Show I I II We have heretofore mentioned the fact that Canada has gone one I through the depression without I a bank failure England has had no bank failures These countries coun tries have been as hard hit as the I United States Since 1921 the United States has had some 12 12 I bank f lures to I of them n the present depression What is the answer Government officials and financiers are now studying the matter The American Ameri Ameri- can system is one national system of unit banks and 48 state systems 1 of unit banks Canada has 10 na national na-I na banks chartered and supervised supervised super super- I by the government All other J I bank are branches of these 10 I In this county the principal argument argument argument ment against branch banking or orI I Ithe I centralization in any form is that the money power would be concentrated con con- con I I more strongly than at atI I I present which is said to be aga against I I the American tradition But in any community which has suffer- suffer I 1 ed from a bank failure there is a aI aI I I general sentiment that tradition I can go to the dogs if we can be j I sure of solvent banks and I conti-I dence which alone will allow business business busi busi- ness to proceed without Interruption tion and without fear |