ST .4J West, n III 10 ~ OF
Washington -. 22xsO. ST. tenmt: Broadway
Savings InsritLton % City OF New York ag'
Afclia Slelghi Of al. Richard Kelly. atty,
H~rrv W Unger. rcf. due. So jJG g. taxes etc.
S3T7 "a
a02D ST $. $40 (. Of Valentine ave,
15xiOD vacant. Tax Lien 90 ~ New Gork agt
Valentine Roth et al: William Lustgarten,
atty. Frederic = Neuman. ref, due. ssfc - :
taxes. ct. sljl If.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-24
Japan's Clearing Houses.

Osaka established the first clearing
house in Japan in 1879. but the business OF
that organization was confined TO settle
ment Of bills Of exchange rather than
checks
The clearing house system. a. accepted
in other countries. dates. however. from
1891. since when II has developed yer!
RAPIDLY. Tho Japanese have taken the
New York system as a model In some
features and have also adopted some OF
tho features OF London. both Of which
have been supplemented by methods Oh
their own origin. so they have a system
adapted to their special requirements
Toxic. the capital city OF japan mas a
number OF chief banks. also branches Vi
banks having head Offices In other cities
Tho ccntra! bank IS the Bank OF Japan.
and all settlements must - made By or
ders on the central bank. where accounts
mus, be kent rs is the system In Lon
don. only members o' ;he Toxic Bank
ors' Association arc eligible FOR memoer-
ship IN the Clearing House. Zach MEM
Der must deposit with the Clearing House
az guarantee that his debit balances
will be paid. tho sum Of 1000 yen IN gov
eminent bonds. and should member iai.
20 pay his accounts promptly this iund
may bo drawn upon hy the executive
committee. Tnc hour OF clearing begins
Il 1880 o'clock a IN. On Toxic and ends
II u o'clock Items marked =. g. are
presented ~ the banks. but not cleared.
II the rcfundlng OF the amount t. re-
fused the fact f. posted IN the Clearing
House and the drawers of the paper 80
dishouorcd arc suspended. which pro-
hilits the PARTIES 80 lishonoroI from
having th"ir checks or drafts received by
am member 90 the association. sue"
rartie- may De rcinsta,cI by paving
t.oir obligations Tho penalties and fines
are peculiar 10 Japan and are imposed
with "a wide range OF supervision II Il
clearer 30 five minutes late he cannot
present the checks ne has on othc- banks.
but must receive and clear those against
his bank. II he fails 10 appear alto
gether the items due from his bank may
be collected in cash and his bank Is fined
10 yen
Errors OF clearers must be discovered
WITHIN i've Nll4AifHf 'tli'' " ar tA4'- ''''
reported TO tie bank. II they occur twice
or non-punctuality S. reported against
the clearer the manager Of the Clearing
House may ask the bank TO change its
clearer
ANY delay IN taking mp dishonored
item or making out an order 20 transfer
the debit balance may cause tho bank to
be fined % ven.
Clearincs may be made 10y 4 member
FOR other banks. II approval be given by
the executive committee and majority
vote Of the association, but the bank
acting as agent assumes no Liability Tor
the items. though paid fec for the
transaction The Associated Banks OF
Toxic I'm 1870 began 10 publish weekly
statements of their condition. similar TO
the methods employed by New York
banks.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-24
value every
Everett Realty 4 Construction Co.. 1915
IIatirop Building. New York.

A BEAUTIFUL six room cottage; steam
heat; all improvements: located on plot
aoyloO: convenient 20 schools. churches.
transportation. in restricted neighborhood
prica &. 900. terms $500 cash. balance sam.
as rent BENJAMIN II. SWEET. 32f Fulton
g Jamaica
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-24
OF THURSDAY.
Al 80. Il VESEY STREET.

