The Money of the United States. Its Character And Legal Status From 1793 to 1893 And Its volume From1873 to 1893 ..
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Other cities in the United States followed later. In some cases the settlements are made in checks issued by the manager of the "Clearing House," and not in actual cash, which causes a further saving. In England the system has been extended so as to include provision for the "clearing" in the London institution, of checks upon banks throughout the country. Such an extension of the system in New York is a possible, if not probable, improvement of the mechanism of financial transactions.
The econ...omy of this system can be best illustrated by the statement that in New York city, the exchange of $125,000,000 in checks can be made with less than jSs.ooo.ooo of cash.
The annual exchanges of all clearing houses in the United States now aggregate more than 162,000,000,000. For the past 15 years they have been as follows (in millions of dollars) : 1878 27.814 1879 30.520 1880 49.990 i83i 63,471 1882 60,878 1883 SI.731 1884. 44,200 i88i; 41.474 1886.
1887 i883.
1889.
1890.
1891 49.294 51.147 49.541 56,175 60,829 56.947 1892 62,109 THE MONEY OF THE UNITED STATES.
What to read after The Money of the United States. Its Character And Legal Status From 1793 to 1893 And Its volume From1873 to 1893 ..?
You can find similar books in the "Read Also" column, or choose other free books by Muhleman, Maurice Louis, 1852- to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Other cities in the United States followed later. In some cases the settlements are made in checks issued by the manager of the "Clearing House," and not in actual cash, which causes a further saving. In England the system has been extended so as to include provision for the "clearing" in the London institution, of checks upon banks throughout the country. Such an extension of the system in New York is a possible, if not probable, improvement of the mechanism of financial transactions.
The econ...omy of this system can be best illustrated by the statement that in New York city, the exchange of $125,000,000 in checks can be made with less than jSs.ooo.ooo of cash.
The annual exchanges of all clearing houses in the United States now aggregate more than 162,000,000,000. For the past 15 years they have been as follows (in millions of dollars) : 1878 27.814 1879 30.520 1880 49.990 i83i 63,471 1882 60,878 1883 SI.731 1884. 44,200 i88i; 41.474 1886.
1887 i883.
1889.
1890.
1891 49.294 51.147 49.541 56,175 60,829 56.947 1892 62,109 THE MONEY OF THE UNITED STATES.
What to read after The Money of the United States. Its Character And Legal Status From 1793 to 1893 And Its volume From1873 to 1893 ..?
You can find similar books in the "Read Also" column, or choose other free books by Muhleman, Maurice Louis, 1852- to read onlineMoreLess
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