Twin Falls Bank & Trust Co. v. Pringle

During ten years or more immediately prior to and on December 2, 1931, the banks of the City of Twin Falls were organized into a clearing house association. Section 9 of the articles was:

“The hour for making exchanges shall be 10.30 o’clock A. M. of each business day, (except on the last business day of each calendar month when it shall be 9.30 A. M.) when the Clearing House clerks from the several member banks shall report with their respective demands, separately made out against each member in detail and the totals summed up. The work of clearing shall not be delayed longer than ten…