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Show j 1 rational Banking Problem Nears Solution !S Local Banks Opening Date Still Uncertain. -fter week's suspension of all - king in the United States, which ' menced test Firday on order of iident Franklin D. Roosevelt, and fSn became effective throughout entire forty-eight states before AT week-end, the nation is now rging from one of the greatest onal emergencies that has ever ' t the country since the dark ; of the Civil war. According to 5 dispatches last evening the lem is now worked out in a l75nal way and it is likely some IV em banks will open today under lin restrictions. iwever, in this state bankers and ! officials were still at a loss ;rday to know just what action ike in the matter and could not jounce what their action would L Ujitil the final national order had received. According to local ; officials last evening it was oppinion that the banks here I not possibly open before Satur-and Satur-and possibly Monday. vernor Henry H. Blood Thurs-morning Thurs-morning signed a bill jjassed nesday evening by the senate the house, giving John A. Malia j 3 emergency power to govern , . banks in the present crisis, bject to approval by the gov-, gov-, the bank commission is vested board authority over Utah w functions as is now exer- by the secretary of the treas-a treas-a the national emergency, e bill provides that the corner corn-er oner "whenever in his opinion action is necessary in the public rfl3st, may order such banks as "Subject to his supervision forth-to forth-to suspend payment in any ier of their respective liabilities ;ir depositors or other creditors. i bill further provides the gov- and the commissioner with the : to: pend, in whole or part, pay- by banks to depositors or other Cors during a period to be fixed m, not exceeding 60 days, or I extended periods not exceed-) exceed-) days each. rmination of what medium of mav be uscl during emer-, emer-, . periods of suspension. t er, by order to modify or lid any previous order or sushi. sus-hi. rer to prescribe rules and reg- ns to carry out provisions of sire fcct. for ating of the first order of clear-,rticle0use clear-,rticle0use certificates was completed etc, iday. rket i o |