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Show Closed Bank Depositors Advised to be Patientj Depositors in closed Utah banks are urged by State Bank Commissioned Commis-sioned John A. Malia to w;eigh carefully care-fully proposals by representatives of security houses to take stocks or se- I with the Reconstruction Finance! corporation, the state bank depart- ment hopes to be able to liquidate; most of the claims of depositors against closed banks. I An application for a $560,000 loan' curities in exchange for their deposits. de-posits. "Now that there is an apparent chance for the payment of substantial substan-tial dividends to depositors of closed on the assets of the American Fork! bank has been forwarded to the RFC i at Washington and an appraisal isj being made there. j Two state men are .now making j state banks." said Mr. Malia yestcr-I yestcr-I day at the capital, "there has been a I renewal of activity on the part of . securities salesmen. "Of course, the state bank depart- i ment cannot advise prospective investors in-vestors as to their investments, but it does seem inadvisable for depositors deposi-tors to trade off this chance of securing se-curing dividends on deposits for securities se-curities of unknown, and often questionable ques-tionable value." Through the negotiation of loans appraisal of the assets of the Bank of American Fork here on completion comple-tion of which action can be secured on the R. F. C. loan. Persons who might have been induced in-duced to already sign over their deposits de-posits may file written protests against the transfer with State Commissioner Com-missioner Malia and yet save their interest in deposits, Mr. Malia stated yesterday when advised that agents j had already secured aasignments onj , some deposits. |