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Show loss as deposits fii closed bahEs, and while I appreciate that there is little consolation in this fact, those who had their savings invested in stocks, bonds, mortgage:!, real estate, industrial indus-trial investments, or in businesses of any kind, have had losses very much greater, and in a much larger percentage, percent-age, than have depositors in closed banks. "It is for these reasons, and others not necessary here to enumerate, that it is not possible to Justify paying de positors in closed banks with the t payers' mouey." BANK DEPOSITS WERE SAFEST INVESTMENTS High Government Official Sayi No Investments Except U. S, Bonds Suffered as Little Loss as Deposits in Closed Bank WASHINGTON, D. C. No form of i Investments except Government bonds j suffered as little loss as deposits in closed banks during the years 1931-32-1 33. Jesse' H. Jones, Chairman of the Reconstruction Finance Corporation,! declared in a recent address. "A point generally overlooked in connection with bunk failures in this period, is that upon the whole, depositors depos-itors in closed nai.ks will get a some-1 what larger percentage than has been ; true in bank failures over ft psrlod of say twenty-five years," Mr- Jones said, j "Heretofore they have gotten about i 58, but in these wholesale bank oloa-j ings, my estimate ia that they will,! upon the average, get about 65 of their deposits. .' "Another point worthy of mention j is that a depositor in a closed bank loses only a part of his deposit, while j the bank stockholder loses a'l, pins ft stock assessment, KJfa frm. Of investment, except Government Gov-ernment bonds, has suffered as little |