Show THE price OF MESS BUSINESS SPEED ban banking k ing institute speaker says that bank failures followed business failures failure CH CHICAGO III many appear to think that failures occur only to banks but the complete story ot at business shows that failures of american banks have followed the failure of business enterprises arid have not been a cause of those failures dr harold stonier national educational director of the american bankers association de blared clareden cla redIn iii a recent address here before the american institute of banking it estrue that we have had more failures le faour our banks than in the banks of a number of other countries lie be said it Is also true that we have hare had bad more failures in drug stores grocery stores railroads and in every other type of business enterprise at the same time it must be said that we still have left after all our failures allures more drug stores more grocery stores more railroads and more banks than any other country P people ople do not realize lie said that ne e have in excess of banks which have been la in existence over a century and ne 6 have more than 2000 banks which have teen been ir existence oer 50 years in other words we have more banks over years of at age than any other country wo have more banks over 50 years of ago age than any country in the world he ha declared the american banking system has haa not fallen down dovin it Is not in danger of decay such failures as it has experienced are duo due to the price we pay tor for too rapid development of business enterprises but that is the american s spirit |