Show THE INDIVIDUAL AND HIS BAr BANK K Ry PaY ROME no C Jo Bankers enl American A business busi- busi business DANKERS RS recognize that theIr BANK D ness carries especially heavy henvy pub pub- public lie lic responsibilities and welcome all sound Bound measures to aid them meet the duties this im r t poses posos Unceasing efforts to bring about 3 meth ineth methods r oils to It de depositors po 81 to r s In hi banks ot or all kinds have long been uppermost up uppermost In th the plans or of o bankers banker orga fl iga- iga tiona throughout 0 R It R C C I the nation They are aro not the out outgrowth merely of or the past year of or business adversity but for many have been carried on actively years ears and havo have resulted In great progress progress ress along lines Unes ot or better safer eater bank lag Ing methods Although banking along with all business has Buffered reverses conditions la In this field have haTe been farless far less leas severe than they would have been had not bankers tankers been widely success fut tul In fn their endeavors to develop the tha high standards ot or banking that now BOW generally g The American Bankers Banken Association A and bankers organizations In every eTch state actively support the principle of supervision ot or bankIng The national banks which receive their charters to do business from the federal government aro are under the tho supervision su- su of or the Comptroller ot of the tho Currency at nt Washington Through his efficient dent staffs or of expert bank examiners In every section he ho has tho duty and pov powers ra to ke Je keep p watch of or the tho way every national bank Is la being conducted to Bu suggest gest desirable changes In Its poll poll- policies den cles cies or methods and even oven to step inand Inand in and take tako control for the tho protection ot of o the tho depo tors if such action achon is warranted warranted war- war warranted ranted The Tho state banks also atso i t tare are aro chartered b b the various arlous state gov- gov governments are aro subject to similar s and control by state banI officials In addition banks in fn many places have long maintained voluntary clearing house associations which en- en enforce en force orce even closer supervision over their I Bankers II ers Fi ri or Public n ISlon Present laws lava adequately enforced contain ample provisions tor for govern govern- government government government ment supervision Bankers universally unIversally universally sally believe In strong capable bAnkIng departments manned by officials with the discretion and courage to enforce these s laws and act under them as the tho common welfare demands They belIeve be here lIeve that these public officials should be ba paid sufficient salaries to command the services of or men of or character ability and a resolute spirit of or public ser sen Ice They believe belle e also that the tho ho banking de dc de departments should should be kept tree free from all political or other special Influence In fn order to be able ablo to act at all times with single minded independence solely solety for tor the benefIt of or tho the public Interest Although banks in fn the United States under state national or charters charters char- char are thus subject to supervision ot of public autho autho ltv they are arc strictly private rate vate business enterprises They arc aro owned by their stockholders and adminIstered administered ad minIstered hr by officials chosen the boards of or directors which their stockholders elect No bank is owned or operated by the tha United States Go Gov Government nor with one small exception In a n western state by any state gov gov- government gov- gov government government The function of ot government In banking Is to promote and enforce careful banking administration through the tho system of ot examination e and super super- supervisIon supervision vision which I have described This however does not relieve the individual Individual al depositor from the necessity of judging and choo carefully as ns to Isis his banking relations just as ns in his other business or professional proCessional rela relations lie Ho must for himself Into the character and type of ot Institution and men ho he shall do business with In himself as aa to their reputation tion reliability and These Thess QualIties aro are essential to complete the element of or safety and dependability in any human Institution |