Show GIVES CIVES capio BASIS OF AT SOUN 9 BAN K ING sneaker outlines threefold cooperation between bank era ra government Offic officials nIs and the public to main tain bank standards WO elements beside the bankers themselves themselves are required in order to give tho the nation universally the type of hanking banking it should have francis 11 II sisson president of the american bankers association de dared in a recent address lie ile said that the eMe eul clency tency of 0 government upon whom the people rely to supervise supe riXo the banks properly and the patronage pitro naRe of 0 the people them selves are factors in the kind of badts s a community shall have hava there can be no question that the people of the united states should have banks immune from failure and wholly tree free from bad or questionable banking mr sisson said it Is not eno enough tigh as a dent roosevelt has said that while some bankers had been incompetent or dishonest this was not true in the he vast majority of 0 our banks A situation should exist in which there Is not even a small minority ot bink bank ers open to question there should be no room tor for dishonesty or incompetency to exercise any influence in banking anywhere while bad faith and bad management enter the human factor actor in all types of business their effects in banking should be surrounded by such special safeguards as to render them no longer a factor actor in bank failures the responsibility tor for bringing this about however hew ever can not rest upon the bankers alone tor for the means to accomplish it are not wholly in their hands there are otier ot ler essential elements one la Is the ot of govern ment supervision since we e rely so greatly upon supervision it may unless it Is of 0 the highest order in safeguarding the public interest create a sense of 0 false security su p erv islon should render bad banking impossible but it has failed ailed to do so there was supervision by pre surn ably tho the highest biggest type ot of bl bank ank supervisors in every one ot of the instances ot of questionable banking that has shocked the attention of the country during the past three years there fore ore a thorough strengthening ot of supervision la Is clearly called for or it the people are to rely on it for or the protection of their interests the th publics public part par another essential factor in maintaining good banks involves the part played placed by the public in banU banking ing there it Is certainly a responsibility on the people themselves to support that type of 0 banker whose rigid adherence to sound principles makes a sound bank rather than to give their patronage to the easy going banker who may be easier to do business with but whose methods create a weak bink bank bank customers aro are charged with I 1 a great responsibility in protecting I 1 the safety of 0 their banks in respect I 1 to their will bation of the assets of I 1 tho the banks as borrowers banks have failed ailed because ninny many of their loans and securities created angood in good faith I 1 by bankers in cooperating with the business interests of 0 the country proved unsound under subsequent conditions an unsound loan Is created by the borrower as well veil as the banker A bank Is only as sound as its 13 community and this applies also to the banking structure as a whole in rotation relation to the economic condition of the nation L a whole A semipublic semi public institution A bank Is truly a semipublic semi public institution ution but in a reciprocal sense it has its obligations to the public tut but so has the public equal obligations to the he bank no one who has not sound banking principles at heart has any business in a bank whether as aa banker or customer the banker Is a semipublic semi public servant ile he la Is charged with the heaviest of responsibilities and obligations that occur in our economic life hut he be can meet these fully only through tho the cooperation of good laws good public officials who are empowered to exercise authority over his bis bank and good business methods on the pie part ot of business men generally who utilize his bank only through such cooperation by at nil ole elements in our nations community life can wo we tic be assured ot of a failure proof banking structure record ads don t cost they PAY EXTRA FINE HEREFORD i 2 yr V 7 e old bull for sale feed is half the breed and the bull i is the other half it abw always byj paye pay to km have a god one D L bayles blanding an di ing a ig 0 M M a ig M N E ra iq a 13 ej a ca B 0 B 11 B M B 0 H 13 0 0 M 0 IN THE CENTER OF THINGS M 19 opposite er the V uj S rost office 1113 and federal fed eral building a a 3 to 5 minutes il es to any gents a a shoes or furnishings furnishing N 1 a 3 na Y eab B boh on marche klar e 11 1 1 1 a 4 minute the paris a 8 0 6 minutes to keith N 6 minutes to Auer bacha N 6 tb seas sears roebuck 0 stop at this center of 0 sc BO 6 minutes to the theatre 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