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North Chicago News DALZIEL SOUNDS OPTIMISTIC NOTE Favorable Audit Quells Fears Of North Chicago Bank Depositors. Sounding note of optimism, W. R. Dalziel, president of the Lake County State bank of North Chicago, today declared that the closing of the Waukegan State and Waukegan National banks have had very little effect on depositors of the local bank. "We have had fairly moderate withdrawals during the past two days," Dalziel said, "but no heavy run is anticipated.' At 9 o'clock this morning when the Lake County State bank opened its doors, not one person was on hand to withdraw their money from the North Chicago banking institution, it was learned. Announcement that the Waukegan National bank had closed its doors this morning, caused some flurry throughout North Chicago, and small number of depositors made withdrawals before noon. Increased withdrawals today, however, were attributed to the fact that number of people became excited when they learned that the bank was crowded with people. President Dalziel stated, however, that one of the local industries paid its employes today and most of the business transacted consisted of cashing of checks. Directors of the Lake County State bank and number of the large stockholders all expressed confidence in the financial condition of the North Chicago bank. "Two weeks auditors made careful audit of the Lake County State bank," Dalziel stated, "and the report was most favorable. A note of confidence was expressed at noon today in the lobby of the bank when James F. Stiles, director, and President Dalziel addressed group of depositors who had intended to withdraw their money. Both men stated that the bank was in sound financial condition and depositors were in no danger of losing penny of their money.