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Show PUJO PROBERS HEAR TESTIMONY -OF FIVE SALT LAKE BANKERS Committee I Told Both Side of National Copper ( Bank's Troubles With the Clearing House As-; As-; sociation of Salt Lake City In Addition to Testifying, W. W. Armstrong Files Voluminous Volumi-nous Brief Presenting His Bank's Position in the Controversy. neee to deenotrallslng 1 tJerotee nj a pgeetlo M be eeverely ooademnod. wWeee, It to fleimed br meeaben. of thle tMKkUm that It to momott for Uieea la par lataraat aa oertaia existing checking eceounte In order to hea their customers (ma deoeeittna m ether efuee, or for other reeeoae wbUH mm peogor and wnoeaelleMe Tketefor. ha It reenleed: That In order to prevent tha rreatioe af offering lo Bar Intereel an eooounta aubjeat ta caecl. in an endaevnr to Induce the evetenoe at well-eetabllehad relatione ar to prooure naw tueineao. and la rtr alas ta uphold up-hold and maintain aviating relatwyne which ar vagarded a legittejiat end Havana! Ha-vana! crltlclara, tha (al towing be tneaeeed in lha rulee of hla aeanolallnn to taka effect Immediately, ta ba altuted aa aastioa 10-al. Wo lataraat en Xtopodtt. No mimbr of thla eaeocietlen ehalT directly or Indirectly par intereet an an open or cheeklna account, except to banka aa provtdod for In geetlon 4; Hrrrvtaad, That where arrajiaamesits "heretofore neve been made between a member of thla aeeorlallon an4 a de. poettor which rwqulre tha payment of lataraat la-taraat they ahall not ha dlelurbed. and. Proflded further. That ahould It become be-come neoaeeary for any member of thla eeaocletlnn to pay Intaraat on a oheeh-Ing oheeh-Ing or an oran account, permleeton eo ta da muat flrat ba obtained from tha executive oommittee ta whlnb rwnamtt-taa rwnamtt-taa tha facta and reaeona therefor ehall ba presented, and. provided. That public fuada shall not ha airbjact ta thla rula. Legal Action Suuegted. On April . flva dev. after II. clearing clear-ing house bad Inelstad on tha Nallon.il Coppafa votlne- on tha naw rtila. "ifr. Armstrong at rota the Clearing House ae-aocletHin, ae-aocletHin, vottna In tha negative and us-eetiing us-eetiing tha Inlantlon of tha bank not t a hid o by tha rula. If edopfed. Ha raid ha had been advised that tha rula Hiatal air aaalnat public policy He ataiad that mamharahtp In tha eeeoelallon constituted con-stituted a valuable a rot-arty right and In- tunated that an afrort to enforce tha ob-Jectlonebl ob-Jectlonebl tola would raault In an en-lon en-lon at law toy rcdraaa. Than ha ar- WA'niNOTC.V. Jan. 7. Tee opera-i opera-i tiooa nt Iho Clearing House association ', of fait Lake Otr, I tab, and id con trnvrry with the National (Vipprr bank of that rity wrrn ri Ininrd ta Ilie monay ljutt inyeti(ratiui- romnnttao of Mho liP'tra tolay. I'irn Hut Laky City T-aakair. tralittr L W. V. A matrons, iraMil"nt of ihe Natiooal Coprr banU, rocountr.l thri tri'iimstaocrs that retulti in the -r-J mratian of hit bank from tbo clearing ' " home, lie iJ that yrheo tha Oojipor larlinaxl tn abidn by a ruin anlvd and a saw ona wi orcanloM by fight mambara of tha old aaaoclatloa. I.avlna tha i ntmr hank aa tha tola niaintwr or tha old aaar-tiatjon. Tha naw clrarlnc hottaa rule permit a par eant lnler--at on tlina depoalte. but raqulra arh tmnk la rr-tmrt to and aacwra par-nil-li, ti for ail h nain-nla from tha ax-tiitlve ax-tiitlve rornntlttaa tf tna Clearlna Ifouae kaiK-iallun. A ohaiaa la riulrad on all tiJfaraph anl axpraaa tranafar bual- Uaaa:" "'aa anylhlny; In a bmlnaa wav left to 'tha dlractora of a hank under the naw i-horlna baura rafuWtiuna." aakad In-lermyar. In-lermyar. "Vary III tie." replied Armatrona. Vlfhr- 0Ur bn( n l'--'r--a uuiaida of We do bualnaaa In t:tan. Wyomlnc and Nevada." Bualnaaa Isjarad. "luw have you baan Injured by tlia aetlon of other fmtt take City bank! tlir- uaii their clearln bouaar' "Prior t" leal July." anawareo Arm-atronfr. Arm-atronfr. -other banka areeptad