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Rural Banking Situation Well in Hand; Depositors Show Cooperative Spirit Scott county rural banks, many of which cleared some of their financial transactions thru the American Commercial bank, reported this morning that conditions in their communities did not indicate any restiveness on the part of their depositors, whose confidence in the banks permitted these institutions to continue business today as usual. The Bettendorf Savings and Buffalo Savings banks this morning announced that 60-day notice would be required against withdrawals of deposits. In both instances, bankers explained, the action was taken to forestall any crisis that might be engendered. In all the banks patrons were offering money for deposit, final conclusive evidence of their calmness and confidence in the institutions with which they did business. Inquiry at the Walcott Savings bank, the Blue Grass Savings, Dixon Savings, New Liberty Trust & Savings, Farmers bank of Princeton, Eldridge Trust and Savings, Donahue Savings and Long Grove Savings revealed that business was being transacted this morning without any indication of alarm over the city situation. A. H. Moeller, cashier of the Bettendorf bank, that the 60-day notice applied only to savings deposits. Commercial accounts, he explained, are not af fected by the decision of the bank officers. Rudolph Schroeder. president of the Buffalo Savings, said that action of his bank in demanding 60day notice against savings withdrawals was not reflective of any unusual demand for deposits, but step decided upon to forestall situation that might be incurred by the Tri-city developments.
