National Affairs: Action in Urbana

One day last week the First National Bank of Urbana, Ill. failed. Panic spread. Mayor Reginal Carl Harmon sat up most of the night with the city councilman and economic professors from nearby University of Illinois. At dawn, he issued an edict suspending all business in the town for five days excepting only food, drug stores, public utilities, newspapers. And the following night he said:

"The streets look almost as if it were Sunday. . . . My drastic action is without precedent in municipal annals. Our citizens shall have time to think about...

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