Show W IL L ON THE 0 N S DRASTIC REDUCTION IN NUMBER OP OF government tomes BEING MADE policy if it future will be B to lan lean more heavily on a n reserve bank banks in the nation 4 cah cash Busl bushness ness the treasurer declared mashington drastic reduction in the number r of nation nat banks blinks besig hinted us is government depositories repositories deposit ories Is to being made by tie treasury department with ith the result that less than of tha the 1331 euch hold told i lug ing federal funds on june 31 SO 1010 1919 are expected to escal e the pruning knife o 0 chaniev in the s finan caal situation brought about by nara aars fiscal operations it was mas aid said officially bunda sunda he made it nece esary to abolish hunia 1 lt i of the depOsIt orles of go eminent moneys among bank banks eni aloyed since prior to lille the treasur Is cutting oft off the inactive accounts counte ac it la Is also reducing the balances carried carr letl by nian inan other barels barils in all in fact whets goern goi emment eminent transactions transaction do not require the we use ot of large I 1 scientific apportionment I 1 it Is I 1 aid said will mill be the basis in the future for dis position of surplus sui funds explained the ne policy its to decoil tortes mould operate eo so that each bank will be able to realize equal returns on a basi basis of busine t s done for the tile government ment included in the list of national banks already struck off are banks which had accounts acio aci of only 1000 and which were designated as government depositories during the administration of et 11 cavnaugh Cann augh ae as secre tary of the treasury for Preal dent tatt taft |