Salt Lake Telegram | 1936-09-25 | Page 5 | Bankers Urge Expense Cuts

ANKERS URGE i EXPENSE CUTS CUTSY Y AN k FRANCISCO 1 CISCO Sept Sept- 25 UP- UP p- p declaring federal state stat K l lot local al governmental expendi- expendi Its rs es should be bo brought more more- def det- under control bore boro approval of the American Bankers Bankers' elation as some some delegates delegate the organizations organization's Uon's annual Invention started homeward Expressing confidence in I the credit of oC the the- United yea tes of America the resolutions fed d d for lor a return to balanced gov gov- budgets file ile unusual circumstances U Jl efforts to relieve hu- hu suffering offering and deprivation un un- emergency conditions condition may jus- jus b unusual expenditures of pub- pub funds t they ey should not be aled alired al- al ired ed to obscure the vital fact that thai definite d finite return to a a. balanced get should be the prime consid- consid Lion tion of a sound fiscal policy resol resolution Uon stated Q Coordinated Taxes fie y II e report of or the resolutions com com- ties adopted at yesterdays yesterday's clos- clos session also indorsed immedi- immedi i to coordinate federal state municipal i taxes and arid eliminate flapping The e uncertainty and hesitation created by the flood of taxes and by frequent chan changes es esthe the form and effect of old taxes v ye re a serious and destructive ett eft cf- cf l t upon business activity the port ort declared Taxes should be i in form Another section of ot the tho report ged led rigid lim limiting Ung of t new new banks avoid void over banking the nan nan nain na- na in n n and declared national probe nis e 5 unemployment of-unemployment of budget def- def ts lS and taxation are are nonpartisan and nd call for joint effort and ty of purpose of our people I Tom om K Smith new association f who is head of the Boat- Boat Boats Boat's ihs ih's ii's s 's National bank of St St. Louis o said sald ho he would continue thelic the lic licy of ot regional conferences to icuss cuss banking problems started the retiring president Robert V. V r ming mint of oC Washington D D. C. C i I v Later Selection election Selection of next years year's convene conven- conven n e n site was left to a committee report later Boston was consid- consid ed d a likely selection although an from Mexico City bank- bank to to meet there w was placed in record H few delegates remained here herec herer c r the h bankers' bankers annual golf tour- tour ment ent today I. I The e C association expressed I de for Flemings Fleming's leadership the thet St t year and anil declared its regret at t f illness prevented an expected dress by Jesse Jesso Jones chairman the Reconstruction Finance cor- cor ration ration Jones who had been here ng ing from a recent illness left for fore Ii e east Sunday stating he did not eel tal well enough to speak before e group