Article Text

RELEASE OF SMALL DEPOSITS SOUGHT Linden Bank Receiver Asks Permission to Pay Accounts Under $10. Permision to pay all of $10 or less 100 cents on the dolis asked in suit which has been filed in circuit court by E. Clair Reid. receiver for the Linden State bank After taking an inventory of the of the bank, the that loss to larger accounts will be nominal Payment of the small deposits in full will be of advantage to the bank the points out, because of the smaller amount of work which will result in the handling or accounts There 40 of the less than 10 in the bank, the deposit the per cent of the depositors being less than per cent of the on deposit The figures show. the receiver says, that there are 175 deposits which aggregate only The advisory banking commission has passed resolution favoring such the entire deposit liability of the bank Nov