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Now Realize That Four Banks Were Bulwarks Sections APPRAISALS MADE FOR TWO OF BANKS Will Attempt to Reduce Loans and Deposits by Interchanging One for Other, Then Guarantee Remaining Deposits; Colerain Most Hopeful, Ahoskie Trying, Winton and Murfreesboro Await Auditors' Reports Quite generally through this section the belief is held that The Bank of Ahoskie. The Winton Banking Trust The Company, Bank of Coleraine, and The People of which have suspended business in recent be reopened and continue business as usual should the decision be reachby stockholders and directors that this is the propstep to be There is none who believes either of the banks were insolvent. and that whatever losses they have suffered have come from the shrinking of estate values which most of their paper is based. But for the working of the public mind, that believed all banks were headed for the rocks, neither of the four would have closed. Bank officers in each tówn, enjoying the highest confidence and in each case representing the best business element and most conservative individuals of the communities involved, could have liquidated the real estate and can do so minimum of loss, it is believed. Whether all of the banks or any of them will reopen is question that rests first with the Banking Department and then with communities involved. Having caused the banks close by withdrawals and placing them in position of having to guarantee every cent of money on deposit at time when the public mind badly warped safety of banks general, the panicky public faces harder task than would have if it had permitted the banks to continue operation work out their own salvation. The cry is "we must have But they have by closing substantial, conservative bankmade it doubly hardigo have the bank they now for. Efforts are already der way in Colerain, Ahoskie and Winton to salvage the closed banks and rebuild-on the old strueture. The plan adopted at Coleand Ahoskie to reduce loans and deposits by like amounts the paper by banks to a point where the remaining deposits may be guaranteed 100 pèrcent. It new plan for bank openings so far as known but when presented to the Banking by delegation of citizens last Friday Raleigh struck him as reasonable and sufficient merit to permit thorough trial. Following sion of business men here last Thursday night at which time was named confer Hood, the local men went to Rhleigh and presented the plan. Appraisers were here. day, Saturday, complete appraisal made of the bank property and all paper held by the bank. Conferences have been here this week to discuss the plan. The report praisal is not known though unofficial information that the paper found good even (Continued Page