rliacka on the Copper bank and our eorreepondent banka. Kince than aah la demanded of ua aud our roi-raapoodanta for vhecka. We had to e-nd rhecka direct to banka vu whicti they ware draws and pay tha ax. preaa chart -a. Thay refuaed our Oaah-lera' Oaah-lera' rheoka." "What ta the antra met to you be-caiiae be-caiiae yon are not in tna claairlna bouaeT" rrom lia.ooa to tlaOOO a year. We imiet bava extra help, auloniol.llea to arrv caelt and (uar-la. our reeervee tnnal b larger to protect tie aaalnat tha oiialatighl or our eleUr banka. But." ha added, '"our bualneaa la Increaalng and wa hare oeer a.ira.ouo In depnelta." "Wlt mniienoa In Sail Lake domi-natea domi-natea In tha bankln bualneaa?" W H. Mt-Cornlnk. Ha la very waaitby and very able. Ha la Intereetod In other banka." MoOonilck en Bund. I Called to the wltneaa eian.l. Mr. Mc-rornlck Mc-rornlck eald that aa waa the head f Moilornlck Company, prtvata hanke--a, prealdanl of tha Utah gartnai c Truat company, and that all aeaorutee nara connected with ihieo other baiiklni In-t:tntlona In-t:tntlona In Halt Lake Cite. "Why did you oit.nl- the new clearlna clear-lna lioueo aeeoclatlonr' naked Inter, niver. "Wa aaw dlfflcultlea In enforcement of rulea of tha old aaaoclallon." kSf tl no -"TeJ tha Copper "That would bava been dirncult. The saw bank ha tha aama rtal.t.'-"Did rtal.t.'-"Did you undaratand. " demanded t.'n- "Knr any combination of banke. whether wheth-er chartered under tha national law. or tha etata elatute. to enter Into a com-btnatloo com-btnatloo to reauata In an arbitrary war the amount of Interest that any bank belonging to the aaeoclatlon (hall ptiv ujvon tie ayo-trrte, or nvon tlally balancra of banka or Individuate, I bava been ad-vteed ad-vteed la egaJnat puhllc pulley and void, and la an encroachment upon tha tiahta of the reeriactlve banke to carry on thrlr bualneaa be and througti their reepa-tlve hoard of dtra-tore. amoiintlnff thua to a delegation uf power by tha board to tin-uuiuoriied tin-uuiuoriied pereone. whlcb la .c-ntrgrv to the provielone of the etalute under whh-ti each bank la Incorporilte-I. Bu h a rule. If a-riiteeced In. would eiihla't tha mara-here mara-here of the clearlna houeo to very ee vre crltl -lam. if not to a proeectillon upon a coneplracy In reatrelnt of trade end commerea " AoooclaUoa Dlaaolyad. "Tha aeeocUtlon thereupon ea'reed to meet h) one week tn conelder the e-pulalon e-pulalon of Ihe National Copper l-ank rroin Ita aiemherahlp- At live next meet-!ng meet-!ng no telerenca waa made to expulsion. expul-sion. Mr. TV 8 Xcfornli k. reprrrentlng Mr. Tornlck A Co., moved that thn aeeocta-tlon-dlesola, dletrtbuta Its aaeeta and retire from bualneaa. Tlila n.othn a amended to Include adjournment for one week, to afotil tuna for conelderallon of queatlona pertaining to au h iliaeolutlon. "Therender. until June 1. I'.'l:, wc kly ailjournmenta w-era had. "About May :l. till.' the p.cjlJrM of the Clearing H.uiee uaaoctaUon pie. eented to the National Copper bank, with tha reiueet that It elan the eaiua. a d'Miiairnt purprlli: to be rulea to be adopted ly a nee- clearing Ivjui-o aao latloii whhlt e-aa being rti mot. 'IIiIn ( adopted by the clearing hoaae forbid-, forbid-, ding bank, to pay interest oa open or cUackiD'' account, the oivht other meiu- bert of the clearing hou.e tliaaolved the aneociation, and immediatrly formed a saw one, with a con.titutioa including the rule tn which the Coppor National objected. Tha Copper National declined 1 to eubeuribe to the rule or enter the - new aaeorietion. Mr. Ann.tronj nut that it waa eoating aii. hank 'J. '.,) a year extra to operate oulaide of Ihe Clearing huu.c lie averted that the halt Lake City clearing houaa rulea '. .regulated ratoe and iuterrat to he i ehaxged in practically ovary tranaac-) tranaac-) tion between a bonk and it. client., a and he endeavored to argue that I be J a.eoriatiou waa ia restraint of trade. u.urping the fuaetion. of the ofiirera of - t