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Banks Favor Trains Over Air Mail Says City Banks
Bank officials including Charles B. Anderson of Union Trust and executives from the Conlon Savings and Trust report air mail unreliability. They say 1,000,000 dollars in checks must reach New York Clearing House on time to avoid interest losses. Banks prefer train mail for reliability and cost, noting air service disruptions and higher postage.
MENTIONED IN THIS ARTICLE
Cleveland
Bani Savet
Charles B. Anderson
Union Trust Company
New York
Federal Reserve
York
Teavte
Conlon Savings ‘and Trial Company
Binithank
Peetigne Manutseraring
Selting
Effiesey