Retrieved from “www.archive.org tj en MH ~CJ Z3 2 Q z %3E - T3 %3C w QQ Q- i C 274 CLEARING-HOUSES The formal order by which the transfer is made is shown in the second of the accompanying forms. Manifestly, it would be impossible for the manager of the clearing- house to ascertain from the reports just illustrated whether a given bank had traded to a single bank or to a number of banks, and also with what bank or banks the trade had been negotiated. This fact is determined by an order or orders upon the manager of the clearing-house from the cashier of each creditor bank which has nego- tiated a trade, to pay to a specified bank or banks certain portions of its balances each, such sum to be

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