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VARIATIONS IN CLEARINGS AT NEW

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Originally appearing in Volume V03, Page 349 of the 1911 Encyclopedia Britannica.
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VARIATIONS IN CLEARINGS AT NEW See also:YORK See also:Year. See also:Average Per cent Remarks. Daily Balances to Clearings. Clearings. 1870 $90,274,479 3'72 1873 115,885,794 4.15 See also:Great business activity. 1874 74 692,574 5'62 See also:Industrial depression. 1881 159,232,191 3.66 Renewal of railway See also:building. 1885 82,789,480 5.12 Results of See also:bank panic. 1890 123,074,139 4.65 Business expansion. 1894 79,704,426 6.54 Depression following panic. 1896 96,232,442 6-28 See also:Free See also:silver panic. 1899 189,961,029 5.37 Renewed confidence and activity.

1901 254,193,639 4'56 See also:

Culmination of industrial flota- 1904 195,648,514 5.20 tions. Diminished stock-See also:exchange and 1906 342,422,773 3'69 business activity. Stock-See also:market activity. See also:Treasury were members of the Clearing-See also:House at this See also:time. Their weekly reports of See also:condition were awaited every Saturday as an See also:index of the See also:state of the See also:money-market and the exchanges; but this index was incomplete and sometimes misleading, because See also:regular weekly reports were not made by See also:trust companies. It was announced See also:early in 1908 by the state See also:superintendent of banking that he would exercise a See also:power vested in him by See also:law to require weekly reports in future from trust companies, so that the two classes of reports would See also:present a substantially See also:complete See also:mirror of banking conditions in New York. ADTnoRIT,Es.—See also:William M. See also:Gouge, A See also:History of See also:Paper Money and Banking in the See also:United States (See also:Philadelphia, 1833) ; Condy Raguet, A See also:Treatise on Currency and Banking (Philadelphia, 184o) ; J. S. See also:Gibbons, The See also:Banks of New York, their Dealers, the Clearing-Houseand the Panic of 1857 (New York, 1858) ; See also:Albert S. Bolles. See also:Financial History of the United States (3 vols., New York, 1884–1886); See also:Charles F.

See also:

Dunbar, Chapters on the Theory and History of Banking (New York and See also:London, 1891); See also:Horace See also:White, Money and Banking (See also:Boston, 1902); Charles A. See also:Conant, A History of See also:Modern Banks of Issue (New York, 1896); See also:Alexander D. Noyes, See also:Thirty Years of See also:American See also:Finance (New York, 1898); See also:Davis See also:Rich See also:Dewey, Financial History of the United States (New York and London, 1903) ; See also:John C. Schwab, The Confederate States of See also:America, 1861–1865 (New York, 1901); See also:David Kinley, The See also:Independent Treasury of the United States (New York, 1893) ; See also:Report of the Monetary See also:Commission of the See also:Indianapolis See also:Convention (See also:Chicago, 1898); Charles A. Conant, The Principles of Money and Banking (2 vols., New York, 1905) ; William G. See also:Sumner, A History of American Currency (New York, 1884) ; See also:Amos Kidder See also:Fiske, The Modern Bank (New York, 1904) ; William G. Sumner, A History of Banking in the United States (New York, 1896), being vol. i. in A History of Banking in All the Leading Nations; John See also:Jay See also:Knox, History of Banking in the United States (rev. ed., New York, 1900) ; and R. C. H. Catterall, The Second Bank of the United States (Chicago, 1903). Much statistical See also:information is contained in the See also:annual reports of the See also:comptroller of the currency of the United States, published annually at See also:Washington. (C.

A.

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