Retrieved from “www.archive.org dollars. In 1896, at New Orleans, alone, clearing-house loan certificates were issued, this having been the eleventh time that resort to such measures had been made since the history of clearing-houses in this country began, les’s than a half century ago. The largest amount of certifi- cates outstanding at one time was three hundred and ninety-nine thousand dollars, and was attained on Sep- tember 4th. The last of the certificates were retired and cancelled November i/th. The occasion for the issue at this time was, no doubt, the disturbance in business cir- CLEARING-HOUSE LOAN CERTIFICATES 123 cles arising from the presidential contest, which, always a disturbing factor, was in this year unusually exciting. Thus the New Orleans

Technorati Tags: #162, Clearing, House, LONCLEAR, LONDON