Local larceny to too much for the Harvard Co-operative Society. Already taped for $75,000 in two recent thefts and alarmed by robberies of 13 Cambridge churches last week, the coop yesterday discontinued its check cashing service once and for all. However, police last night termed the crime situation "nothing unusual."
According to manager George E. Cole, the Coop can't "play Santa Claus" any longer. "We originally served specifically the relatively few men who had no Cambridge accounts, but lately we've been cashing hundreds of checks a day, many on the Harvard Trust and other local banks," he said.
Cole asserts that it was the robbers, not the management which forced the Coop out of the "banking business."
Checks to Cambridge Trust
Other arrangements to Coop customers financially solvent have already been made. The organization will approve members' checks, which can then be cashed free at the Cambridge Trust Company.