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Show WAY PAVED FOR BAUKSTO OPEN Governor of Michigan Modifies Modi-fies Verbally Terms of Closing Proclamation I Br Can Prses) DETROIT, Feb. 1J Governor William. Wil-liam. A. Corns lock paved the way today to-day for most of Michigan's bank to reopen immediately, despite his eight' day moratorium. While he refused to authorize ending end-ing of the bank holiday which he had ordered Tuesday to preserve the ft nancial stability of the state, tha governor gov-ernor issued the following statement at Lansing: "The state will not interfere if banks which, open despite my proclamation procla-mation do not prefer one creditor against another." Governor Comrtock gave assurance that the state would not take action against banks "which feel that sentl ment in their communities is sutU-ciently sutU-ciently quiet to permit them to open their doors." Less then St hours after Governor Cgmstock decreed an eight-day bank holiday, $40,000,000 aid was ready In Detroit and relief measures were tak- ing form. Yesterday, when all the state's 540 banks were ordered closed under an emergency decree "for the preservation preserva-tion of peace, health and safety," gloom settled over Michigan. It lifted today before the spirited guest of aroused industrialists, civic leaders and citizenry. Tha name of Henry Ford, through his Ford Automobile company, flickered flick-ered strangely through the maze of events. Governor Corns lock, from his executive office at Lanaing, accused the Ford Motor company of failing to cooperate with the General Motor corporation and tha Chrysler corporation corpo-ration In sustaining the Union Guardian Guar-dian Trust company of Detroit It was imminent collapse of the Guardian Trust thst prompted the bank moratorium mora-torium in predawn Tuesday. Later the governor issued a contradictory contra-dictory statement in which he said that he had "misunderstood the tacts" and that neither the Chrysler corporation corpo-ration nor General Motors was a depositor de-positor in the Guardian Trust and that his interpretation- of the cause of the moratorium was ill-founded. Causa for optimism wss seen by Michigsn folk today in these developments: develop-ments: Detroit banks arranged to release $25,000,000 today to facilitate business. From New York and Chicago came (OenttaaseenPae Three WHY PAVED FOR BANKS TO OPEN ' 1 . - ICocUntM. ires, rasa Ooal 118.000.000 mora rmih. ' . Governor Comstock, after promising promis-ing to do his utmost to shorten the holiday, entered parleys seeking reopening re-opening of banks so they could pay 10 per cent of deposit. Milk and coal dealers promised that children should have milk and that no family should go cold lor lack of fuel la Detroit. - And above the financial and political politi-cal strategema of leaders shone the isplrit of the people. ' There was no sign of unrest over 'the snowclsd rolling hills of southern Michigan. No riots had broken out In Detroit, automobile capital of the .world and the modern tower of Babel. Despite the dreaded and. In this country coun-try in modern times, almost unprecedented unprece-dented action of closing all the banks, people stood staunch against panic Various ways were devised, with the) characteristic Yankee Ingenuity that gave Detroit its mushroom . growth, to thwart the menace. Some botes of lighter and some of graver tone were struck. Judge Theodore J. Richter suspended suspend-ed all alimony payments during the moratorium. Circuit Judge Harry Dingeman suspended all fines in his division of criminal court The state Insurance commissioner urged all insurance companies in the state to accept checks as payments on insurance policies. i a Governor Faces ."Holiday" With $30 LANSING, Mich.. Feb. IS (UP-i-Governor William A. Comstock went into Michlgsn's eight-day bank moratorium mora-torium with (30 in his pocket and his salary gsrni.heed. "I'll get along," he said with a chuckle, "I've got $30 any way. I've lived longer than that on less." .Only last week it became known that his sslary as governor had been garnisheed because of failure to make payments on a 7000 real estate attachment, attach-ment, growing out of a deal in Flint, Mich. His last salary check for $177 Is till being held up by the Michigan auditor general. LANSING, Mich.. Feb. IS (UP) Former Governor Wilber M. Brucker telegraphed to his former secretary, Don B. Smith, today as follows: "Send me $10 at once to Detroit I've only got $1.50 and I can't cash a check." The former governor's home la In Detroit. |