Show I IThe The Clearing House and the Bank BankI Bank Data by E A A James Bank Examiner for the Salt Lake and Ogden Clearing House Associations T NO S 3 The leadership of ot tho the Salt Lake CIt and Ogden Cle Clen Ing House as- as association as association in local banking activity may n bo be to the tho primary fact that It It is a II voluntary association association tion organized and maintained for forthe forthe the tho sole purpose of the thO relations of ot the tho city's banking Institutions and of or holding I I to o the higher standard of ot efficiency in banking Wherever there Is a I clearing 00 ring house the same came leadership obtains Dominant over nit nil other consid consid- considerations oration there thero exists the spirit of operation co operation which Involves InvolveR the to subordinate self interest to the general and weal and a 0 broad and end voluntary acceptance ot or con constituted author author- authority It ity It follows then that inin In the Clearing House Is a seal scat of merit a n badge of bonol honor honor-a a to bo be sought a reality to be expected by the tho public of its banks Being a a voluntary as association It Its government Is entirely the and democratic There Is no distinctIOn between members The Tho large bank and the small Institution institution tion arc are received d on the same sl b I No member yields y anything to the rule rules of procedure All Allis Is des de devised and executed d only for Cor forthe forthe the good of or all for the banks themselves and aad ind more for every bank depositor In the community Relations with banks of oC other cities the tho roster ot or cu customer the amount and kind of s In hand all all these matters are ot of no official interest to the association or its members Actually they are a never revealed to even the clearing clearinghouse I committee except In an even even- eventuality eventuality eventuality where the banking health of the community may be en endangered endangered Ian Ian- and in that case it is to hO be supposed tile the first In Instinct of or an Impaired bank banI would be to address the tho governing body for forbid aid It hr his been shown In a previouS BrUcie that tho the origin of the clear clear- clearIng clearing ing house Idea Idel lay In a II desire delre to simplify the balancing bala ln of debits and ond credits between banks Thus Thull I the Idea was as wholly hOlly utilitarian In Its beginning Tho The spirit of or helpful helpful- helpfulness ness between member banks 1 and the conception of advancing the financial health and happiness ha of the tho community were later laler develop develop- developments developments ments As the idea Ideo has and grown into these deeper ex- ex x e of ot public service it may maybe maybe he be stated with conviction that they have now become of wider ulti- ulti ultimate ulti ultimate mate male value than the merely routine cheek check of Items So the indis ban bank Ie which rehn relinquishes no atom of or its individuality by virtue of It Its clearing house mem mom membership membership I finds on the contrary that t its usefulness to Itself to Its and to the community as asi t I whole Its Ita materially enhanced by this active operation co-operation with other banks ot or Its own city In keepIng the financial situation sound In Salt Like City Cily and antI Ogden to- to today to today day interest in the Abc Clearing house IU associatIon is no longer confined to those 1 abe nho ho make banking tle the pro pro- profession pro profession Thc The man on the street to whom the association formerly meant nothing but a a mysterious al agency ncy which had something to todo todo todo do with his checks Is now think think- thinkIng thinking ing lag in terms of welfare personal and public Mr l crago Man noW enjoys the consciousness that the Clearing House association is an aggressive force for tor good an es- es es element clement in our community without which neither he be nor his could feel the security that must accompany the basle basic Id idea of banking Editors mitor X Note w This is the third of n II series of fi five fhe C articles by Mr on In th house that Ill appear In ill The 1110 Standard Standard-Cx- Standard Ex |