Clearing-House
a financial institution which makes daily adjustment of debits and credits among the banks constituting its membership.
In the old days before the American clearing -houses were established, Bank No. 1 sent a runner to Bank No. 2 with the check to get it cashed; and if No. 2 had a check on No. 1, it sent its runner over; and so on, all through all the banks.
But now each morning the clearing-house clerks of a bank report at the clearinghouse, and make out a list of all the checks payable to that bank by or through other banks; then the clearinghouse people take these lists, and compare them. They find, for instance, that Bank A owes B $ 1,000 and C $500; that B owes A $500 and C $1,000, and that C owes A $500 and B $ 500. Comparing these, we see that A owes B $500 clear CLÉMENCEAU minute solids, regularly terminated. The directions in which such bodies thus break up are called their planes of cleavcubic, diagonal, or lateral (or peritoage; age; and the cleavage is called basal, mous), according as it is parallel to the base of a crystal, to the faces of a cube, to a diagonal plane, or to the lateral planes. In certain rocks again there is may coincide with the original plane of a tendency to split along planes which stratification , but which more frequently is the consequence of the readjustment crosses it at an angle.
This tendency by pressure and heat of the components of rocks, which is one of the phases of . county-seat of Johnson co.
Gulf, Colorado and Santa Fe, the Trin-