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S. G. McMULLIN MADE CLEAR TALK ON BANK SITUATION TO B. & P. W. CLUB WOMEN (By Isabella Cunningham) Attorney Samuel G. McMullin, member of the board of directors of the Grand Valley bank. made an excellent talk explaining the banking situation in this city and all over the world last night the members of the Business and Professional Women's club at their meeting at the Hotel EaCourt. Mrs. Mabel Myres Shull made brief talk explaining the club emblem and Miss Yvonne Zinn gave clever reading on the program which observed national business women's week. Mr. McMullin explained that Grand Junction had never been "high-pressure" town and that the morning after the United States bank officials decided to close because of outside ences in other states, Grand Valley bank officials did not expect run the bank but decided after an hour of withdrawals to abide by the moratorium for the protection of other depositors Mr. McMullin explained that on March 1931, deposits In the Grand Valley bank amounted to 1,875,000. on March 1932 deposits to or $525 less, and on March 1933, the date the bank closed under deposits ed to of more than 50 per cent in two "The same conditions exist all over the United States and other nations, people deciding to do business independent of banks. The condition was brought on here by & variety of crop failures, no sale for fruit. cattle and sheep, decline in business and cutting down of the railroad payroll For several months past, per month in R. money has been spent in Mesa county to take care of those who are victims of the economic conMr. McMullin explained these conditions but stated that he with others looking for an uptrend, that this valley will again and that the six prosper Turn to Page