People's Pilot, Volume 6, Number 23, Rensselaer, Jasper County, 26 November 1896 — Business Clearance House. [ARTICLE]

Business Clearance House.

Why are bankers the only class who can make one dollar of money perform twenty-five dollars worth of their business. Are bankers the only men who have intelligence, enough to adjust their business to the volume of the circulating medium. It certainly seems so; for the report of the comptroller of currency shows that of seventythree millions of business transacted by the clearance house only three millions of money are used.

Now why can not the business men establish a business clearance house and employ the same methods of adjusting their business to the volume of money that the bankers do. Is this not a suggestive thought, worthy of consideration amoung the producers. We pay intrest on one dollar, at least, fifteen times every year, as shown by the statistical report of the Knights of Labor, while the money lender succeeds in multiplying his business by fifteen from the same cause.