| Show UNITED STATES IS PANIC PROOF confidence that the currency and banking system of the united states has made the count country ry panic proof under wise financial leadership is expressed by the national bank of commerce in new york in an article bearing the title the normal busness business cycle in the june number of its magazine commerce monthly the federal reserve system the bank says has been devised to make panics impossible in the future and there is abundant reason to expect that we shall not again see in this country such demoralization and chaos in the money market as the years 1893 or 1907 witnessed no curr currency ency and banking system can avoid the of crises in the sense of liquidation periods or periods of readjustment but we have strong grounds for confidence that under wise financial leadership our currency and banking system has made us panic proof the bank states |
