'A Suggestion To the Editor of the "Norri-Cuima Dany News"
Su—Reterring to your editorial—Cosualty"—in which you sum up the present dificult "financial situation—Iam a depositor of 15 years' standing with the A. O. Bank, and would point out that we are forced to race the facts which are that, under pressure of our creditors "and the prevailing complete slagnancy in business, positions can arise that may land some of us in very serious straits Indeed, not Jonly economically but vis-A-vis the various courts to which we are subject.
The case being a purely banking aificulty, it seems to me that some of the stronger banks might well come to- the assistance of us bona [fide depositors by coming to arrangements with the liquidators of this bank. By so doing they will aleviaie our position greatly and secure our business for the future, whilst being covered themselves Go far as T can understand) by the gradual realization of their assets.
Tt should be a reasonable business proposition, I submit, for another bank to assist depositors the AO, Bank to the extent of an agreed proportion of their balances, by arrangement.
'As depositors' we are scattered and unorganized and, at present, in helpless. position.
I would, therefore, ask you to open your columns to bona fide sus-gestions from those, who like myself, are seriously embarrassed by this failure, D.K.
Shanghai, May 27.
Text read from the printed page and cleaned; old type leaves the occasional error.