Triumphs and wonders of the 19th century, a volume of original, historic and descriptive writings showing the many and marvellous achievements which distinguish an hundred years of material, intellectual, social and moral progress (1901)
Boyd, James Penny, 1836-1910 · Philadelphia, A. J. Holman & co · leaf 501
E XIXTli CENTURY 1853. The banks belonging to the New York Clearing-House Associationreported on April 1, 1899, loans and discounts, $779,951,100; deposits, $898,-917,000; specie, $187,144,300 ; circulation, $13,870,600. Clearing-House Loan Certificates. —These are simply devices thatthe banks have… … NEW YORK .KAKINOTIOUSE. between the banks. They are not money, but serve a useful purpose indiminishing the demand for money ; for when the banks agree to acceptthese certificates among themselves, it makes that much money available tobe loaned or paid to depositors. In 1893, and in other years of…
Progress · Inventions
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