Article Text
NEWDEPOSITS ACCEPTED AT DE PERE BANK Special Service Offered to Business Men During Recess. DE of the Wisconsin banking had not arrived today begin an examination of the State Bank of De Pere, which inaugurated 15day moratorium because of heavy withdrawals by depositors, and they may not be late in the because of busy other banks, which are in similar situation, is Services of the examiners have been in demand since banks number of Wisconsin cities declared holidays moratoriums. but the banking department is making efforts to do the work as speedily possible so as permit those banks to make declion on what course to pursue, relative continuing business of liquididating, by the De Pert bank's cashier, Carl Scott. New Deposits Accepted Until an examination made of the bank's affairs, nothing can be done. the are gone the will suggest the whether would be desirable to probbably by calling for an assessment or to liquidate, said In the meantime, deposits of proximately $750,000 are tied up, but the bank banking service for which can no compensation form, as money can not be loaned. Deposits of new are being accepted, and all of that money segregated, is handled as "special account by the bank, and can be used in the ordinary course business the depositors Checks may be drawn against such deposits. Business men, in number of instances, accounts yesterday, said. The bank. and its west side branch, cashed about 000 of checks, all drawn on outside banks, to date patrons. That service will be Paid Out $470,000 Troubles that brought about the the the McCartney bank at Green Bay, said by Mr. Scott in speaking to the De Pere Rotary club yesterday at its noon luncheon. Depositors about $470,000 since the McCartney bank suspended until the books of the bank closed Saturday night, he stated. Since first of this year the amounts to $40,000. Much of the money withdrawn from that bank, and from banks throughout the country in the last few years is in safety deposit boxes, in the opinion of bankers and banking he The State bank was organized 1900, and at one time its deposits more $1,500,000. Its loan business for the greater part has been with and farmers in this The of the by the state will show the be in excellent condition, the cashier said. The Bank West Pere is carrying business usual today and the cashier. John Stengel, said that were not withdrawing money sums large enough cause the directors to consider moratorium