DEPOSITORS AND DEPOSITS 
85 
following announcement of the State Depart 
ment on February 8 : “It having been reported 
to him that there is anxiety in some quarters on 
the part of persons residing in this country who 
are the subjects of foreign states lest their bank 
deposits or other property should be seized in the 
event of war between the United States and a 
foreign nation, the President authorizes the 
statement that all such fears are entirely un 
founded. The Government of the United States 
will in no circumstances take advantage of a state 
of war to take possession of property to which 
international understandings and the recognized 
law of the land give it no just claim or title. It 
will scrupulously respect all private rights alike 
of its own citizens and of the subjects of foreign 
states.” 
Limitations on the Size of Deposits and Deposit 
Balances 
This brings us to the question which has given 
rise to the most discussion since the enactment of 
the law of 1910: that of the desirability of raising 
or removing entirely the limitations imposed 
upon the amount that can be deposited by a 
depositor in any one month, and upon the total 
balance which a depositor can have to his credit. 
The limitations imposed by the act of 1910,