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Show UTAHN NAMED PRESIDENT OF BANKERS BOSTON, Oct. 13 (U.R) Orval W. Adams, 53, executive execu-tive vice president of the Utah State National bank, Salt Lake City, was elected president of the. American Bankers' association at its 63rd annual convention today. to-day. - Adams, who succeeds President Presi-dent Tom K. Smith of 'St. Louis, Mo., was born in . Idaho Falls, Ida., and educated at Utah State Agricultural college. He entered j the banking business as cashier of the Hyrum State bank, Hy- rum. Utah, subsequently became cashier of Thatcher Brothers Banking company at Logan, . Utah, and executive vice-president of the First National bank and First Security Savings bank at Ogden, Utah. He is a past president of the Utah Bankers' association and during the past year served as i first vice-president of the Amor-j ican Bankers association. : He is a Republican. j BOSTON, Oct. 13 (L'.H) American Ameri-can bankers were urged today to adopt conservative policies lest their functions be placed under federal control in the "inevitable" next business recession. Notwithstanding the recent depression, de-pression, many people seem to think "that conditions will continue con-tinue forever to improve," H. M. Chamberlin, vice-president of the Walker Bank and Trust company, Salt Lake City, Utah, told the State band division at the American Ameri-can Bankers association's 63rd annual an-nual convention. Inflationary Practices "In their enthusiasm," he said, "they will undoubtedly extend themselves beyond conservative bounds. . .business and banking are contributing to those inflationary inflation-ary practices by a loosening of credit terms and policies. . . should banks be not well prepared to meet the next recession, it is entirely en-tirely conceivable that their functions func-tions will be taken away from them and placed under federal control." D. W. Bates, superintendent of Banks of Iowa, warned against "too drastic a reduction in unit banks' 'in favor of branch banks. |