| Show CLEARING clearinghouse 4 HOUSE gus mm HG annual reports and elections THE INCREASE IN BUSINESS manager boags resume of the years transactions shows a gain of 0 rivo five per cent over the preceding year james E jennings th the now president and harvey J young manager at the annual meeting of the clear ins ing house association yesterday james 13 jennings ot of the utah commercial savings bank was elected president and harvey J young ot of the deseret national manager tor for the ensuing year the house convened with president donnellan in the chair and gov heber bieber ill wells at tho the secre desk poll loll call cali revealed the presence ot of the following foll follow oming ins members member wells farko faiko co represented by john rl dooly deseret national by 1 S ill ovy walker niker broh by M J chiesman Cho osman esman Comme iclal national by john NV uon doll ilan utah commercial and savings by james E jennings bank of alit alt lake by J H liacos stat slat bank ot of utah by dieber al dvells national hank ot of the by frank knox bank of commerce by 4 F walker utah national bj by J 31 stout absent T IL jones A co 0 the secretary and treasurer submitted its his annual report showing the meetings that hod had been held tho the receipts and disbursements and a balance in the sum auni ot of with which to begin the new year the report was waa received and placed on file 1110 manager ralph E joae then submitted ills his annual report showing the exchanges effected through tho the clear ins ing house in tho the year to be as fonas follows INCREASE OF FIVE PER CENT january SG february 44 iW march april 6 may lay 4 rs I 1 juno june 1 fe S ari am july Ba august orp september october I 1 6 november december ci CT total this rev reveals eat an increase of 0 or 6 per cent over the total reached in the year following 1 Is a comparison of the totals for the six years during chichi the organization has existed 1890 iset as 11 IM ISM 2 WOH i llE IM 1893 liia ISM tol 1 jl ai ili closing ills his report Ila manager mager hoag submitted that it would indeed le be difficult to obtain the services of 0 a more painstaking and accurate corps of 0 messengers than those who are now nov serving the clearinghouse clearing house and tho the report having been received the administration of mr hoag tv was at an end ELECTION OF OFFICERS the association then proceeded with the election of officers tor for the ensuing year and as under the rules that Is governed by succession the following were announced t james E M jennings of 0 the utah coni Commer berdal clil and bank savina vico vice president james 11 II lacon ac on of tho the rank bank of 0 salt lake city secretary and treasurer Frank knox oi of the national dank bank of the republic executive committee L 8 hills W B S Alc McCorn Cornick lck T it 11 jones and frank knox james K F jennings chairman ex officio tho the clearinghouse clearing house then adjourned adjourn eff whereupon tile the executive mot met and announced the election of harvey I 1 young of the deseret na ana lional bank as manager for the ensuing sit ing year mr young being under the rules the natural successor to manager dioag whose administration has been an exemplary one yesterdays exchanges at the clear I 1 ing house amounted to 8 as 89 9 compared with tor for tho the same day in 1835 |
