Questioned on Saturday regarding possible reactions to the suspension of the American Oriental Bank and affiliated companies on American business in China, Mr. C, V, Start, chairman of the Asia Life Ingurance Company and president of the Unde writers Savings Bonk, said that th had not been any widespread lack confidence or business as a result. "Undoublediy the American silver policy," he said, "has worked with other factors in' making the present times difficult, but troubles in' which various local companies have become involved may be traced to matters much more simple, such as borrowing short-term unsecured money and lacing it in fixed. investments."
Mr. Start continued: am glad of an opportunity make our position quite clear. First of all, the Underwriters Savings Bank has no connection with the Raven interests and never has had. To a large degree it is a competing orgonzation, sheugh its character is different in that it is exclusively a savings bank and does no general. banking, business, For the past couple of years, due 5 business conditions, the Underwriters Savings Bank has made practice of keeping a strong cash position. During the past few months "=a period of increasing financial stringeney—this position "hasbeen further fortified in anticipation that people might be forced to draw upon their savings.
Text read from the printed page and cleaned; old type leaves the occasional error.