Retrieved from “www.archive.org has been marked, especially in recent years, to include within the legitimate field of clearing-houses all questions affecting the mutual wel- fare of the banks and the community as a whole. The bankers west of the Mississippi River have given to the country the most striking examples of the possibilities of clearing-houses exercising various special functions, while the great associations of the East, and especially ii 12 CLEARING-HOUSES that of New York, have exemplified the utility and value of clearing-house loan certificates. The most important of the special functions of a clear- ing-house are (a) the extending of loans to

Technorati Tags: Clearing, House, LONCLEAR, LONDON