the bonk.. Olhera SUagroa With Annntronf. W. 6. McCornirk and threw other . member, of the aiaoeialion aaid that I Mr. ArnutruDg had atattsl the foot about aa they bad occurred, but they ' diaagraed wits hi. view of ethice of I the attnation, maintaining that the aa-V aa-V aociation waa acting within Ita righto. Just before the cummitUie adjourned G. 0. Henry of the Irm of Solomon ic i o, New fork City, waa qneatloned by Samoel Intermyer, reun.el for the committee, aa to tha detail, of the marketing mar-keting of the etoek of the California Petroleum company by the ayndieata formed by hi. eoirjMtny, Hallgarten Co., aad Lewioobu Broa. Mr. Henry produced the agraemeata and contract, ia eoaneetioa with the marketing of the etoek and the organization of the company. com-pany. Hi. examination will be ouu-tiauev! ouu-tiauev! tomorrow. After the hearing the committee, with Mr. I'atermyer, went into executive aca-aioa. aca-aioa. The eommithre eontemplatee a atupenaioa of heannge within a few week., to allow the preparation of an intermediate partial report, to be .unturned .un-turned to thia eoegreu before Mareh 4. It ha. been auge-eetad that the committed com-mitted endeavor la eer.nre from the ineomiog eongreat a raaolution eontina-Ing eontina-Ing the iaveatlrntioa and that the hear. inir ba reenmed after the net ad mi alteration alt-eration eomee in. Ia hie tetimon yeaterday Mr. Arm-etrong Arm-etrong detailed eome of the klndraoee to tba bu.ineee of the National Copner ewUiled br the refitwl of the other . banka to aeeant ar give eaahiern' check. ' . in dally eettlement. Ametmnc datatled aoma of tba htnd raneae to- the boalnaaa of tha National foppay entailed by the refuaal of the other banka lo .eeant or give ca.hleie' eha,Oaa In dalle aettlaiyiant fmbarToeaed Hi Book. Ha aald It amharraatad Ma hank he eauaa It required aclrtlllonal Clara, and additional auaide. "We waea." he aald. "aad are yet. trotting up and down ma treeta of Salt Lea a City, bet waa n the henae with an automobile and nuarrie. Hjwvn ni o waa uvula ! nnu. nr. document rnrrled t!ie a!ft'nat-irra o' eiuhl bmkr of rait Ijka I'M' . H no, Willi the National Cupper hank, at that time cin-atltuted cin-atltuted the I' learlni: llotiee iitio-.-riitln. "The N-tllor.al t"opper bank, aftec f'jll conahlaratUin hv It. counael ami It. dl 1 reilur. of the rulea propofvd tor a naw "leHrlnic houee eiaeoialln. le-llned tu atail earn, or t,, accept a nieinhel.hlp wicicr ehe fondlllona e.njl.t to P. im-H,e-i. for the rene-ju that th nik or-fvivii or-fvivii a na aaeeclauou dl-1 not dlf?r ' 11 euhl.nct tioin thaee of tle axiatlnf .tteo.-latl,oi. to which the Null., ml i.'.ip. ei uenk liau daclljia1 tv autuult, aimJ for the furtiier reaaon II. at 11 helievcu nil,, nilaaiou to auctl propoecd rulea deleaatil 11 control ov.r It. all:tlia tu other Ihan Ite Jlrectore, In oen unj dlic't cch travanilon of the n.UotMi tji.kin. jn. New Aiooelatlort rormed. ' v "On June I. mis. t lv Clear. nt Ho'iee uai:latlon receive,! tiir wrltlou elth-drawul elth-drawul notice of elsht mcnihrr. leinln. tha National Copper Una Ilia oIj r. inalnlng nierrbtir of aucii acaclatlon. The el.tlt meiuner. au wltllUraw lug lut-meUlalely lut-meUlalely tiiareaftur forirvj a new clear Irer houaa a'.ovUttun. alikh .ain pre-aented pre-aented to the National Copper -auk Ita propoaeil eouatltullun anl liy-tatva. ami uraed the bank', lepreaentatlva to eiKii aama. Tha National t'npner bunk aaeln declined member.Mp unJer rulte pro poaed. for reaaon. Aral glep. 'The Natlunal Copper ienk eixnge. In teueral banking bualneea In I'tah. Idaho. Nevada. tVyumlng. and Ilea num r"u. correapondenta In other aiatea. "blnca June 1. la IV. U iiae not haen atTorded the eonvaulancea or enA-mtanee enjoyed by tha other hunk, of tfalt lake City berauae of It. refuaal lo euhecribe to tha lllaaat rulaa Af ll.a rt.m' .....1... termver. 