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 system used by banks in the late 19th century to settle accounts and clear checks between banks. Bailey begins by explaining the history of the clearing house system and how it was developed in response to the growth of banking and the need for a more efficient way to settle accounts. He then goes on to describe the mechanics of the system, including the role of the clearing house itself, the process of clearing checks, and the settlement of balances between banks. The book also covers the legal and regulatory aspects of the clearing house system, including the laws and regulations governing the operation of clearing houses and the role of government in overseeing the system. Bailey also discusses the various controversies and debates surrounding the clearing house system, including issues related to competition, monopoly, and the role of banks in the economy.Overall, The Clearing House System is a valuable resource for anyone interested in the history of banking and finance, as well as the development of financial systems and institutions in the United States.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.
