To the Editor of the "Norra-Carsa Datty News."
Sin,—I have read your well-considered article in to-day's issue. The present question has opened the eyes of both me chants and promoters of large local i dustrial conceras in dealing, with a certain amount of freedom, with such of the banks as have the discretionary powers of their managers curtailed in the manner suggested by your leader. The period of notice of sale is absurdly short, to give due publicity thereto and thereby induce probable purchasers to come forward. [really wonder why the agents take no steps for getting at least an extension of the date of the sale. Purchasers of such lnrze concerns are few and far between, especially when one is advertised tobe sold in one single lot. I submit no Cvurt of La or "Equity will, dismiss an_ application properly submitted, for extension of time, as stated above, inasmuch as the present mile of procedure raises the suspicion (however unfounded it may be) of foreing the sale, and precludes any hope of realising even a moderately small value for the concern.
Thanking you in anticipation for giving acorner to this letter, Tam, ete., N. D.
26th November.
Text read from the printed page and cleaned; old type leaves the occasional error.