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Show CHICAGO FINANCIERS MEET SITUATION WELL CHICAGO, Oct. 28. -Very little troublo was caused hero today by the action of tho Clearing-Houso association associa-tion in limiting tho amounts of money to bo pnkl out by tho banks. Business was almost entirely oil a checking basis, and was apparently normal in all directions. di-rections. Tho banks adopted a rulo of not paving out currency in amounts of more than $100, unless tho funds wore required for payrolls. If depositors desired money in excess of $100 they wcro asked to tako a cashier's check for tho amount.. In all savings banks tho rulo requiring legal notico was enforced en-forced if tho dopositors wished to withdraw with-draw an amount greater than $100. Tho rulo was elastic, however, and tho banks imposed hardship upon no ono. Money desired for payment of rent, insurance in-surance policies, or for necessary traveling, trav-eling, was paid out regularly. In cases where notes wore to bo paid, tho bnnks usually asked that tho notes bo pre-sontod pre-sontod to them for pa3'mont. The citv of Chicago was tho first to feel tho effect of tho change in bnnking methods. City Treasurer Tracger had but a limited amount of money on hand, and this wns rapidly boing exhausted ex-hausted under Iho orders of Comptroller Wilson, when the latter decided to stop tho issuing of checks upon tho Treasurer. Treas-urer. Tho law provides, howovcr, that employooa can bo paid only in orders upon the City Treasurer, and as that official was not ablo to procure the money to meet nil orders from the Comptroller it was docided that tho city payrolls should bo held up for n time. Com pi roller "Wilson declared today thnt ho believes arrangements can bo mado with tho banks tomorrow looking to the payment of tho city employees. |