| Show billions in checks the great bulk of all pay payments ments ao 10 this country involve a debit on thi tho a books of a bank mostly they are inadi by means of a check which Is cl urged arged to the drawer s account rec or d e d clearings of bank checks last aas Y j amounted to a hundred and eighty odd 1 billion dollars but as we ment mentioned lOrle j a little while ago clearings involve only those checks that are deposited in rome some bank other than the one upon which they are drawn and in cittel cities i large arge enough to maintain clearing ouse associations an investigation by bradstreets in ln 7 cities indicates that total bank debits are two and a half times mhd amount of clear clearings I 1 ails Is would imply that khat payments made last year through banks in cities large enough to main lain tala clearing house associations were pearly nearly 00 the saturday evening post observes add to that payments ay mentS in lesser cities and towns and nd you will wili have an approximately correct correct notion of the amount of money which passes from one hand to another in in the course of a 1 year the amount that in one way or another we pay ouri our i delves for all exchange of goods S erv I 1 tees ices and so on it makes a prodigious pile |
