This book covers the history, methods, and administration of clearing-houses, which are institutions used by banks and other financial institutions to expedite the exchange of financial instruments. The author, James Graham Cannon, was an American banker who was instrumental in establishing clearing-houses in the United States. Cannon expertly explains how clearing-houses work and their role in modern finance. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.