Evening star., 1933-11-05
BANK CASES LIKELY
TO BE IN COURTS
AGAIN WITHIN WEEK
Continued From First Page

from the merger. That case. however
was kept open by Justice Bailey, and
since that time Col. Cooper has filed
supplemental bills. Hearings will begin
Tuesday on Col. Cooper's request to the
court to force the Treasury to reopen
the Iank on Col. Cooper's plan Col.
Cooper is represented by w. Bissell
Thomas and John w. Staggers, while
the Treasury, several of whose officials
are defendants. will be represented by
George p Barse and Charles E. VAIN
wright.
Park Bank In Court.
The Park Bank case will follow the
tWo-day hearing last week before JUS
tice Adkins in Supreme Court. when the
CepoSitOrs lost their hght for court
receiver, but were given leave to amend
their bill within five days to make more
sre cifc their charges against the direc-
tors and stockholders of the bank and
against the Reconstruction Finance
Corporation which holds for collateral
on & loan to the bank large amount
bank. The Park Bank is in the hands
OF Treasury receiver, John F. Moran,
who now will proceed to liQuidate the
institution
Throughout the Nation. according to
the controllers report made public last
night. 1873 national banks with aggre-
gate deposits of s124,940,000 frozen and
SO 100000 unrestricted were licensed,
chartered or liQuidated, during the
mcnth of October. This compares with
% national banks, having S92,347 900
frozen and S5,823.OO0 unrestricted de-
pcsits. licensed. chartered or Hauicated
the month of SeDtomEer.
rs result OF this activity by the
controllers Office last month, 55.4
per cent of all the national banks in
the United States and the District of
Columbia which remained unlicensed
on March Is, following the bank holi-
Gay. had been licensed, chartered or
liuuidated by the first of November.
Moreover, of the national banks which
remained unlicensed at the close OF
business October 81, last. 6l.3 per cent
hao received approved reorganization
plans from the controllers office,
3O2 per cent had received dlSapproveo
reorganization plans, and 8.5 per cent
had reorganization plans under con-
sideration.
20 Per Cent Have Plans.
The number of banks with approved
reorganization plans and with sucn
plans under consideration represented
lust a shade under 10 per cent of all
the unlicensed national banks in the
United States. (All banks in the Dis
trict OF Columbia are considered as ma
tional banks. since they come directly
under the jurisdiction of the Control
Ter of the Currency
A total of 4,5l8 national banks had
been licensed and were reopened by
March is. 1898. On March is, there
were 1,446 unlicensed national banks
in the country, and, Of these. 80l had
been licensed, chartered or liquidated
1888, while 645 remained unlicensed.
The 645 unlicensed institutions we're
further divided into 395 banks with ap-
proved reorganization plans, 1876 with
disapproved reorganization plans and 90
banks with reorganization plans under
consideration. 1t is always possible
that a plan will be approved, in the fu-
and for banks with plans under con-
sideration.
The 395 national banks with approved
reorganization plans had 1896 ,3O8 600
frozen and S29,232 900 unrestricted de
posits on october 81: the 1876 national
banks with disapproved plans had $685.
900 frozen and S7,241 900 unrestrict-
ed deposits, and the SIS banks with re-
organization plans under consideration
| had S51 .472 900 frozen and S4,095, ,00O
unrestricted deposits.