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SCRIP PLAN HERE AWAITS NATIONAL COURSE OF ACTION Currency Exchange Moved to Pyle's Office in Former Savings Bank Room. SAFE DEPOSIT BOXES OPENED TO HOLDERS Many Business Firms Accept Checks, Giving Their Own Checks as Change. Issuance of certificates in Waterloo similar the clearing house certificates which are being prepared New York City which being Monday city thru the ond business day of the banking Such move was discussed length Monday by Miller. cashier the Waterloo Savings bank. Lane. chairman of the committee three pointed Saturday by the Retail Merchants Would Require National Setup. order for such system be effective than locally. chanics such an operation would set up by the national banking department and carried on thru the banking centers of Chicago New York, was declared. Issuance the Waterloo Savings bank of certificates in return for checks against deposits was not considered likely, This could be ordered the national banking department, but unless part national scheme would not great value outside the community. Change Available. The exchange established the office the Waterloo Daily Courier was day the office of Pyle. bank receiver, the former terloo Savings bank quarters at Fourth and Commercial streets. The change service this location open during banking hours, m., during the remainder of the moratorium. Many business firms Monday procuring small bills and there for large bills. Return Surplus Change. Firms more change than they need are requested to turn the exchange in turn for bills. order that the small change community may be kept in full The ability of the Waterloo Savings bank to obtain from Chicago fortified the local situaSavings deposit boxes both in the Waterloo Savings bank Commercial Safety Deposit company quarters were open to boxholders available the sources which had been placed them for safekeeping. Many Accept Checks. Business continued on nearnormal many tending credit to who had had charge the past who were to establish their credit ratings. Many firms accepting checks in payment for merchandise services. but cases where change was required were giving their own checks as change. The Waterloo waterworks cepting checks. The Public Service company taking checks payment of gas and electric those who tender checks are being granted extension due date that they will receive the usual Early Filing Urged. Immediate filing of income tax returns, the bank moratorlum, urged Monday by Leon Livingston, deputy collector internal revenue at the Waterloo federal building. Checks are being accepted in payment taxes, said, in the same manner as in former Some possibility seen that checks, and perhaps particularly checks federal government, will given preferred rating under whatever conditions the banks No authority for such statement available, but pointed out who pay their income taxes by during the moratorium certainly not have lost anything by that procedure at the local office, but sufficient to permit all potential taxpayget their returns filed March which is the final date set filing. 'Phone Business Jumps. The of the national holiday combined with the telephone books the day the western Bell Telephone the past eight Weigel, normal number said jumped up cent normal total of 900 long distance calls was increased 35 cent. order to meet this extra started the early and continued long Felice Luxe Martin machine
