Show A f t. t 9 Man Many B s 1 Mt T Cuban uban Td Trip ST. ST PETERSBURG Fla pia De Dec 11 The AP fourteenth ann annual a c convention convention con con- n n of ot the American Inv Investment Bankers closed h here re today Three I hundred of the delegates In atten attendance at- at atI I ten dance departed this afternoon for Havana C Cuba ba while the re remainder re- re left for their h homes m s. s The closing g days day's program was featured by an address delivered by W. W S. S Gifford Giford president of the American AmerIan Telephone and nd Telegraph company Mr 11 Gifford spoke on Significant la actors tors in Our Economic Economic Eco Eco- co- co Progress The relation of business and government government gov gov- t is bec becoming more clearly defined d and It Is Ia being recognized th that hat t the friends of each a are ae e Independent independent inde Inde- pendent and that each can properly assist the other without interfering with the other Mr Gifford said BENEFIT IN REGULATION Not so long ago he stated the business World was opposed fo Co o any form of ot government regulation but toda today it is felt tJ that t such regulation can be worked ou out with every pros prospect pios of ot advantage Calling attention n to the present Conti Continued u d on page 4 4 4 BANKERS' BANKERS ROOM I YIELDS LIQUOR IN 11 FLORIDA RAID Continued from front page 1 trend rend toward public ownership of ot large arge enterprises Mr G Gifford If ford noted a relative e tendency toward a different dir dif ferent terent responsibility of ot management manage manage- ment ment the management t becoming I In n effect trustees for tor the Invest invest- ments meats of ot large arge and scattered bodies of ot people With It also he lie added would seem to go a change in the relations relations rela- rela ions between labor and capital The old master and servant Idea dea which almost necessarily existed when the tle owner was yas as the thema manager manager ager is given place to a system based more on the spirit of ot operation co-operation than of ot conflict NATION BECOMES N NEIGHBORLY E I C H B 0 R LV With the increased facilities for transportation and communication the speaker pointed out the en entire entire entire en- en tire country is becoming rapidly homogenous The North the East South and West are each losing wha whatever peculiar and distinctive qualities they had and the country country coun coun- try as a whole Is becoming a vast neighborhood Dwelling on th the Idea of ot the nation nation nation na na- na- na tion as a a. vast ast economic neighbor neighbor- hood and remarking on the growing growing growing grow grow- ing appreciation of ot culture and art artin artin artin in the United States Mr Gilford saw the nation entering upon upon an anra an era ra of ot Increasing material well be ing lag based on an and some somewhat hat delicately balanced or organization organization or- or of ot its business ties |