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OPENED Institution Closed Since The Moratorium, Resumes Business Again Today. The First State bank of Zion, closed since moratorium opened today and further relieved the financial pressure started seriously in the county with the banking moratorium March William Finn, president of the bank, which 1906, made the that the stitution was open for general busiwas its financial setdecidedly Cash set bonds the closing of the market last The bonds in question were purchased an vestment the unfavorable economic condition. None in Loans Total $31,000 The straight loans represent and incidently during the history the $950 in loans "written which splendid timonial the character the Zion people, the opinion of Finn. The estate loans represent $56.000 the assets the and Finn explained that the bank never lost dollar on any of real estate of our appraisals have been very conservatively made, proved independent appraisal just on our loans which the cases be higher we had Finn said in discussing the realty loans. Cent Deferred "When the bank opened had capital, and undivided profit liability $113,000. This deposit liability does not take into dedeposits per cent. which are paid the future earnor the the assets the bank Against this liability are shown Finn said "Our and people in our wonder not opened We have opened the first day the moratorium lifted had vested the funds our loans rather listed bonds. Good banking practice, however, has been keep estate loans down consistently done serving the community and the bank's estate loans cannot liquidated time nancial stress: since there no declared market them, included in the bank statement Bonds In Default "Listed bonds market and. according the ruling the auditor public of the moratorium. had preciated the market value. Our being about was necessary that amount deferred deposand from stockholders Since none these bonds default can believed that they will return again the price which and they when this occurs the deferred deposits will paid glad this time to express the people have shown for the fine cooperation they have given the loyalty people having never made the bank that prompted outside that the who do not our contribute the which helped reopen bank an indication mention how much can accomplished aside personal interest put common good. We and independent bank thy the confidence of everyone," Finn
