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Local Corporation Head Withdraws Check Notices The practice of sending notices to persons in Florida whose notes it holds, announcing that the Mortgage and Acceptance Corporation of Baltimore is "forced to discontinue accepting checks drawn on any Florida bank." has been discontinued, Guy F. Muse, vice-president of the automobile financing company, said last night. Complaintsfrom the office of the Comptroller of the Currency, Washington, were received yesterday, Mr. Muse said, and a request to discontinue the practice was granted. "In fact, no noticeshave been mailed." Mr. Muse asserted, "since objections by individuals and banks in Florida, attributing the banking situation there to our began to come in about July 6. Prior to that several hundred such notices had been sent.' No Reflection Intended. The intentions were not to reflect on Florida banks, Mr. Muse declared, but rather to protect his company and also Florida banks on which number of bad customers had drawn checks. "At the time this notice was sent out in personal letters to persons in Florida whose notes we hold, we had information that twenty Florida banks had closed, one of which was national bank in Palm Beach," Mr. Muse said. "The notices were not circulated in4 discriminately as alleged, but were sent as private communications to our notemakers, requesting them to pay by postoffice or express money order rather than checks on any Florida bank. $20,000 Tied Up. "The banks that had closed already had tied up about $20,000 for us, and, when the notices were sent, the amount was increasing about $1,000 each day. "Our business so far has not been affected by the Georgia crisis, and no notices have been sent to customers in that State. "We have been accused of taking money out of Florida in cold blood. Instead, we have loaned more than $10,000,000 to residents of Florida during the last year to finance automobiles. Through our financing activities 15,000 automobiles have been placed in Florida in that time. Holds 10,000 Notes. "At present we have about $3,000,000 outstanding, for which we hold the notes of approximately 10,000 automobile buyers in Florida." Mr. Muse named twenty-two banks in fifteen Florida towns and cities which, he said, had closed or on which there had been heavy runs, according to information received from the corporation's representatives there. May McAvoy Has Breakdown. Los Angeles, July 15 (AP).-May MeAvoy, screen actress, has been confined to her bed for week with a nervous breakdown, it was learned yesterday. Her physician said her condition was brought on by overwork and that it will be a month at least before she can return to the screen.