'that your national banka could et togathar and combine to deprive an- i tomere of Inlereet on account, and e-pel e-pel i Irom yeur oomblnatlon any tank that paid Intereat" 1 i thoualil we bad that right." replied JtcCornlck. "I did not think It a.mt bualneaa la pay intaraat on ohecn ac-1 count a. , "What authority- bad voor aee-l.i'l m lo direct lha bualneaa of other bunhlT"' vta have aeeutped the right. " OLhara Teaury, Frank Knox prealdenl of tile Natio..: ' Bank of tne Republic of Malt l.k-, i-.m i or the romiation ot ihe new .-.raring' ttouae aoauelalian. "That aa. to .el rid vf the Ceuaf banli:- eakd I'nlariitvae. "Perbata." replied Knox. Cruirla f. Hurlun. .ecmlarv nf the ea!l Lake Clearing Houae aaao- utlon and vice pireldant of tlie Vtah National bank w.ii aakrd Ktiotil Uireete to force the Copper I National bank lo ruhaerlba to the eleur-Inn eleur-Inn houaa rulea. Ha aald that h. had J.lntly told lr. Annatrong "that the tlaht waa eight aaalnat one. and tha ona would ba beaten." tie want over tha anil: a atory again. . V H- "nrneworth. prealdent nf the Fall Lake City Clearing Hou.e aeeocietlon. corroborated Die teellmony or lha oilier bankera. Armatrouc TUm Brtef. Mr. Arrn.tmng Bled a brief with the I ooramittea, following hi. taatlmony. In i which ha reviawa al length all the clr. curu.taneee leading up lo lha break he- I twean lha National Cop par and tba elahl ' clearing bouaa banka. Tha National Cop. Per waa admitted to tile clearing houaa on June 1.110, open It opening lor bualneaa. K rl . n . . . . t. . T ' u tne iiieaai ruiee or tna pea' aaeoclu. tlon and ha. treue.ctei) buellieaa ub. m: 10 coercive lefaeure. apniied by memoera of the new clearing houaa aaeo elation that ware calculate to compel aubmlealuu iu anch llleaal ru.ea Alleged Coercive Act, "c'uch eourulve acta are aa follow: ""rem June I, l.i:. and until Jiilc 112, Ihe eight banka comprl.lng tha naw clearlna houae aoc!atlon aoceple! front Ilia National CtH-Per Bank all check, re. oelved l.y II. whUll were drawn on oor. reeponrlent. of the aeeoclalrd hankn. On July 20. lilt, the eeeoclatad bank, entered en-tered Into a eoneplracy lo coarca lha National Na-tional Cupper bank by aareelng lo glee no notice to National Copper bank of their Intention until preeetrtlng tlema fur payment on lha following Mondav, July 3;'. tSU. when each aaaoclated hank aauld and did rafuaa to accept from the National Copper tank any check, or Kama diawu on lln-lr eorreepondent without foundation tn (act alleged that the National Copper batik wa. Ootng 'bad banking.' all for Ihe purpoae of wilfully wil-fully and niallclou.ly Injuring the bu.ineee bu.i-neee of the National Copper bank "In confirmation and acknowledgment i of auch acta of eoneplracy, and In v. dence o( the malicious determination to either rule or deatioy tba National Cop per bank, at a day atiheeuuenl to the opplp.-aiton ' of the coercive mea.uree etale-1. th aa.aret.ii-v of tha new clearing clear-ing nan.. aeeocUtlon. In .peach to the pieeideut of the National Copper bank, .aid. 'We ere going to make vou elgn the rule.: II la eight to one and a tl. it lo a Itnieh. We propose to bring you lo your knee.' "Having eon.ervatlvely conducted It. bualneaa Tn elrtct cornpttanve wlib the federal banking law, the National Cop. rer bank reepectfully aubmtta that under ta federal charter It la entllled to equal opportunity with other banka of Salt Lake Cite tor transacting buelpeee. without with-out eiibmltttng to rula. of conduct that compel a delegation of authority over Its arlait-j to other liven lie director., and without being forced to place it. elf In restraint of either Internal or Intra, .lata trade." i and monay and meeaeneera, eomethlng '$1, Tot r""rl of any ether bank of Belt Lake City." Mr. Armatrong gave an Inatanre . of the aRorta of tha allied banks la In i jure the bualneaa of tha National Cooper a traneartlon wltli tha Klrat National bank of Park citv. owned hv tha atock-h'hrtere atock-h'hrtere of tha National Coppar. The National Bank of lha Kepuhllc held 4 a check