Show f AND OIL NEWS NEWS L Edited by Ira C C. Tichenor 1 SPRECKElS URGES COOPERATION OF BANKERS Financier S San an n Francisco i Makes Plea for Caring for U. U S. S Needs 1 1 0 many new and many t A As the war progresses f our government government govern- govern confront difficult problem problems Every American people ment ent and nd the questions questions' of finance involving p problem financial resources re- re our solved provided can be and Sees intelligently marshaled fJ sources are Spreckels iteS- iteS administered says Rudolph wisely bank 1 prudent the First National eta els president of of San Francisco In discussing purchases certificates I of treasury I Is felt by most bankers Much uch concern demands made ade enormous of ot the b because cause their resources by the government upon financial ancla for the burden burdea of caring government as well requirement of ot our the needs of business must fall upon as the of the nation It It therefore banker to give serious behooves every detail relating to every consideration to fully rully meet may thIs great task so they nation and its Us their obligation to this people a a. time in the history I never was There There- when there was so 0 much country ot of this cc- cc Is now for unselfish need as there bankers Just now our I CO-I among operation of the placing efforts are centered upon anticipation of certificates in I treasury bond issue I 1 deplore another national decIded to Increase Increase In- In the fact that it has been cent I rate to 4 2 per Interest crease the been better to edu- edu think It would have understand they e could cate the public so of buying government the desirabilitY lower interest rate and thus at the bonds interest rates upon avoid forcing and up other loans on to the the public added I passed which is cost COlSt of multiply our economic economic eco eco- tends to further and and social me that dlf difficulties the bankers In the to me t t seems great service a render United states can their by Impressing upon t the natIon the f desirability ot of helping clients the It now securities place the government Increase that offers promptly so future IssueS with of Interest rates on other effect upon its ts depreciating Influence upsetting and the general business may be have upon it would treasury The purchase of prevented Individuals and corporatiOns cor- cor c by banks I cor-I should be ba encouraged in order bank resources may that the drain upon during the interval 1 come graduallY 1 ceding the next bond issue |