Magazine content is available exclusively for TIME subscribers.Business & Finance: Manufacturers Trust
Biggest of the three banks which once planned to merge with Bank of United States was Manufacturers Trust Co. (TIME, Nov. 10). Last week, Manufacturers reported on its condition as of Jan. 2, revealing the psychological effect which the Bank of United States failure had upon Manufacturers' depositors. Between Sept. 24 and Jan. 2, Manufacturers' total deposits fell $109,000,000 (to $219,000,000) while its capital, surplus and undivided profits dropped $35,500,000.
Coinciding with this report, however, came an announcement showing that a potent Manhattan banker and his friends still have faith in Manufacturers, have...
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