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Show I WH9RS MUST TURN I OUT MORE PRODUCERS B PrcBldont E. 0. Howard of tho B Walker Drothors Dank of Salt Lnko H City odd raised tho Btudontu of tho IB College of Comhiorco nnd DuslnosB IB Administration of tho I). Y. U. IubI HB week nnd In part nalJ:- Ifl "Thoro Is ji mistaken notion B nbroud," aald Mr. Howard In explain- 19 Ing tho functions In tho community IB of tho modern bank, "that banks and BB ''ankors aro iiiyatorlous individuals IH In possession of cortaln occult Infor- B matlon; whjlo, na n matter of fact, n U I'nnk is a very common Institution SB "d slmplo In Its purpose. JB "A ,mn, ,,oos no' croato wealth,. tm It Is not nn Industry. It is 11 ro- M coptnelo or reservoir. It is tho agency 1 for tho community. It docs not mid 1 nny wealth to tjio community, but Is H merely tho custodian of Its monoy. H Any banker whd does not regard this hs n Baorcd trust Is not fit to bo a banker." . When nskod It tho fcdoral rcsorvo bankB had boon responsible for tho Inflated currency, Mr. Howard replied re-plied "Tho war caused our inflatod currency, as It always docs. It Is unavoidable. Thoro Is nothing economic eco-nomic about war. It Is ruthlossln oVcry way. Tho fcdoral rcsorvo Bys-tom Bys-tom saved this country. Had It not been for that system, Germany would havo won tho war. , Wo ought to thank God oVory day that wo had. tho fodqral rcsorvo system In oporatlon wjioii' tho ,-wnr camo 6n. Times aro perhaps rathor bad now, but wo Bhould bo thankful thoy aro not Worse. Wo might hnvo had a dor-mnn dor-mnn prlnco In tho capltol." Touching upon International trado and tho present Inequality of ox-chango, ox-chango, Mr. Ilownrd oxpressod tho Idea that from a ' puroly buslnoss stanifpolnt It would bd n good thing for trado to cancel tho war dobts 6f tl(o. ICuropoan countries. Ho added thn.t jientlmentnl roaspns, howovor, woro opposed to such action. In- discussing tho gonoral buslnoss situation as It afreets tho young man or today, Mr. Howard said that' tho big domand Is for producers. -Thoro Is n tondency, ho onld, for young men to drift moro and mora towards tho profosslons which aro not csson-tlally csson-tlally productive, but rathor consumptive consump-tive In their functlori, nnd that unless un-less tfils trend Is checked, thoro will result n superstructure of nonpro-ducors, nonpro-ducors, wtlhout adequnto production behind thorn. Ho urged tho young men to consider this problom see rlously, saying thnt It was tho sacred obligation of tho schools to soo thnt this fact is lmprossod upon tho young pcpplo. In conclusion tho potnoforrcil' to tho, unsatla(avttrry"condtion ox. Istlng between cnpltnl and labor. dapltol started tho row," ho said, "It was tyrannical and opprosslvo with labpr. Qradually labor organizations camo Into oxistonco and with thorn mnny roforuiH In tho working conditions condi-tions of tho laboring mou, with tho rosult thnt thoy woro mado bettor citizens. Now labor has gono to tho othor oxtromo, nnd Is moro tyrnrinlcal oven than capital has boon. At tho sumo tlmo labor nnd capital aro In-dlsponsnblo In-dlsponsnblo to oncli othor. Ono cannot can-not go on without tho othor. Somo-ono Somo-ono ,11111st begin to think and act on this important question nnd find a solution to it." o ' |