Magazine content is available exclusively for TIME subscribers.BANKS: Michigan Moratorium (Cont'd)
Michigan Moratorium (Cont'd)
A tall man with a $10 bill in his hand stood surveying an apple vendor's stand on Detroit's Woodward Avenue one day last week. "It's a shame," he said, "that an apple won't fit a pay telephone. I've been trying to call my wife since last night to tell her I wouldn't be home." After he explained that he was unable to get his bill changed anywhere in Detroit, the apple vendor loaned him a nickel. . . .
Citizens in the fourth largest U. S. city and in most...
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