| Show BANKING EVOLUTION f 1 Br Sr RS R. R RS S. S HECHT fil Ait talent 11 ft one ODe time was a private print BANKING business but more tnora recently has baa developed de de' developed Into a profession a a semipublic semi pub pub lic lie profession This M i change h has a I not l ome suddenly but butIs butis WH Is the tha result of or an V d evolutionary proc pros ess essL flanking baa bas a grown rown and aDd changed i 1 with the growth and andt t change hange of oC our cones coun cone s tr try h The banker who nag MS survived the trials and lions of the tha past few years ear s has hu II proven a aman aman aman R. R s. s man of courage and ability and we wo may well esp expect ct him to meet the problems that Ho lido before him with resolution and sound lound judgment Changes Of f momentous Importance have occurred In our economic structures structures tures and bankers have had a difficult road to ravel Some ome will argue that all allot of ot these changes were evolutionary and inevitable while others loOk boll upon many of them ac ae revolutionary and difficult to to trace ear sar sary It Is la extremely with any degree of or accuracy the real causes for man many of or our troubles and It ItIs Itis itIs Is is not always easy In judging these developments developments developments de de- de- de tc lc distinguish properly between between be be- tween cause causa any and effect Unfortunately It has become the fashIon fashIon fashion fash- fash Ion to blame on our banking system all the troubles which the depression has bas brought As AI a coo consequence sequence we h hear bear ar much of needed reform of banking by byI law No one will deny that certain defects de I feels have developed In our existing banking laws which need correction I and that certain abuses were committed committed com corn milled which no one wishes to defend or have remain possible in 10 the future Never Nover before were bankers more determined de than they are today to bring firIng about whatever changes In our banking system are called for far by the public wel fare The best results can and aud will be ba accomplished accomplished ac ac- ac by normal processes and gradual adjustments of our present vats vale banking structure suitably structure suitably super supervised b by proper authority rather authority rather than by the passage of or still more drastic laws offering panaceas in the form ot of more owned government-owned or govern govern- controlled meat financial organizations Lasting laws relating o 0 an any phase of ot human need are formed and modelled In the rough school of or practical human experience and are usually the result ot or sound evolutionary processes rather than thao of sudden impulses to change fun tun principles It If w we analyze the new banking pic plc picture ture lure which has developed during the past eighteen months wo we cannot help but arrive at the conclusion that evolutionary evo evo- changes which have taken place lu in banking and the economic life of the nation of or which It is a part have justified much of the ho banking legislation legislation legisla legisla- tion Lion recently passed As we look ahead and consider the new problems which are facing us we must Inevitably come cometo cometo cometo to the conclusion that some Borne further changes In our banking laws will vI become become become be be- come necessary It Is not enough that bankers merely acquiesce In 10 banking Imposed by law Zeal for evolutionary banking reform must be more aggressive than that Banking practice Itself without compulsion com com- compulsion of law can and should reflect the changes and lessons of the times and difficulties through which the nation nation na na- na tion has passed and even to a greater extent than law render banking more trul truly a good public servant by voluntary voluntary volun volun- tary self reform In lu no small measure Is this accomplished by the better training of the members of the the bankIng bank bank- lug log fraternity and by Instilling constantly con higher Ideals in those who are ultimately responsible for bank man man- As we march on Into the world of ot tomorrow tomorrow to to- morrow the banker has a greater o opportunity op op- for tor usefulness than over ever before before before be be- fore and I l hope that the service he be will render to society will wI be so conscientious conscientious conscientious so constructive and so satisfactory tory as to merit general approval and assure him his logical high place and leadership |
