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Show - ' " Utah Bonkers Told Hunger tlo. 1 Problem Food Question Called - More Vital Than - j . U. N. Effectiveness By Robert W. -Bernlck Manchester Boddy, publisher of the Los Angeles Dally News, declared de-clared Monday it would be wiser for nations to cope with, the menace men-ace of "hunger-driven mass man,1 rather than establish an "Ideal world constitution.'' Bankers Program Monday, 7 p-m. A anna! banquet, Salt Lake Country club. ; I Tuesday, 9:80. sun. Ad- -dresses by C Edward Dahlia, Chicago; Maple T. Hail, Washington, D. C; Marriner S. Ecclea, Washington, D. O, and Ogdesw ' I 11 awnw Committee reports, election of officers. I 12 aooa Adjournment I 1XM pjn Utah members t American . Bankers' A sen . meet ,H addressed his remarks to more than 200 delegates attending the two-day 40th annual convention conven-tion of the Utah Bankers' Assn. at Hotel Utah. I "What is to be gained by creating creat-ing an ideal world constitution, a set of International laws, a court of justice, disarmament, religious freedom, educational facilities, etc, if the entire structure may suddenly be swept away by the most primitive, compelling force that exists in the world today-plain, today-plain, simple hunger?" Mr. Boddy asked. r I A student of the problem of hunger hun-ger in the world, Mr. Boddy said that "In effect are we not really striving for a world organization that will force people, doomed to die from hunger, to do so, peacefully. peace-fully. In an organised, orderly, brotherly manner T" j He said he was "by no means" opposed to the United Nations organisation or-ganisation or world organisation. Tm pointing out that the problem prob-lem of feeding the world must come first Without it we cannot can-not have world organization."! He added that two-thirds of the world's people are undernourished today. Half are actually living close to the starvation line. . Earlier Ray P. Dyreng, president of the UBA from Manti, listed this seven-point program, which he said was "necessary if Utah i ,ta continue her industrial expansion": L The end of inflation, which, if unchecked,' will " destroy I all values. 2. A recognition by the people of Utah that the purported grants 8ee Page t. Column 8 UTAliDAQEPJ Coattaaed frees Page Oae from federal end state governments govern-ments are in reality only additional hardens. to be supported by the people, 3. Rstessloa ea local levels of control ot government. 4. Realisation by Utahns of the necessity of, "giving an honest day's work for a day's pay." . . . V Development of a tax structure struc-ture which will induce industries sad risk capital to invest in Utah. 6. Development of natural resources re-sources la the stats to the greatest extent possible by Utah dtiatas with Utah capital. 7. A realization that all of the factors in making up total costs of deliveries in any commodity at market must be greater in Utah then- at. any ether competitive point . lTiitaai 1 Maple T. Hart, Washington, D. O, and Canyon City, Colo chairman of the board of the Federal Fed-eral Deposit Insurance Corp, said that for the "last five years, not a single depositor with over 85000 In an insured bank has lost a dollar."! His billion dollar corporation! guarantees deposits of np to 850S of all bank patrons covered by FDCL ' He added that every dollar collected col-lected from banks throughout the nation by assessment for FD1C coverage "has remained intact aad unspent." . v The government subsidy for ths corporatioa will be paid back in the near future, he added. During the 14 years of its existence, exist-ence, ths FDIC has mads disbursements dis-bursements totaling 8307.000,000 for ths protection and benefit of 404 insured banks. Collections on these disbursements have equaled 8298.000,000 . . . "making our loss experience on disbursements only a little more than 8." Mr. Harl said. Aid to InOatioB Evans Woollen, Indianapolis, Ind., who Is scheduled to assume office as president of the American Ameri-can Bankers' Assn.. told the finan-cderm finan-cderm that extension ml federal credit was creating an inflationary inflation-ary situation. "Such credit extensions should not become a part ef the regular fiscal policy ef the government, except ex-cept in emergencies," he added. Mr. Woollen noted that the ABA had requested member banks to counter Inflationary tendencies ten-dencies by curbing loans for projects proj-ects which do not contribute to production of goods. Resolutions protesting legislation legisla-tion permitting savings and loan companies to bank governmental and fiduciary funds: and asking for curb of inflationary loans by the government were scheduled to be presented the convention Toes-day. Toes-day. R. C Wilson, vice president of tha First Security Bank, National Ansa, Salt Laks City, is chairman chair-man of the lesurutlone committee. The convention also heard John M. Wallace, president of Walker Bank and Trust Co, In an address of welcome, and an inspirational talk by Rev. George J. Weber, ml aister. First Congregational church. Salt Lake City. H. EL Crandall, Saline, executive execu-tive manager of the association, delivered a report of the- secretary-treasurer. Tuesday, the delegates will hear addresses by Marriner S. Kcclea, member of the Federal Reserve board, from Washington, D. C, and Ogden, and C. Edward Dahtin, attorney,'. at-torney,'. First National Bank of Chicago. - Election of officers win be followed fol-lowed by a meeting of Utah members mem-bers of the ABA at which sessions ses-sions a delegate to the national convention of that group win be selected, . |