Show WALL ALL ST ST. BANKS CURTAIL COST GOST 1 Many Large Institutions Are Ae Dispensing With Unnecessary Unnecessary Un Un- necessary Help NEW YORK TORK Sept 3 Wall al Wall street treet like other l sections is being subjected to ta what what might be bc called caled a house houle cleaning Many Inn large Irlo financial institutions and Ind brokerage rag houses are Iro dispensing with a B lot of ot unnecessary unnecessary ces' ces sary pary help hep Expense Is I being curtailed In every ery quarter during the present depression and it is la only natural that payrolls should see seo considerable cutting hero here and there During the summer man many of ot the larger larler b banking Institutions hare dispensed with wih hundreds hundred of ot har tOne aOne One of tho the large banks let several hundred go 10 quite r recently ent Bank having lar largo large e foreign branches brAnche or orI connections are aro the oes oel that are cutting I down doin forces Certain banks bonks are eliminating branches In tries tries and am AM W It is difficult to place such nuch fuch at home hom Jut Just JUtt now their services are aro dispensed with willm altogether Queries In banking circles circle circes about numerous reports report o of largo large o reductions in staffs elicit the Information that clerical forces are being be be- ing reduced hero and anil th there re to meet mert tho ho smaller business being dons don during tho ho the present dull dul period There Is 11 no wholesale discharging of only those whose whole services can well bo be dispensed with nt at It this time are aro being let go GO Bankers point out that during the war period and shortly thereafter many new departments were created cre to handle the e new no business busi- busi ness but now the situation has changed and Ind many departments department ar are aro going through h tho the process of elimination and only the tho ca capable abla and ami proved c Is la being r re retained re- re tamed b by transfer to somo 1010 other depart depart- mc ment n t. t Curtailment of or banking payrolls payroll is not confined conned altogether r to foreign branches but home departments department that are Interrelated to thol foreign associations arc are being reduced Bankers explain that th the diminution in foreign foreign for for- eign ehn trade th general 1 business let up are aro responsible for tor tho weeding out process pro pro- ce coca cess One banker said I There Is II no discharging of ot help To curtail epen expenses es at this time during during dur duro ing th the period of depre depression we are rel reducing uc In inc ing departments hero here and th there re where teas feaR ible Tho The man or woman who vho has proved his hi hisor hisor or her worth or who has stood out during tho the period of activity finds his lis hil or her he Job still Int Intact ct One remember that thai durIng during dur dur- ing the busy period of the ilia tho war and shortly following banks and business houses houle had har to be content with wih help of almost any kind to carry carryon on tho the enormous derailed work constantly con con- arising Toda Today conditions have The Tho world la is again settling down slowly 1 to bo be sure to a I normal basis basil and anc while this Is going on economy must be the watchword w of not only ih the banks but every manufacturer business concern an and indi vidual I |