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Show Back Bank dank Holiday Through NationDeclared Nation NationDeclared NationDeclared Declared by byNew _ New President Moratorium End E Ends n d ds s Tonight Tomght ; \ Moab 1\loab 1 loab Bank Hopes to Open Openfor Openfor Openfor for Business Friday FridayMorning FridayMorning FridayMorning Morning . Late developments de\clopments de clopments detieIopments \ on the nation natIon- natIonmde nationwide nationwide - wide mde banking : situation : President Roosevelt will wtll issue a anew anew anew new proclamation roclamation Thursday mght night nightwhen nightwhen when hen the present holiday ends , to tocontinue tocontinue tocontinue continue the broad power of the thepresident thepresident president restdent over the banks . . Plans are going gOlDg : forward tonvard for e- e ee- ee epansion eepansfon ei-pansion ei pansion " ( - pansion pansfon of the nation's nations ' currency to toobviate toobviate toobviate obviate the general use of scrip scrip.Scrip scripScrip . Scrip will be permitted in states or ordties orcities orcities dties cities where needed , but the federal federalgovernment federalgovernment federalgovernment government proposes relief through throughcurrency throughcurrency throughcurrency currency expansion expanslon . The gold reserve resen e will be protect protect- protected protected - ed . In his proclamation tonight tonightthe tonightthe tonightthe the president intends to keep the thedoor thedoor thedoor door closed c10sed on the gold in lD Ameri Ameri- American American American - can banking vaultsIt vaultsIt vaults vaultsIt ItIS It is believed that banks will wm be bepermitted bepermitted bepermitted permitted to open Friday Frlday morning morningon on a restricted basis . Acting pursuant to a special specml act actrusmd actrushed actrushed rusmd rushed through the legislature leglslature . , Gov Gov- Governor Gov- Gov Governor Governor - - ernor Henry H Blood on Thursdayevening Thursday ThursdayI Thursdayevening Thursdayevening evening issued a proclamation proclamatlOn declar declar- declaring declaring declaring - - I ing a banking holiday hOhday throughout the thestate thestate thestate state of Utah on March 3 , 4 , 6 and 7 . I On March 5 , the newly inaugurated inauguratedpresident inauguratedpresident inauguratedpresident i inauguratedi president , Franklin Franklm D Roosevelt Roosevclt , is- is issued issued Is Issued - ! sued bankingbusiness bankmgbusmess bankmgbusiness a decree suspending suspendmg all aU bankmg I untilI busmess business throughout the nation until untiland untiland untiland and including mcluding March 9 This Thls olderhas older olderhas olderhas has since smce been modified modlfied to permit permitpartial permitpartial permitpartial partial banking operation operatlon in m somestates some somestates somestates states , but in m Utah the moratorium has , been observed ngtdlyUnless ngidlyUnless ngidly ngtdly ngidlyUnless Unless further orders are issued by bythe bythe bythe the president and governor , it is ex- ex expected expected ex expected - pected that normal banking operatlOns operations operationspossibly , possibly under some re restrictions < : ; trlctions , willbe v . will willbe ill illbe illj be resumed Friday morningThe morningThe morning morningThe j MoablwhIle The First Flrst National Bank of Moabl Moab Moabwhile , whIle 16 It heard unofficially unofflcially of the thestate thestate thestate state banking moratorium FrIday FrIdaymornm Fridaymorning Fridaymorning theI I mornm morning , remained open until after after- afternoon afternoon afternoon - noon , v when , hen official offlcial orders to close closewere I , I"ere "ere ere were " received from the Federal rederal I'ederal Iederal ' Re- Re Reserve Reserve Re Reserve - : ' ' serve bank There was no e excitement ' excitementor " < cltement cltementor or uneasiness uneasmess in m evidence eVldence at the local localbank localbank localbank bank , and no withdrawals Officers Officersof of the bank e caressed e'Cpressed eCpressed cpressed ' the hope OfficersI Friday Fridaythat Fridaythat Fridaythat I that the institution mstitution would be permitted permittedto ' to continue contmue normal business busmess , , but when whenofficial I I Iofficial official orders were received recelved from the theFederal I j Federal Reserve bank , there was no noother noother ' noI I other recourse than to t < > close TheMoab The TheI TheMoab TheI TheMoab I ! I Moab bank hopes that it will Wlll be able ableto ableto , to open for business busmess Friday morning morningIt I 1 IIt 1It [ It is ' possible 'Posslble Posslble that the president and andI andtreasury andtreasury andtreasury I treasury department will issue new newregulations newregulations newregulations regulations ordering restricted banking bank bank- banking banking newI - I ing operations operatiDns , at least in some states statesto , ' to states'lto relieve rel1eve the situation brought states'l statesl about aboutby aboutby aboutby by the break-down break down - in the banking and andcurrency andcurrency andcurrency currency situation throughout the na- na nation na nation - - naIhon na-I na I tion hon President Presldent Roosevelt has called calledI calledthe calledthe calledthe I the new congress in special session sessioni sessiontoday sessiontoday sessiontoday i today , and will outline his recommen recommen- recommendations recommendations recommendations - - dations Reports from Washington are areto areto areto , to the effect that the Democratic Democraticmajoflty Democraticmajority Democraticmajority majoflty majority In both houses of DemocraticI congresswill congress congressvill I Iwill \vill vill will \ be solidly behind the president in inhis inhis I his program , and ! the Immediate en-I en I en- en enactment en enactment - actment ctment of emergency legislation is isexpected isexpected isexpected isexpectedDuring expected expectedDuring isI I During the week preparations , . have haveben haveben haveben ben made throughout the country for forthe forthe forthe ' the Issuance of scrip as a circulatingmedium circulatingmedium circulating | medium , and it is probable that circulatingI clear clear- clearing cleartog clearing - I ing tog house certificates certlflcates will make their - - Iappearance , appearance throughout the country countryvery countryvery countryvery very shortly , as was the case during I countryI the duringthe money panic of 1907It 1907It 1907 1907It It is stated by high government of- of officials officials of officials - ficials that restrictions restrictlons will wi11 be placed placed'on placedon placedIon placedlion Ion ' all withdrawals withdrav.als withdravals . from banks after afterthe afterthe lion I afterj afterI the holiday ends tomorrow One of- of ofI offlcIal official of-i of i - I ficial flcIal stated he expected an order permitting permitting per- per pernutting - ' nutting mitting withdrawal of one-third one third - of ofdeposits I 1 ofI deposits in all liquid banksConfldence banksConfidence banks banksConfidence Confidence Confldence in the ability of the new newpresIdent newpresident newpresident presIdent and his administration admmistration to tomeet tomeet tomeet meet tne the emergency situation is ex- ex expressed expressed ex expressed - pressed generally throughout the na- na nation nation na nation - - tion President Roosevelt will have havethe havethe havethe the cooperation of the entire nation in inI insolving insolving insolving solving the perplexing problems problemsbrought problemsbrought problemsbrought brought about by the banking break break- breakdown breakdown breakdown - I down - |