One of the peculiar features of the banking business is the occasional leaving of funds in banks by persons who disappear and never claim them. New York banks are said to hold about $5 million of unclaimed de- posits in this way. Under the law, deposits unclaimed for 20 years must be publicly advertised.
The situation is due to several causes. Some depositors apparently die without heirs, or leave no records of their deposits to heirs. In many cases, too, depositors think they have withdrawn their entire deposit when they actually have left something over...
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