| Show NATIONS NATION'S FINANCE STANDS TEST WELL Economic Policy Commission of Bankers Association Points Out How ow Banks Protect Pub Pub- J lie lic Interest O OVER VER banks all over tho the United States are quietly and efficiently serving their communities communities ties helping tide many business enterprises en en- over their difficulties helping helpIng help help- Ing many concerns to earn money helping create creata the economic activities activities ties ties- that mean payrolls and spending spend ing power In their zones of ot influence ence once and faithfully keeping guard over the working capital and savings sav say ings lags funds funda of ot their depositors the Economic Policy Commission of th the tho American Bankers Association BaysIn says Bays In a recent survey adding It flIt surely stands strikingly to the credit of ot the banking profession that during a period of unparalleled international economic depression this vast majority of ot bankers have so competently so 80 courageously and so successfully met their difficulties difficulties dim and obligations The effects effect of tho the drought the demoralization of ot agriculture tho the stagnation of I In the breakdown of ot trade th inability of ot so many heretofore desirable de do customers to meet th their lr obligations obligations obIt obIt- gation to the banks the impairment impair ment meat of public confidence by mob- mob scares and false rumors resulting i In lii unreasoning runs tho the abnormal depreciation depreciation de do of quoted security values even in the most wisely conceived investment accounts the utter collapse collapse col col- collapse lapse of ot real estate values values all all these things have occurred on a nationwide nation wide and worldwide scale with un un- severity The effects of every one of ot them have assailed the banks with destructive destructive de de- forces because they are of ot the very essence of a banks bank's economic economIc economic eco substance Yet as shown the great bulk of our bankIng bankIng bank bank- Ing deposits has bas been protected without harm and our banks In hi a avast vast majority have continued to serve support and strengthen their customers and t their lr communities with unflagging and devotion |
