Publisher's Synopsis
Clearing-Houses: Their History, Methods and Administration is a book written by James Graham Cannon in 1900. The book provides a comprehensive overview of the history, methods, and administration of clearinghouses. It begins with a brief history of the development of clearinghouses in the United States and Europe, and then delves into the various methods used by clearinghouses to settle transactions and clear balances. The book also covers the administration of clearinghouses, including the roles and responsibilities of the officers and staff, the rules and regulations governing clearinghouse operations, and the procedures for resolving disputes and enforcing compliance. Throughout the book, Cannon provides numerous examples and case studies to illustrate the practical application of clearinghouse methods and administration. He also discusses the challenges and controversies that have arisen in the history of clearinghouses, such as conflicts between clearinghouses and individual banks, the role of clearinghouses in financial panics, and the impact of technological advancements on clearinghouse operations. Overall, Clearing-Houses: Their History, Methods and Administration provides a detailed and informative examination of one of the most important institutions in modern finance. It is a valuable resource for anyone interested in the history and evolution of financial markets, as well as for professionals in banking, finance, and related fields.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.