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Show J THE BANKS SEE THE H DANGER I Hi As was pointed out at tho recent H American Bankers association con- H yfrentlon at St. Louis, bankors can V do all that It is PosslbUaMorlthe gov-f gov-f eminent to do In reUerlngjt5ejphort- H age of dwellings and BmauymwoYeil fcirms. ' Agitation for amortising real estate es-tate loans was "started by a committee commit-tee of A. B. C. In 1911. This committee com-mittee also started the Ht-starred rural ru-ral credits movement that Trent wild from cine mibsunderstood and not generally supported by bankers. Sight rears Uaer the association appointed ap-pointed another amortization commit tee. It the association had never paus-. ed there might not have been a federal fed-eral loan act, nor a North Dakota public bank, nor laws In Malit ami Oklahoma for lending school until public funda In risky trays, nor con ' stltutlonal amendments propoKl in North Dakota, California, rCuuscr, Missouri and Texas for using cash and credit of the state for farm mortgaging. Banks are at last awakening tc the dangers of continued encioach-ment encioach-ment of state and federal competition competi-tion which cripples the banking Industry In-dustry and increases taxes by In i-Jance i-Jance of hundreds of millions of tax-exempting tax-exempting bonds. If the socialistic policy tending to federalize the banking Indusiiy Is continued, every citizen in the c-mn try will soon bo p'aying taxes cover cov-er on bond Issues and overload charges to furnish borrowers nunrp at less than cost. Progressive banks are aiming to fill the field more completely llun ever. |