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THE TAE SMf.E SMfE SMECUTRY SMECUTRYBy . _ GDUNTRY /By By / I IBy By ROBERT ROBBRT V rLJMJNG 1'LCbilti'G 1LCbiltiG rLJMJNGJ'lce FLEMINGVice ' : ' I rLJMJNGI J'lce Jlce 'ice ice { ' 'resident resident 'reSldell reSldell Prestdcnl [ ' [ ' ' . . , A American Ane"cntl Aracrrcnrr ne"cntl necntl , " Bntl Bnrrtcrs Bnrrtcrsrtssocnhon BankersAssociation 'rs rs ( ' I 'rsI A rtssocnhonTheie Association Anoc'ntlon rtssoc/nhon rtssoc nhon Associationi noc'ntlon nocntlon noc'ntlonI noc'ntlonThel ' / I i giottirioappreciation'bothI giottirioappreciationbothI Thel Theie e is a gl giowIii 0\\ 0 0in \ \ in . ; ; appreciation Toth Tothon ' . both bothon I bothI on the part of the people and HIP thp the GovI Governmrnt Gov I | < > prnmrnt rnmrnt ernmrnt of or tlie the earnest . anil .md md and sincerei sIDcereI sIDcere sincere sIDcereeffort sincereeffort _ efforts effort . being made madec madeby I c < : " z zby by bankers to aid aidI aidfjfF4 aidIn I fjfF4 , < " 'fiJ1 fiJ1 ' : : l In recovery recoery reco\ reco \ ery It i ig " < -g g - 4 desirable thil tht that , we , v\cS v cS \ ( ' . k : $ kr : r 1 'nlss nlss miss ' Iss no opportut opporlu opportu opporluJ I t ! . ; nity nily oily to fostci fostel foster pub pubiv J r % b blie % | 1 lic IIc lie undel undeistanding undeistandingr " " 'Is's1'111'1 Iss11111 ' ' st'ndln stndln ' ' ' ! " ? ! . / r > [ 1 ' " ' 1 1nt 1 lt ot nt ) tbe the bankers banker , > JA- JA bankersJA JAi6 - a < i6 , . Problems ProblemsVe \Ve Ve We 1Ve \ al alt altIts anMw t igWL $ - t , - . ; / 11\ 11 Its Ihing 11Ing \ Ing in an 19c ag ( ( S . < ! ; | if , ) t f compleand complex comple\ comple ' \ andrs and rs rsupset } , . : I g upset eco economic economicconditions no m I r . A " economicH conditions conclltlon . Our Onr ar of afw J 11 ' 1 fairs are close closelyinter closely ) inter II1ter relitcd rehted rented not notR nota R a 1 \ f < L ( LE\1IN LE 1IN U\IINC U IINC LE\IIN IIN ! \ ( . , only onlythln " " ss \ ftlthin \\thln thln .thin thin ! . the theconfioes thetontines connncs confioes tontines of ot our ouron ourown on 0 " n borders bu but t e\ e c\tend c tend etend extend \ ' tend to other coun coon coontries countries conntries tries throughout througbout the iorld \ orkl orld , . 1 ' 'Ihe Ihe ' he Greatest DifficultyI DllEcultyI DllEculty Difficulty I think tbinl the 11 gi ; gicatest catest difficulty difficultye \\e e \ w \ \ e have haveto haveto haveto to 0\ 0 overcome 0crcome osercome \ crcome in America today is due dueto dueto dueto to oui Oul our impatience with wltb the progress we weare weare weare are making makmg to\vaids to vaids to\\alds alds towards \ \ recovery We must mustI mustrealize mustlealize I ealize realize that thathle \\hle hle shtie \ \ \ h lie ( the tbe Goven Govert mcnt ment can canhelp canhelp help by b ) dh dli dtiecting ectln ecting sOl1le some measures tor ror for re rehef relief relicf hef lief and recoveT reco\ reco recoel recover \ el } ) , , we \ e must help ourscl\es ourscl es our oursel ourseise sel\ sel sele13 seise \ \ e13 ' , by b } ) doing domg our share to give 1m Im 1mpetus Impetus impetus petus to tlie the Govcinments Governments Govel nment s efforts We Wehae Wehave Wehave ha\e ha e have \ the same counliy counllY country and baslcilly bas1c1l1y basically the thesame thesame thesame same businesses buslDesses , , tactones factolJes factories and people peopletine people\\e people e tine \ \ e had prioi prior to the depression , and andbUS1I1CS3 andbusiness andbusiness bUS1I1CS3 business initiitlve Inlthtlve intuitive must step forward forwardif If ical leal real recovery is to be achieved achievedThe achIevedThe achievedThe The theory theorye \\e e sse \ \ e often oHen hear e\pressed e pressed expressed epressedthat expressedthat expressedthat ' \ that banks Cl cicite crepe e1le business activity Is Is"rang iswrong isftrong "rang rang wrong " Sinking B1nking Blnking cin C1n can only make a sup supplementary supplementary supplementary plementary conti contubutlon contubution Ibutfon to business ac actl actisity acti\Iti acti Iti tl\ tl tlit tisity \ \ it ) Ban Bankeis Bankers kel s hale ha , e the facilities and andthe andthe andthe the desir desire ( . to extend extcnd ciedit credit CI edit , , but busl bust buslness bustness buslness ness must initiate acthlty actlslty acth Ity by seekingthe seekIng seekIngthe seekingthe the CI ciedit ciedithich edit \\hich hich which \ \ hlcn is 1 icadib readily eadll ) available to toall toall toall toallorth all worthy \ \\orth orth \ \ orth ) borro borrowersLet borrowers borrowersLet " ers ersLet Let it be said for tor business however howeverthat , that business busmess men are as eager as bankers bankera bank ers era to contribute towards recovery 1thin 1think 1 thin think ) . some of ot the trouble lies Hes in the thefact thefact thetact fact that too many legislative measures measureshave measureshave have been proposed propoqed for reform which whichleave whichleave whichleave leave an uncertaint uncertainti uncertainty ) in the minds of ofbusiness ofbusiness ofbusiness business leaders as ac ; to their eentual eventual eventualoutcome e\ e e \ entualoutcome entual outcome and effect Consequently , they theyhesitate theyhesitate theyhesitate hesitate to expand until the prohable probable prohableefiects probableeffects probableeuects efiects effects of such legislation are known |