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Depositories May Resume Business, Authority S A telegram received here yesterday from the governor of the Federal Reserve Bank at Richmond, interprets the treasurv regulations of March as cancelling all limitations on cash depositories except that they should use their influence to prevent hoarding and payment of In gold answer to the query of B. H. Harwell, president of the South Carolina Association of Depositortes, and also president of the Carolina Cash Depository in Florence, George J. Seay, Guvernor of the Richmond Federal Reserve Bank, telegraphed the following interpretation of the presidents proclamation as applied to cash depositor"Treasury regulations on segregated deposits are not subject to restriction. "This interpretation." Mr. Harwell said. "has the effect of endorsing the action of the local depository which has been carrying on regular banking operations since March Mr. Harwell stated last night that all depositories in the state would resume complete operations immetion of Cash Depositories is in receipt of letters from all parts of the country asking for information in regard to the opening of depositories, said Mr Harwell. 'We look to see legislation of national scope, bring out the depository on a national scale. It is the one form of bringing out the depository on nasafety The Federal Reserve Banks have offered fullest cooperation in assisting depositories in the transaction of banking business. he