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Encyclopedia Britannica - Main :: VAN-VIR |
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VARIATIONS IN CLEARINGS AT NEW YORK
Year. Average Per cent Remarks. Daily Balances to Clearings. Clearings. 1870 $90,274,479 3'72 1873 115,885,794 4.15 Great business activity. 1874 74 692,574 5'62 Industrial depression. 1881 159,232,191 3.66 Renewal of railway building. 1885 82,789,480 5.12 Results of 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 Free silver panic. 1899 189,961,029 5.37 Renewed confidence and activity. 1901 254,193,639 4'56 Culmination of industrial flota- 1904 195,648,514 5.20 tions. Diminished stock-exchange and 1906 342,422,773 3'69 business activity. Stock-market activity. Treasury were members of the Clearing- House
York
ADTnoRIT,Es.William M. Gouge, A History of Paper Money and Banking in the United States (Philadelphia, 1833) ; Condy Raguet, A Treatise on Currency and Banking (Philadelphia, 184o) ; J. S. Gibbons, The Banks of New York, their Dealers, the Clearing-Houseand the Panic of 1857 (New York, 1858) ; Albert S. Bolles. Financial
Horace White, Money and Banking (Boston, 1902); Charles A. Conant, A History of Modern Banks of Issue (New York, 1896); Alexander D. Noyes, Thirty Years of American Finance (New York, 1898); Davis Rich Dewey, Financial
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 Jay 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 information is contained in the annual reports of the comptroller of the currency of the United States, published annually at Washington. (C. A. C.) End of Article: VARIATIONS IN CLEARINGS AT NEW If you wish, you can link directly to this article.
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