Show WORST OF THE I TROUBLE OVER i Law Invoked in Rhode Island by Industrial Trust Company FEW PERSONS WERE IN LINE LINEt t CERTIFICATES WILL BE ISSUED AT 1 I t f 44 I New Ne York Oct 26 The Corn Ex Exchange Exchange 4 change bank of this city today 4 caused an attachment to be placed 4 on a check for made by y the 4 Union Trust company of Providence 4 on Oct 24 21 It was drawn on the Na National 4 4 City bank tank of this city and 4 4 payment was refused on the ground i 4 4 that a receiver had been appointed 4 4 4 for the trust company by the Rhode 4 4 Island courts 4 HH t 4 H H M M fi t M M t M 4 t U Providence Oct 26 The Industrial Trust company posted notices In the sav say savIngs savIngs sayings Ings and participation departments Just before the opening b ur today declaring that the rule requiring ninety days no notice no nb notice tice of withdrawals of t deposits had been put Into operation operation Checking accounts will wIil not be bei affected by the action Only a few persons p were In IIi line lino before the tM th doors of the th Industrial company opened today and and it was generally be believed believed believed that the worst of the financial dif dlf difficulty difficulty had been passed p A committee from the clearing house had charge chargo of the financial situation to today today today day to render assistance to banks banka if it called upon The committee reached a decision that In the payment and certification of ot cheeks checks che kB such checks should be made payable pay ble only through the clearing house This is the customary method of ot procedure In time of currency stringency and Its object is to prevent the withdrawal wal of ot money from circulation circulation circulation tion At Pawtucket withdrawals with from the Slater Trust company continue to be above the normal but the officials stated I that they had plenty of money oney and iid hd could pay all demands rpm the I Pawtucket Institution for tor sayings savings s and the Providence County Sayings Savings bank also were In excess of the usual sual volume but the depositors desiring to tako out their funds wele mainly wag wage e having small accounts n |