Salt Lake Telegram | 1932-05-20 | Page 2 | Mutual Banks Ask Debt Talk

MUTUAL BANKS DANKS ASK DEBT TALK NEW YORK May 20 The W-The The National National National Na Na- Association of Mutual Savings Banks today indorsed a plan for immediate immediate im- im mediate appointment of a commission to negotiate with foreign countries for foran foran foran an equitable adjustment of debts on the basis of cooperative stimulation of international trade The association now In convention passed the following following follow follow- ing ing resolution resolution- That the National Association of or Mutual Savings Banks representing over member depositors with aggregate deposits of over ten billion dollars indorses the suggestion made to the president of the United States by eight American railway brotherhoods for the immediate appointment ap- ap ointment of a 3 commission ion to negotiate ate with foreign countries for an ane e equitable adjustment of the debts due to the United States from foreign gov gov- on the basis of active co cooperation cooperation co co- operation on the part of ot such debtor governments government in the stimulation of International in international international In- In trade between them and the United States State