Salt Lake Tribune | 1919-09-30 | Page 8 | Says Homes are Nation's Savior

as bis ft ITIM! Duty of Bankers to Aid Men to Become Owners, Frazler Says. ST. LOUIS, Sept. 29. Bankers and financiers can speedily check the spread of radicalism in the United States by making loans to home builders, Raymond R. Frazier of Seattle, 'Wash., asserted in an address before the convention of American Bankers' association today. 'The home is the savior of the nation," Mr. Frazier declared, "and men who own .their own homes no not think of Bolshevism, Bolshe-vism, I. W. "W.ism and kindred diseases which are spreading over the country. Many more men would own homes if their checkbook permitted and it is up to the American bankers to make these advances. ad-vances. Robert F. Maddox of Atlanta, president of the association, in a brief talk, said that on the continuation of foreign exports ex-ports rests the employment of labor, and that American industries, having; been stimulated by the war. should make every ev-ery effort to build up foreign trade. The uncertainty of present rates of exchange ex-change between the United States and Kuropean countries constitutes a serious interference with trade relations, he pointed out. "Trade cannot be expected to open up," he emphasized, "as long- as exports are restricted by failure of our industries to make proper credit arrangements. "If congress can agree on some suitable suita-ble basis of credit extension, the United States will advance within the next three years to a pitch of prosperity of unprecedented unprece-dented proportions. More than 4000 bankers from all sec-tk.ns sec-tk.ns of the country had been registered inni-ht. Today was taken up principally with preliminary meetings, preparatory to the opening of the general business sessions tomorrow, when the convention proper will begin.