on tha Park City bank, and Instead of sending , tliein for collection tn tba uaiial way. lha preeldrat and vlee prealdent took them lo Park I uy. yia aented them at the caahler'a window and demanded the cash, and It waa well known to cttlaene of tba town that they were going to preaent them. Aakad if they ware paid, Mr. Armatrong aald they ware, but auch procedure compelled com-pelled them to kevp a caeh raeerve of front 11 to tl per cent, whlla the law only called for I per cent. An offer had te en made hv tno National Copper to ray tba checka In Salt Lake City, with out having them sen. to l"ark City. Question of Stales. "On October St, 1910. th Copper bank raeelved a letter from the Salt Lake Clearing Houaa eaeoolatlon." aald Mr. Armstrong. In reply to Mr. T'ntermrer. ".tating that It waa contrary to banking at hire to solicit depoella and account, where the d -poet tor. had eetabll.hed hanking aeeommodatlona. All enilcliation or auia accoutila waa barred under penalty pen-alty of fine, ranging from t.'-ea to t1m0. Tha payment ol Intereat on cheek depoelt waa prohibited. The giving frea of check hooks waa not permitted Wa ware a new bank ompeUng with older banks and wa were alter buatneioi.' "What did you do when van got thl. regulation from th clearing houae?" a.ked Untermyer. ' "I error e the aecretary nf the a.encta. tlon proteettnr aaalnat reantl.tlon and re. fn.lna to oomnlv with It." aald Armatmne "1 received LO'lcy that the rule wou'd h. enforced. Other enaetlnge of the aa. eoctatlon wera he'd and a naw regula tion eonlnlnlna tha nhtacttonehla fea turee of the ohl teauletion and other. . ancallv bad ware praaante-1 In January. 1il The Cornier hank refuaed to vote . op thle new raau'etlon We could not , etibeertba to the rioclrtne that tha pae. ment of Intereat an check accaont. a a. de A-alfata; to the benWIna bualnaaa" War tha eMa beelra Itaylpa Intaraat eie ai e.d Mr, Untermyer. Opposed tb Regulation. ' "1 have been Inform eg that the were. My tank ordered me lo eppuee the aew legulatlona of tha c earing houae on th firound that thay ware In violation of the w again.t reetralnt uf trade and com. meroe, eenetirutlng en Illegal eombina tion and con.piracy. A teat ca.a involv Ir.g the .am. principle was than being tried In Allegheny county, Penneytvaala, og.lnat tha Pltl.burg Clearing House aa. aoctatloa' "What hoprened thenT' demanded tn-termyer. tn-termyer. Than earn a demand for our with, drawal from the Clearing Ttou.e aeeocla-tirin." aeeocla-tirin." raid ArmRtrong. "We refused to wtlhdraw. Other meeitnga of the aao. ctatloo ware held. New rule ware offered of-fered n. We refuaed to .Ign them. Then ' la Jul kaet ma old clearing bouse die. bualneaa. Nearly flva montha later, on October U. a letter waa received from tha aecretary of the clearing houee. j,. H. rarna worth, Inatructliia tha National Copp.r of tha ad,tion of the following preamble and rule; -a".Wh.r " ' contrary to tli ethic, or banking to aollclt lha account or huai. neaa ot any cuatomer where banking relatione bate alrra.ly been eelal.lehed; therefore, ba It reaoKad, lhat the follow. Jng be Inaarted In the rulea or the Halt Lake City clearing houee. to taka effect linmeillatelv, and shall be daelgnated a aectlon 10. B or rulee: "Hection 10-n. No bank official, director, direc-tor, egent. attorney or employee ahall aollclt. by ortertng er-ecl Inilueemenla or other monetary consideration, the account ac-count or bualneaa of any eualnmer of another bank where l-anklng relations have already been established?' PetiaJty for Violation, In tb aeme letter the attention of the JV"" ".!)