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Williamsport Sun: September 19, 1933 – Dr. John W. Long Makes Radio Appeal to Small Depositors to Aid Drive

Dr. John W. Long, president of Dickinson Seminary spoke over WRAK last evening at 7:30 o’clock to deliver the following appeal, especially to small depositors on behalf of the reorganization of the Lycoming Trust Company.

“Citizens of Williamsport: Williamsport’s restricted banks are going to open for business as usual, just when the citizens ‘give the ‘Lawd’ a break’ by doing their part to make such reopening possible.”

“The First National Bank of this city has raised the money set by government agencies as the price of its reopening.”

“The Lycoming Trust is in the midst of a similar campaign. At the last report at yesterday noon, the sale of approximately 6,000 shares of common stock out of an issue of approximately 6,000 shares of common stock, out of an issue of 22,500 shares was all that stood between this institution and the successful completion of the principal task placed upon it by state and federal banking authorities.”

“The job is almost done you say. This is where you are wrong. The most difficult part of the task that now confronts the 300 workers who have been giving freely of their time and effort the past week to reestablish this bank on a sound basis.”

“The cream has been skimmed form the top in the present campaign. The workers now realize—and the public of this city, particularly the thousands of small depositors in Lycoming must be made to grasp this important point, that the remaining 6,000 shares come from small subscriptions of one to ten units from what we term the small depositors in this restricted bank.”