The book Clearing Houses was written by author James Graham Cannon Here you can read free online of Clearing Houses book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Clearing Houses a good or bad book?
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The Tonawanda bank, evidently realizing that the check had wandered far out of its course, and in an effort to get it nearer home, trans- mitted it to the National Exchange Bank of Albany, 70 Clearing-House Methods 71 National Monetary Commission which institution, pursuing the same commendable policy, remitted it to its correspondent at Port Jefferson. The First National Bank of Port Jefferson, which thus got possession of the check, again diverted its course by inclosing it to the Far Rockawa...y Bank. The Far Rock- away Bank sent it back to New York, to the Chase National Bank, and thus this much-traveled check made its second call in the metropolis. The Chase National Bank, it would appear, endeavored to correct the wanderer's course, and so dispatched it to Riverhead, to H. M. Reeve. Mr. Reeve, either because he really knew where to send it for collection, or because of a lucky hit, for- warded it to the Queens County Bank of Brooklyn, which finally sent it home to the Peconic Bank of Sag Harbor, on which it was drawn.
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