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M'GERVEY CALLED TO CLEVELAND FEDERAL RESERVE group of six bank examiners under direction B. Pressler arrived the Third National bank Thursday afternoon to start going over the stitutions' books. While no word had been received Chapel here Thursday morning regarding ticut. the time bank examiners would here to look into the records of the Third National Bank and Trust company, Walter McGervey, con- servator of the bank, was called to Cleveland by the federal ficers there. He left with Turner, attor- ney and director, and John Huffman, director. What the purpose the the trip was was not disclosed the the summons to come to fever While the bank here was without any further information as to why had not been granted license along with the other two national banks, the call to Cleveland was looked upon as perhaps leading something definite toward the lines reopening on normal basis. The bank was placed in the hands McGervey as conservator Tuesday morning, and since that time has been operating on restricted basis. McGervey had been informed when in Cleveland early in the week that national bank examiners would be here shortly, and believed that this meant possibly within week. Those officials at the bank here Thursday morning reiterated their stand that they did not know by what "yardstick" the banks were being judged for licenses and that they could not see wherein the Third National could not measure standard bank practices.
