| Show WHEN IS 18 A BANK BA INSOLVENT Chicago levelling Jo Journal 1 the re ream m flurry nurry many n i t wl 01 whether hether banks bank k refusal to 0 pay to d C 1 tr r on demand wa we w not an Act att of 01 ln ol iio Of couri no Ito nopo po would br bf likely lo to push puh hl hI his bank k to the wall wll Hut But ut suppose one Oa did Ingot In upon money and ancl was wan I Could he nut not he have h the hank bank of It t on VII onto shut but up and I a 1 er ap I I The amin anoa r r in to Ihl Is 11 to be found I Ia u the th rh rela lion between m bank banki and id their depot lora lOll hl h U Is that of debtor and nd credi creditor tar tor If It a depositor e li Is fu fused d his hI he h eau U fo go Into In I court and ad nu ou lh th lb hank but the federal I law I forbids forbid the ehe issuance of ot any say attachment exi 01 or In hr Injunction 1 unction junction In the case can of ot rational national bunk bank M 0 laY clay after the tha antry anby of oC a annal final dart oIl r As A a tatter matter of o t tart fact t such lIuch bank bak Ilk any an other er debtor may Inay be solvent while 1 refusing refu l to 10 satisfy MUM a particular 1 tUlin of at a creditor That mOMY li is I 1 owing can cao c only be bf duly stub Mt L LII II 4 In a court N of 01 law Ia w and all then alter i itha the tha Anal decree dee the bank hank has ban h 10 I days day da daIn In which to satiety the Ihl Judgment In Inthe Inthe the nt emergency with wit currency Sara caroe rea It II k ha been b a Unit that the properly intoned Indorsed cheek check Is la I a as good gooda GOd a aa U a u clr ula medium aa a legal Igal I ten tan tender der TIIa Tb depositor dapolito who I Is not d with WI that IBM t sad and ua lu upon u Oll money moo W 1 not Merely lee sly 11 not benefiting himself but bill doag an a Injury to the whole 01 financial system 81 |