! lo eetlon II o' rulee. which precrrlhed a penally of a 1500 line for tha flrat violation of any rule of the clearing bouaa, a tin. or Horn) tor tne second oftanse and exputelon tor the third offanee. On November lo the National Copper JSrV ivly ."f io ,h eJearing h2uf .l?,.0!!u,,, " ergumant to the ettact that the reeolutlon preceding the pit) poeed rule waa not true In point of ??f ? proteet aealnat'the ethical rule laid down. A. to the rule u.eit. the National Copper efnr-iale aaeerted it to by vague, indeflnita and Incapable of application. Mr. Armatrong concluded conclud-ed hie letter with Pha atatement: "We are unable to determine what ia meant, what It Intend, to convey or what una of conduct It aim to Impoee upua th mambera of the clearing houae.'' Kula Unchanged. Four day later, on November It Mr. Fa me worth, aa aaoralary of the clearing houee. replied, elating lhat en that day a meeting of the clearing houae had been held and that Mr. Armatrong'. I.ttar had been read am cenalderee. Mr. Pama. worth added lha further cheering In-foimntlou In-foimntlou lhat by daclaloa et Ihe clear-Inc clear-Inc houaa member rule le-B wa In eftect and would remain In force uaul changed by the aeeooletien. Mr. Armstrong', knaf adde that at a IV""0' IS Cl"ng Heua aeeocte-tlon aeeocte-tlon held in December. I10. tha Nattenal Copper ralaed the oueatloa of rula 18. B. and that after dlseusaioa the rule waa referred to the executive oo remittee enik inatrtietlone to prepere n4 submit a aew rule at a future meeting Thl new rula. ?? M7i BO ubmitt until January It. IM. though may me.tln.t ,f the clearing house had keen held tn the Interim. The National Copper reoreeaa-tjuve reoreeaa-tjuve refUMd at the lint to vole on the propoeed new rule until he might receive the advice ol the director and eeunaal of the bank. Keeolutlon Pojeed. Th reeolutlon praytdlna tor thle rule read aa follows: Wheraae. It I. recogni.ed that fair competition In the banking bualneaa. ae lu all others, la a waU-eatahliahed end de. treble' principle, the eoilcttlna; or bid. ding for eceotinl subject to check by oflerigA to pay Intereat on daily hal. . .... ,, ,v i wiwnunni banke. Including raftiaal lo accept cashier rhecka of ucn enrreepondent hank, made payable lo National Copper bank. "Thev agreed to require and did re. outre the National Cupper bank io In-Jorea In-Jorea In writing each and every Item or check preeanted to them, such Indorsement Indorse-ment to be en authorised signature. "Each eesocleted bank In newer to direct di-rect iimulry made by the cashier of tb National Copper bank on July ij. 1.12. declared Ita Intention to adhere to the agreement of the clearing house mem-bere mem-bere concerning exchange nf business with National copper bank: and the heal Ipforinatlon obtainable by the National Copper bank ueuaed it to beiley. that this agreement of th associated banks aas made lo eoeroe. punish and diacl-Pllne diacl-Pllne the National Copper bank by unduly un-duly restraining, delaying and Interfering Interfer-ing wttrt Ihe ordinary end usual course of buelness relating t the movement and collection of check e end Heme of both intrastate aad Interstate nature. Offer DecUneo. Cacti of the essoetated hanks declined the after of the National C aper bank to aet and nay In ca.h all checka or Itama crewn on ejclualra eorraapondente of the National Copper bank, but aent such Items against auch eorreapondanta of the Natlenel Cotiper bank through ax-nreee ax-nreee enmpanlee and In more or lea roundabout manner for collection, for th. purpoee of deatroytag and disturbing th relatlon.hlp exl.tlng between th N. ooai Copper bank are ta eorreapond. eat banke 'Tour dtreeter of the National Cor par bank are director In the Plret National knS of Park C"T. UUh. Therefore, end or no other raaeoa, the eight clearing b ti baaka. anting eoneertedlp, sought to injure end haraae the Plret National bank of Part. City by unueual and annoy, lag praoucae, malicreuaty eaieulatad le raetreln end delay the uenaj movement of that bank a bualnaaa and to injure it In the eetimetlen of Ita cuetomer. Oon piracy Charieel. "Following these ' act., emplovaea of certain bank, inembere of the new clearing house eeeoclallon. In apeach to cuatomer of th National Copper bank, oiiaraclartsed. It aa au 'outlaw' beak, aad |