Show MALIA SCORES BANK CRITICS Declares There Are ire M Many ny Splendid Bankers at k rs in Business PROVO PROVO American n bankers are unfairly bearing the brunt of criticism for the financial pred predicament cament of ot the country at the pr present sent time J. J A. A Malia state banking commissioner declared in its his address here Thurs Thurs- da day dayAs As A a class the bankers have lost very greatly in prestige during the past few years he continued The reason for this condition was a number of ot spectacular revelations of sharp practices and actual crookedness crooked crooked- ness on the part of some bankers who occupy high position We Ve Americans Americans' excel in the vicious habit labit of generalization Mr Malia asserted One banker goes wrong we suspect all bankers But all aU bankers bank bank- ers era are not dishonest There are arc many splendid banks piloted by splendid men and I can say that the dishonest banker is a rare exception Facts to Be Told But all this impresses the necessity necessity sity o of telling the country the facts about the banking business and I wish I could impress this upon the bankers Here we are at the beginning beginning begin begin- ning of a year that wilt will undoubtedly make banking history Whether we believe relieve in deposit insurance or not the public is eager for the facts connected connected con con- therewith If the bank bankers rs do donot donot donot not wish to express a an opinion the facts themselves are an an n interesting story bad fand will satisfy the demand for information The banking code which will eventually become effective tive Is full tull of information which the public is demanding and the bankers cannot depend too much on the news stories alone doing the work for them These two even events event the installation of deposit insurance and the code of ot fair tail practices will make banking history this his year car From personal experience ex cx we kno know that the public Is ismore ismore more nore than anxious to learn about them hem Here is a natural setup setup- epochal events and an interested pub- pub lice ice Bankers will wait a long Jong time before another oc occasion arises whereby whereby whereby where where- by they can do so much to undo the mischief and misleading publicity of the past few years and do It with so little effort eUort Intimate Bank mk Blame It is intimated here and there that perhaps the banks are somewhat to blame and that they are not cooperating ing as they should in the recovery program pro pro- gram particularly in the matter of loans Since bank earnings normally reflect the business activities of the communities they serve the suggestion ion tion that banks are Intentionally re- re Larding aiding b business siness recovery is obviously obvious obvious- ly y too absurd to require answer If Ift it t is true that business Improvement Improvements is s being delayed at this this- stage it is not because the public lacks confidence cant conCi dence in the banks or because the banks janks arc are unwilling to do their part in n legitimate financing but because there is a lack of confidence on the part of the business man We need commercial confidence in the present situation The banks do not particularly particularly need new depositors but new and md worthwhile commercial borrow borrow- ers And And- that's what business as asa asa asa a whole needs too too men men and concerns con con- coni jerns cerns to borrow money with which to expand operations increase facilities facilities ties and create new enterprises |