| OCR Text |
Show THE PRICE OFI OFBUSINESS OEBUSINESS OF OE I BUSIMESS BUSINESS SPEEDi SPEEDBanking SPEED SPEED'Banking , J i 'Banking Banking I ' Institute Speaker Says SaysThat SaysThat That Bank Failures FollowedBusiness Followed _ Business FailuresCHICAGO Failures Failut"es Failutes FailuresCHICAGO " CHICAGO CHICACW , InMany III-Many III Many Ill In -Many Many - Many appear to tothmk tothink tothink thmk think that failures occur occur ccur onh only onl } to banks banksbut , . but the complete story of oC business businessshows businessshows businessshows shows that failures fallures of Amencan Amellcan American bauJ.s bauJs banks bauJ.shave bankshave bankshave . have follo\\ follo followed folloed ' \ ed the failure of oC bus business businessenterprises businessenterprises mess messenterprIEe enterprIEe enterprises , and hale hae hate , not been a cause causeof of those faBUl falluies failures es , Dr Hirold Ihrold tilrold Stonier StonierNational , National Educational Director Duector of oC the theAmerIcan theAmerican theAmerican AmerIcan Bankers Association AssoclatlOn de dedared + dared clared in a recent addl addicss address ess here before beforethe beforethe I Ithe the American Ameflcan Institute ot or of Banking Bankmg BankmgI Bankmg"It Banking"It Banking"It I "It It " Is true that we . ba have base \ e had bad more morefailures morefailures I faIlures in oui OUl banks banJ.s banJs . than in the banksof banIs banks banIsof banksof , of a number of oC other cOl1l1h countneb couutiiea Je : . banIsI , , he hesaId heI hesaid hesaid I saId 'It It ' is h s alsfl alSD also true true'that truethat true'thate ' . that \\e e "e we \ " \ ha\ ha hae hate ha \ e bad had hadmore hadmore I more failures in drug stores grocei groCel grocery } ) I , Istores stores , raJlroads railroads . , and In e\ e ear every \ ar ) otbei other " I t- t tvpe tpe type - pe of or business enteipuse entetpiise entellH Ise At the thesame thesame ULsame same time , it must be said that we stil sun still sunba stillhatie : ha\e ha e bae hatie ba\ ba . \ e left after all our { failures allures more moredrug moredrug mordrug drug stores , more grocery stores , morrailroads more moreraJlroads morerailroads raJlroads railroads , and more mort : banks than any anyother anyother another ? other country " People do not realize reahze he lie said , . that thatwe thatwe thatwe we have in excess elceS8 of oC 108 banks which whichI whichhae whichhate whichha I , ( ha\e ha e hate \ e been in existence over a century centuryand centuryand centuryand and we have more than 2 000 blll1.S blll1S banks blll1.Swhich bankswhich bankswhich : . which have been in existence over 50sears 50 50ears sears sears"In ears ears"In "In In " otherords other \ words \\ords ords , we have more banks banksover banksover banksover over 100 years of age than any other othercountrywe othercountrywe othercountry country-we country we - we have more banks over 50 50years 50years 50years years of age than any country in fn the theworld theworld theworld world , " he declared 'The The ' The Aciericaa'banking Aciericaabanking American AmericanIbanklng Americanibanking Ibanklng ibanking ' system'has systemhas system.has ' . not Dot fallen down- down down(1t downIt down downIt - (1t 1t ( failures It Is fs not in danger of ot decay Such tal fail falliures ! ures as it Jt has experienced are due to tothe tothe tothe the price ve we \ , e pay tor for too rapid develop'ment development develop develop'meat ment 'meat meat ' . of or bueiness bu.ines3 buines3 business . enterpuses enterptlSes enterprises , , but that thatifs that1 ifs \ la fs the American spIrit ap i rit " " _ |
