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Regrets Over Moratorium That Spread Over Nation. CLAUDE Mich. Mar. three weeks ago in the dim day penned the preface the most crucial chapters his tory firmly believes took the only would the same thing again, Governor Wm. said today February seated the room the Union Trust Company De troit, Comstock signed drastic bank holiday proclamation that marked the ginning of the present period. Comstock believes that the developments the last which have seen state finally the federal gov lead Michiwill quicken the pulse economic place nation's financial structure Faced Difficult Decision. faced the difficult decilife three weeks this just before signed the which closed Michi banks during mor atorium," the United Press then there have been moments flinched thought the results of that been feeling with the assurance that merely personal government. "Consider what would have hap pened the not declared. One of the large financial houses of Detroit, the state, would have closed its rest of the day would have bank bank Michigan stripped its and liquid serves panicky and turned empty shells only frozen assets for the small, Prevented Panic. "Within three the panic would more rapidly than the mora The would been chaos billions dol securities thrown upon an already flooded market by bank would been three before could have begun recover from disaster Today every bank the country sound condition three weeks Six months from not more be operating normal and the meantime banks will have the these facts in mind, have no the most important the present situation, GovComstock believes, will healthy public attitude banks closer supervision them by the government.
