OCR Text |
Show 6IKS MOST GOME UP TO STUM Comptroller Will Make Weak Institutions Strengthen or Quit Business. WASHINGTON, Sept. 14. During the next few weeks the few national banks In the United States rated as "weak" will havo their last chance to strengthen themselves or get out of business. The examiners have been Instructed to carry their ultimatum to every body of directors that needs it. The statement of the condition of every national bank In tho country at the closo of business September Sep-tember 1 will be the last chance for any national bank to show Its capital Impaired, Im-paired, any reduction of Its reserve under the limit and bad paper In Its vaults or any concealed liabilities. The powers which the national bank law confers on tho comptroller of the currency are absolute. abso-lute. Actlr.r on tho principle that It 1e better bet-ter to liquidate a weak bank, pay oft the depositors and save Forr.e of the Investment Invest-ment for the shareholders. Comptroller Murray will use all the authority of His office to compel sound banking in the strong Institutions and force tho weak ones to strengthen or retire. |