To illustrate communication between banks in the remote points allow us to assume that B Haverhill,

To illustrate communication between banks in the remote points allow us to assume that B Haverhill, Weight., who holds its money for the deposit in the First National Bank of that city, sends the check in S Waconia, the Nobility., in the payment of invoice. S brings the check in Bank of Farmers Waconia and receives the direct credit for it in its bankbook, all the same as though the check has been delayed on the same or the next bank. Contributions to bank of Farmers the check, with other checks, in, say, First National Bank of Minneapolis, or it can send the check to its correspondent in New York - speaks the Ninth National finding-out to which will attribute quantity. For the sake of an illustration, assume, that the check is deposited with the First Compatriot of Minneapolis. Now, this bank has a correspondent in Chicago - the Commercial Compatriot - and the correspondent in New York - National Bank of republic. If it is sent the Commercial Compatriot, this bank has a correspondent in Boston - Bank Eliot where the check would send. Now, the first Compatriot of Haverhill has a correspondent in Boston - the Compatriot Respects Bank. Bank Eliot possibly took this check to the Boston clearing house as charge against Respected Bank. The respected Bank would subtract quantity from the first Compatriot [253] deposit of Haverhill and would send the paid check in
Bank of Haverhill where in end of month it would be handed over B, showing on a back S, and printing representing all banks through which hands it has passed. If the bank of Farmers Waconia has sent directly to its New York correspondent, the Ninth Compatriot this bank would send to its Boston correspondent, Northern Compatriot, and the check will be being 'under a high' through a clearing house against Respected Bank. If the first Compatriot of Minneapolis has sent directly to its New York correspondent, National Bank of republic this bank will send to its Boston correspondent, to Compatriot Shawmut, etc. As a rule, banks gather any route, it seems to the most convenient or favourable. It is considered, that millions dollars are lost to banks every year because of time consumed by checks in a way.
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VIII. COMMERCIAL CREDITS AND COMMERCIAL AGENCIES
AS TRADE IN THE WORLD IS SUBSTANTIALLY SPENT AFTER THE CREDIT