Show 1 U. U S. S Bankers i Dont Don't Want Foreign Funds 1 I By RICHARD WALDO and GABRIEL NEWYORK YORK Washington diehard dIehard diehard die dIe- hard isolationists attempted to get geta I a rise out out of ot Wall Street bankers by suggesting that the government t ls 18 doing them out of important Import nt co commission fees What gripes th the lawmakers is is- the arrangement wherein the the allied buyers write writ checks on the federal reserve rather than on private banks figure the They government 4 shouldn't be donating a servIce for foro which U. U S. S banks banks' could extract extract extract ex ex- ex- ex tract li a service charge New York reply Is pat offers offer little comfort to the boys who wh would break up the Wash London Ington pia play Europe's dollar d deposits deposits de de- posits posits' are now spread in accounts account with the Wall Street houses an and with the reserve r f r Far from being dissatisfied with wit the reserves reserve's muscling in th the banks would be delighted to have hav the government take over oyer the res rest restA A of the foreign accounts They canno cannot can can- not no assess foreign depositors depositors' a clearing learing f fee for reasons of International international inter Inter- national comity They cannot reInvest reInvest reinvest re- re Invest the money be because ause of a a. a soggy investment market And they do have to pay F D I C tolls for the privilege of safeguarding stagnant money Bankers are on ona a spot None o of of- them dares turn down foreign deposits deposits deposits de de- de- de posits refusals come come back to roos roost In the way way of foreign reprisals T To accept them Is onerous What Wha happens is that bankers are urging the reserve to sidetrack the embarrassments embarrassments em em- em- em by c cornering the depositors depositors depositors de de- de- de first Copyright McClure Syndicate |