Retrieved from “www.archive.org cates shall be apportioned monthly among the banks which shall have held them during that time. ” Second. The securities deposited with the said com- mittee shall be held by them in trust as a special deposit, pledged for the redemption of the certificates issued thereupon, the same being accepted by the committee as collateral security, with the express condition that neither clearing-house association, the clearing-house committee, nor any member thereof shall be responsible for any loss on said collaterals arising from failure to make demand and protest, or from any other neglect or omission other than the refusal to take some reasonable step which the said depositing bank may have previously required in writing. ” Third. On the surrender

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