BANKING: The New Look

The rows of dingy, neglected buildings in the main shopping district of Elgin, IL. have long been eyesores. But lately their shabbiness has done more than just hurt the eyes; a modern business district, going up in the town of Skokie some 25 miles away, has threatened to hurt Elgin's pocketbook as well. Last week Robert C. Kewley, president of the city's Union National Bank and Trust Co., was busily sprucing up Elgin (pop. 44,223). He offered loans up to $7,500 at 1% interest (v, the going rate of 3 to 6%) without...

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