Publisher's Synopsis
The Clearing House System is a book written by Dudley Perkins Bailey and originally published in 1890. The book provides a comprehensive overview of the clearing house system, which was a financial institution that facilitated the exchange of funds and securities between banks in the United States during the late 19th century. Bailey's book covers the history of the clearing house system, its organization and management, and the various functions it served in the banking industry. The author also delves into the legal and regulatory framework that governed the operations of clearing houses, as well as the challenges and controversies that arose during its development.In addition to its historical and technical content, The Clearing House System also provides valuable insights into the broader economic and social context of the late 19th century. Bailey discusses the impact of the clearing house system on the growth of the American economy, as well as its role in shaping the financial landscape of the time.Overall, The Clearing House System is a seminal work that provides a detailed and authoritative account of one of the most important financial institutions in American history. It remains a valuable resource for scholars, historians, and anyone interested in the development of the modern banking system.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.
