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This newspaper page contains 2 articles. Subscribers can read the full text of each article.
Newspaper
Winchester Evening Star
Location
Winchester, Virginia, United States of America
Date
Jun 13, 1930
Page
9
The article explains that banks face higher operating costs while loan income stays flat at six percent. To guard shareholders, Winchester and Frederick County banks delay adopting service rules until after other regions. Losses occur on average accounts under fifty dollars, prompting minimum fees such as 50 cents for discounted notes to avoid actual losses.
The text argues that the purpose of these service rules is not to profit banks but to discourage practices that harm banks. It asserts such bad practices inevitably lead over time to substantial losses for banks and should be prevented.
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