Business & Finance: Open Detroit

Hundreds of people milled before the closed doors of a big bank in the fourth city of the land one morning last week. It looked like a run. But practically every bank in the city had been shut tight for six long weeks and this crowd was waiting for the doors to open, not to demand their money but to pour checks & cash into National Bank of Detroit.

Housed temporarily in the old First National, National Bank of Detroit was brand-new, 100% liquid, the first bank launched under President Roosevelt's emergency banking measures. Toward...

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