To illustrate communication between banks in the remote points mass-media, Pennsylvania who holds

To illustrate communication between banks in the remote points mass-media, Pennsylvania who holds its money for the deposit in the First National Bank of mass-media allow us to assume, that B, sends the check in the payment of invoice to K Southern Evanston, Illinois. K brings the check in Bank of Citizens of its city and receives the direct credit for it for its bankbook, all the same as though the check has been delayed on the same or the next bank. The bank of Citizens simply sends the check, with other remote checks, to its correspondent, National Bank of republic, Chicago, on the deposit, in many cases in approximately same sense, that K has brought the check in Bank of Citizens. The national Bank of republic sends the check, with other checks, to its New York correspondent, Bank of National park. It can probably send to direct Philadelphia, or even in mass-media; but it is very improbable. The bank of National park sends the check to its Filadelfijsky correspondent, to speak National Bank Penn. Now the clerk of a clearing house of Compatriot Penn bears the check to the Filadelfijsky clearing house and enters into it, with other checks, on the First Compatriot of mass-media. The custom, however, differs very much very much on this detail. Many the next banks of the country are cleared through city banks; others are cleared less directly. If the First National Bank of Philadelphia is known in a clearing house as the representative of the First National Bank of mass-media, at it it is probable to eat the money belonging to it, mass-media rely on the deposit. In this case the check is being 'under a high' against the account of the First Compatriot of Philadelphia. This bank then sends the check to the First Compatriot of mass-media with which it is being 'under a high' against B. This system of a collection of checks about so fine, as post system of carrying over of the registered mail.