Washington, Mar. 12.
'The President's statement ex.' Jained that the assets of the weak:
inks will be carefully conserved in the interests of depositors.—Such unsound banks as can be reorgani sed. will eventually resume their' normal functions. Tt has been discovered, however, that some of them probably cannot be reorganised on sound basis.
The situation has definitely proved. The Government now knows the exact condition of all banks and feels warranted in permitting the resumption of banking, the statement said. Tt, is planned to have every sound bank functioning Wednesday.
Simultaneously with the issuance of the Presidential statement, the Secretary of Treasury, Mr. William
the re-opening of private Woodin, issued additional roles for Private banks from those. like J. P. Morgan & Ca. to the ordinary, ywnbrokers may. open on. Monday if they are permitted to do so by [cee p woe DAO
Text read from the printed page and cleaned; old type leaves the occasional error.