DEPOSITORS  AND  DEPOSITS

85

following  announcement  of  the  State  Department ­
  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  unfounded. ­
  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,