Retrieved from “www.archive.org members of the association, and a certified copy of such consent delivered to the chair- man of the loan committee.” In addition to this, a resolution was passed, limiting the amount of payment by any member of the clearing-house association to a single person in any one day to one hundred dollars. The largest amount of certificates out- standing at any one time was nine hundred and ninety- eight thousand dollars, covering one week from Septem- ber 7th to September i/j-th, all of which were finally retired without loss to any member. The Cincinnati Clearing-house likewise issued loan certificates in 1893, and the form employed at that time is given among the illustrations. All of the associated banks at Buffalo took out certifi- cates in 1893 in denominations

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