Clearing House Loan Certificates And Substitutes for Money Used During the Panic

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Clearing House Loan Certificates And Substitutes for Money Used During the Panic
James Graham Cannon
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[Page 21] Clearing House Loan Certificates Sioux CITY, IOWA Issued only Clearing House certificates which were due ninety days from their date, October 28th, 1907, and all were retired before maturity. SOUTH BEND, IND. A specimen is shown herewith of the South Bend Asso- ciation check, which differs from other checks of the same character only in that it is payable to " Any Associated Bank, or Bearer. " [Page 22] li No. _2ia_ \tioux City Clearing House Association Certificate $1, 00000 SIOUX CI...TY, IOWA CMS 6?rti[ie$, That the-BantfSe^posin? the Sioux City Cleaning House Association have deposited with the Loan Committee of said Clearing Ifcwse. AssocfcrtiM securities to the value of Twelve Hundred and Fifty Dollars ($1, 250. 00), to secure to the bearer hereof the p^yjnent of the sunKof One Thousand Dollars ($1, 000. 00) in lawful money of the United States, payable on or before ninety Says from date. " . This certificate is issued in accordance WKb, the proceeding -of a meeting of said Association held on the 28th day of October, J 907.

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