Show l- l lq q BANKS CARRY THE LOAD Banks have maintained a remarkable re remarkable re- re record of efficiency cy I. I during past years of world dis- dis dis to u r The banking industry might almost to be classed as a p public S in that it is serves utility serves ever every every- j- j y e 1 b body 0 d y v The remarkable growth and dev development development de- de v of this indu industry try has been brought about by private s f energy and initiative Like all successful industries S 'S banking is subject to political attacks attacks at- at 5 tacks of one kind or another s The Partisan Non-Partisan league wants state bands operated at cost In Oregon a freak law is proposed to limit legal rate of interest to r 4 and 5 percent thus driving all alII funds for lo loaning ning purposes out of it r. r the state The government cuts in on the banks with different forms of r money l loaning aning to special classes I at reduced interest rates th thi the 1 i- i deficit for which is born by the taxpayer t- t It is the private banks however however however how- how ever which cary carry the financial load of of th the nation and nd it is is to public interest to reject 4 policies and measures r w which ch tend to limit and reS retard retard re- re S tard their legitimate growth |