CLEARING-HOUSE

an institution connected with banks and railways. In the former case it is an establishment in large cities to which each bank connected with it sends daily, in order to A have its busine with the other banks adjusted. clearinghouse was first introduced into London in 1775, and in 1874 the Stock Exchange clearing-house was formed, which widened the connection. The Railway Clearing-House is an a ociation which allows the various companies to carry on their traffic over different lines.