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Show Small Depositor Pays Monthly Charge Considerable Interest to the public pub-lic la the newly established rules of the 8a It Lake Clearing House to make a minimum charge of $1.00 per month on accounts on which the average dally balance Is less than $200.00 and a charge of two cents each for checks cashed and for all items listed for deposlte except V. S. Government checks and the paper of the Clearing house. , . ' The hew rules win ahe effect " In Salt Lake City banks' next Monday, Mon-day, June 1st. The reaction of the public to this rule will be watched with considerable interest. The Clearing house asserts that many smsll accounts whiehj they have heretofore handled constitute a loss rather than a profit to them. On the other hand some depositors claim the charge is unjust in that It applies only to those who are least able to pay. Not Effective Here Mr. 8. E. Fernley, Cashier of the local branch of the First Security Corporation states the Clearing house rule win not De ercecuve neve. Rural banks have made no change In their deposit and withdrawal regulations re-gulations and notices to that effect have been posted. |