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American Bank Reopens Doors; Many Depositors (Continued from page ple of El Paso have demonstrated spirit in cooperating them. absolute confidence in this bank. personal deposit shows what think of from personal standpoint and the deposit of not less than which make, will show what think of the from an official viewpoint. Dr James Richmond the put in $2500 have put Dr. Richmond, had had more is virtue not the human being but depositors, representing than $2,000,000 deposits of the Trust Savings bank, and who have, by the made opening have mani fested unselfishness and loyalty their home town their which without "Representing they do finanthe bank than four times stock, assume these same loyal and women continue their support to the in they vitally interested, more quickly discharge its to resume its place needed in this Kelly, stepped made substantial the things El which Mr. Kelly the manner reopening. cities the Paso the best United States. regrettable that show as much the city do outsidconfidence as latter large sums in of the Sherrod LumNixon, the ber made stated company deposit would the many who be am bank, said one best things that happen for Paso. demIncidentally, onstration that cooperahave this the beginning the which will mean for this who jumped into Oscar the with him by staging the recent was first Pasoan to open new account with the bank. "The officers of this bank have said Mr. Strobel. "They never ran away at any time and for that reason with them. like the spirit they demonstrated. It is the spirit which Mr. Strobel wrote out check for turned over to Jack Donahue, assistant cashier. "Please place that credit Strobel Donaup an account. business people shown the spirit that the officers this bank shown them think Paso should feel the same "The best thing that could have happend for this Art Wilke. putting all could scrape this Anthony Sun Drug company, put in three deposits. Isaacks made deposit of $600. W. Still put like amount. W. made $2400 deposit. There were number at the dows immediately after the bank opened drew out all they permitted under the agreements, but deposited more than offset these. There many did not take the total which they could have. just had to have some money," remarked of surprising that people taking Borders. of them have been without for 30 days." There number at the note window on their notes. Among the wires from Traypresident of the American Bankassociation of the First National bank Chicago. Mr. has been close personal friend Borders years. His Congratulations business.' Col. Morris. head of Morris company the Morris interests, wired from "Awfully glad Have deto hear your $1000 credit with your First National bank here. Kindly open account in my name with your Ebbott, vice president of the Seaboard National bank New York, wired: "Glad have your wire that front doors are again business. accept open assurance of good will of this instiStandish Hall, president of the Wichita, was of the several out of town came in to congratulate did the other banks send flowers, but these made personal call at the bank to conthe officers diretcors on the made in the American Trust bank and the future subject check at 100 cents time, James Borders said. partial withdrawal plan them. Deposits in the bank today nearly million greater than when the bank closed and $600,000 that amount represents capital brought into El Paso, officials changes in the officers of the president the Abdou Produce company and owner of the building which the bank has to the board of directors sistant cashier Henderson has as that the guaranty fund bond plan safeguarding checking deposits by the state legislatuer Bor ders stated deposits Trust bank are under Under this plan stockholders the bank are liable for twice their amount capital stock. The bank since March, 1925, has been under the guaranty bond plan. Officers the bank signed $300,bond guaranteeing depositors. In repealing the guaranty fund guaranty bond for the guaranty bond to run for one year. Mr. Borders does not know whether means that the bond continues force from the time was signed or for year after expires. right now have $410,000 in than when Mr. liable the bond and have total of $710,000 That the bank, don't long that runs this open of protection that bank State law in bonds, bonds, or first ment state estate bonds which real the estate has double the value depositors cannot penny in bank because feature. They would have been off of the bank had closed.' Mr. Borders made public letter from board of directors Chamber that duced by P. Putnam, adopted the El Paso Chamber Commerce and the Trust the are doing Paso the that that all the and assist directors the American Trust bank reopening doors for Harry Henderson, former vice president the bank, arrested January 16 on charges of embezzle Officers of the bank at once anthat trans bonds, and that the surety bank's would be no way affected. deposits and days after Henderson's arrest bank's doors were closed the directors with declaration that this was only for the The solvency of the institution reasserted. bank would reopen was first Mr Borders 29. that time, the the and state staff have been working constantly on the plan.
