Show progress mostly due to credits byj by J H president Preil dent the american bankers association AVE you eyer ever thought how much of our business is i 41 d done one through instruments of credit let us mark our advil at P per cent e it is approximately irately true that 0 only ikc eight i gh per cent of all that we wedo do commercially merci ally and in every other way is paid pad for or in money while ninety two per cent of american progress rests on instruments of credit is done by means of f notes 01 tes bonds trade acceptances checks J akse those things which express credit im agine abny how ci civilization would woul d be retarded ir if i we demolished our banks and destroyed our credit s system we would go from one hundred per cent back to eight per cent thiloh of the comforts the conveniences the nee necessities that would disappear ninety two per cent of everything 1 H loher would disappear but for credit it t rests on confidence what begets confidence gi r I 1 believe we are going to recognize some day business which does nat serve civilization but will t W ires result alt in its rum ruin will vl net be permitted to exists exist at is going to come aa w put more mor e chara character ater into |