Show T E SM S I Y j t E COUNTRY GUTRY n By ROBERT HOBERT V. V FLEMING Vice rice A It m mo rica lean Bankers Dakers II Association There Them Is a growing appreciation the part of ot the people and anil the Government GO nt of or the earnest and ami sincere efforts a being made b by y to aid aidin aidin aidin in recovery It Its d is s desirable le lehat if hat we miss no not t w to r osier oster p pub public b 1 11 I ci c 1 i n J h nt f t the bankers bankers' pro problems W e elIe ev lIe o It Ih v lu In n an ange a age ige of oC complex 4 4 v and nd upset econ eco eco- A n fl o 0 m 1 I c condi condl Our aft af- af t K H. V. V fU CLEMIN fairs rails are close doge ly related Interrelated not only within the confines of ot our own o bor borders ers but extend extend ex ex- ex tend to other countries throughout the world The Greatest Difficulty I think the greatest difficulty we have to overcome In America today is due ue to our Impatience with the progress we are making towards re reo re- re covery We must realize that while the Government can help by directIng direct direct- Ing lug some som- measures for tor relict relief and recovery recovery re reo re- re covery we must help ourselves by d doing our share shaie to give ghe Impetus to the Governments Government's efforts We have havethe havethe havethe the same country and basically the same businesses factories and people peo people pIe we had prior to the depression and business initiative must step steptor tor forward ward If Ie real recovery cry Is to be achieved cd The theory we often hear henr expressed expressed ex ex- ex pressed that banks hanks create business activity is wrong Banking can only make a supplementary contribution to business activity Bankers an ers have havethe havethe havethe the facilities and the desire to extend extend ex tend credit but business must initiate ini lul- activity by seeking the credit which is readily available to all allworthy allworthy allworthy worthy borrowers Let it be said for forr business however how ever that business men are as eager as bankers to contribute towards re re re- re covery I think some of ot the trouble lies In the fact that thai too many legis legis- legislative measures have been proposed for Cor reform which leave bate an uncertainty uncertainty In the minds of or business leaders lead ers as to their eventual outcome and effect Consequently they hesitate to to expand until the probable effects of oC such legislation are arc known |