By Joseph I. Day.
fi5TiI ST. % Fast. 3. 100 y or Madison
ave. eJxl00 II. sly tenmt; vol sale ,
sTH AVE c3e. cor % .ith -. 2+sx5V :
stv bldg with 3 sly ext, vol sale.
STATION ST. o. surrounding y cor OF
f;ldridge st. 75x46N,i.io. and s'y bldg vol
10TH ST. East. u 5. 100 z e OF 9th ave
.jtloon. sty team, admx sale ,,o.
PI.AT'r 81, .. g - Jos Il % OF pear. 81. @-.l0X
s0gx irreg sly bldg: eXr's sale
ANN ST. -. u s.. lls.5 Y Of Nassau 81
THOMPsoN ST. l2 v S. lols 4 $ Of Crane
81. % 6xlO1x irreg . sly dWls vol sale
UNION SQUARE WEST 80. W s. SlS X :
Of I'm 81. y 6xl5o. . sly loft bldg: eXtA SAL
iyn iOSlOo. ST. dwIg; vol sale go, .
LEMON AVE. tSs .. ~ -. ~ o. 80 80 AIT
susan VI O'Brien ct al, Paul y Gordon atty
Melvin q Pau!ser. ref. due. Ss,s'5 - taxes
uSTu ST. T. West $. eol Il V Of 5th az.
lsxlo0u SIS ,enmt: Maude W Pickhardt
aKt Rachel Axelrod q al. Murray. behnett
Ingersoi!. atty. Charles r Hawkes. ref; Que
sls,S7 A. taxes. etc. 'l.'s' -
By Herbert g. sherman
i2isT ST. cJ5 West n S. 100 = y Of Broad
way 501s9Ii, sly shop and sly I.i,,.,' i'S o..
l.nl savings Bank ast Adam : SANDS - d .
Edward Cllnch. atty Cha,,nss a h0'''''"''
re,. duo $500 a.. taxes. etc W" ~
THE BRONX sALEsROoM
~ Joseph +. Day.
WEST aDGTH ST. ts1, Z cor 81 George :
Crescent. 52.?x29s.Ax irreg , ST. frame o"s
and vacant. also, . w.
JERoMB AVE. aIes - isl5 Z, ,r s o. .,oSd an
samuel Keller agt Maria G Del 'iaizo 81 a.
samuel Kceler. atty: \ Welles stump ref: due,
S.. ~ 90: taxes. e. SITS 70. subject TO .
mtgs aeg-egatng Sld 5'.
EIsSfERE ri. si3. :. ~ 4 " Of Mar.
nlon ave. 2JNlOo. sly d"g: ptto tfasS -,
william q Mu.ligan 81 al; 'haries ' e'aor le
att. Edwin ID Hays ref. due. $50 s.. taxes
a.. t3oo "A. suhi.ct 70 two tax certificates az
grcga'.rg s2.oo' -.
on FRIDAY
At SO. "a VEsEY STREET
rs Joseph 2. Day.
EAST 18TH ST. 2I3 10 I'D. n 10 II . %
81 ave luoXl" II. six sly tennis mona, -
& Cadwaladcr. atty: Frederick I Rich roi'
due So as ~. taxes, etc sl,1O3 -
At THE BRONX sALEsRooM
rs Joseph i. DAY.
BURKE AVE 80. Il p. 20 Il O. OF Wa .
eve a5xiu0 Wakefield. Agnes l. Kimberly ~
a. aat Madison Construction Co 81 al: action
Ecki-y. ~, duo. s. $40 So taxes. etc. $3.50.
BURKE AVE. 10 :. - II e OF wallace
ave o5xl0O Wakefield; same agt same: action
No .: same atty and ref; due so'o'4 ol taxes
MSRRIs AVE. C5l and &C. " $ $40 Il 5
Of 1879 s. IS llXl00. r ST. tenint and stores
Henry Elias Brewing 60 agt Amodio ID Loro
VI chester ref: due Ass Y. taxes. etc. 5;
subject 10 a Hrst mtg OF $4,000.
Bv Henry Brad.
WlSHlNGTON ST. cor Starting ave.
~ <vlOS t'niouport Mar Cash agt Isaac
r Abbot, ., al Ferriss & storck. attys: I'd
ward We'll. re, due. S474s II. taxes. etc. 81
800 81.
b. George Price
POPilAM IT. I'LL. $. 1914 n Of l1eth
s. 25xloO. . sty dwg; Henrietta Gerhen agt
l. RerQman
Ilfred smith. ref. due. So GS2 %. taxes etc,
SID1 -
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-24
FINANCE { INVESTMENT
Austria II hungary Clearing Houses.
SEVENTEENTH ARTICLE
BY 'iarc M. Reynolds.

The Introduction Of the Clearing House
system in this empire dates from 1872,
when Vienna established the first one.
Tn, method employed Is very similar
10 Germsny's. and as it antedates the
pre- sent system of Germany it is possible
that the Vienna Clearing House was
taken as d model by the Berlin institution.
The official title Of the Hungary
Clearing House organization is sal
dierunGs Nereine." meaning balancing
association" There are only five in the
empire. located at Vienna. Budapest
Prague. Brum and Lemburg. The Vienna
Clearing House is the most important
and its constitution and operation serve
as a model for the others. The Austro-
Hungarian Bank Is the central moneyed
institution ana the dominant power IN
All the clearing houses OF the empire.
Settlements arr made through II or its
branches by means Of orders. as In other
central bank countries. Encouragement Is
given TO the use of checks. and recently
there has been an increase in the circu-
latiou Of the check system. The consu-
tuition of the Vienna Clearing House pro-
vides that only such banks az carry ac-
counts with the Aus,ro-fIungarian bank
are eligible 70 membership. and no one
is admitted TO membership except by
unanimous vote.
There are two clearinGs a day, at ?:SV
and 1870 o'clock. Vt the second clearing
all items OF the morning are returned
and At 9 O'Clock the items OF the second
delivery arc exchanged. the settlement
proof is made and details OF payment ar
ranged. All accounts must be made good
by 500 o'clock by orders on acceptable
balances IN the Austro- ungarlan DaiN'
or delinquent members must risk eXpul-