Article Text
ness resumed on an unrestricted basis. Previously the banks had satisFederal State banking authorities of their healthy financial condition. terminathe holiday had an diate effect upon business in New with merchants reporting their customers were flocking stores in large numbers. Eight banks county did reopen for business but this not mean that they open. banking circles that these banks will open two under the "conservator plan" of the Federal government. The banks that did not reopen First National Bank, Carteret; Metuchen National Bank: Metuchen; First National Bank, Perth Raritan Trust Company, Perth Amboy; Amboy Trust Company, Perth Amboy; First NationBank, Fords National Bank, Woodbridge. Bankers in city and vicinity expressed prised the small number of The those depositors who had short cash during the holiday period. The deposits came from large corporations, merchants and the workingman. The confidence everywhere. The who gripped before the holiday took back hoarded cash, and those drew money the Middlesex Title Guarantee Trust Company and Citizens tional Bank were anxious make clear they going immediflected the attitude of the bankThey were under considerable strain during the past while their banks closed because President's mation, rapidly shifting scenes which followed in banking circles in nation. This strain snapped this mornwith of bankand the bank officials were happy mood. were gratified during holiday the spirit shown this the The county banks that passed Federal State offices received licenses during night early this morning, and bright and early Continued on Page Nine