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Show BANK CREDIT TO CURBJNFLATION How bank credit is to be used I i curb further inflation while providing ample financial assist- I iice to encourage production, fas explained to a group of bank officials and loan officers of the 1 first Security Corp. system of I Junks in Ogden this week by I George S. Eccles, president. Mr. Iccles recently returned from a fleeting of American Bankers association held in San Francisco there plans to enlist the volun-ry volun-ry support of 15,000 banks liroughout the nation in a pro-;am pro-;am to fight inflation were explained ex-plained to a group of intermoun-fcin intermoun-fcin and Pacific coast bankers, j Terming 1948 "the crucial year" i the nation's economy, Mr. iccles advocated a careful screen- . tig of credit applications with a i 'olicy of providing ample credit hat will aid in production and : estricting credit for speculative mrposes. "We have, and will ontinue to supply credit for all legitimate purposes," he said, but we will withhold it whenever when-ever we deem that extension of 'edit may further feed the itream of inflation." "The campaign against high fmccs and inflation being carried Jm by our banks and other banks Jhroughout the nation does not jnean any lessening of bank cre-lit cre-lit services to individuals, business busi-ness firms or farmers," he point-'d point-'d out. "We simply urge that eople avoid increasing infla-lonary infla-lonary trends by postponing un- i Pessary purchases. If history 'epeats itself their dollars will , uy considerably more later on." - Mr. Eccles listed a 5-point pro- : gram which he advocated should adopted by the public gener-"'yn gener-"'yn the current "fight infla-. infla-. 10tl campaign: Buy only what 'ou need now; borrow only for essential purposes; spend care-uiiy--avoid 'black markets; save egularly in a bank account, and nvest regularly in U. S. Savings |