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SITUATION OF CLOSED BANKS THIS SECTION BRIGHT OUTLOOK FOR RE OPENING OF CENTRAL-MOC CASIN BANK IS SUSPENDED PENDING DEVELOPMENTS. by the action its board of directors, the Moccasin State bank makes three financial institutions in this vicinity have closed their doors since Monday morning. All of the those of Winnett voluntary and brought about by identical conditions. the steady withdrawal of deposits which broke cash res down to what was considered by the officers of the several institutions to the danger point. Suspension in each case was ordered as matter of protection to the depositors who were permitting their balances to stand undisturbed. According to Cashier Jack son of the Moccassin bank. there will be no loss to the depositors and he and his feel that liquidation can be carried out with but little any assessment be ing levied the Practically all of the Lank's assets are reasonably liquid and many of them can soon be turned into cash for among deposi tors. The patrons of bank have the utmost in the man agement of the ΠΠΎΡΡΠ°Π»ΠΈ bank and are loyally co-operating in efforts to minimize losses maintain confidence Central Bank Progress. According to Messrs Robertson and Kleve of the state banking de partment who are in the city work. ing with officials of the Central Bank & Trust company on plan for the reorganization and speedy re-opening of that institution, satis factory progress is being made and there is reason for the belief that these efforts will culminate in com plete success within few days The stockholders of the bank are loyally co-operating with others making arrangements to do the same the earliest possible date The spirit all concerned is that the bank should berreopened for business under conditions which will guarantee beyond question its financial integrity and capacity to function in an effective manner for the continued progress and well being of the community. Arthur Lochrie, superintendent of banks, is expected to arrive here this evening to lend his aid in the rehabilitation program.
