Show TELLS HOW wa BANKS AIDED PROGRESS economist describes the ways banking institutions have contributed to development of united states OMAHA bebr privately owned banking despite its ita faults has bai served america well william A irwin professor of 0 economics economic washburn college topeka kansas declared in a recent address here on banking la in a changing world under the leadership ot of individuals individual banking has helped to bring this country to a foremost place in economic development among the nations ot of the world he said the small community has been developed by the individual bank the frontiers of 0 america have been pushed forward by the help and counsel of the individual banker the shocks of wars war and depressions in a century and a half have been withstood with the assistance of the individual banker change may be B necessary it may be that we have reached a tide in the affairs of america when new methods are needed it may be that we have come to a point where the individual should be submerged tor for the greatest good of the greatest number it may even be ba that complete cell cea of the banking system has become an economic necessity in our complicated social life but the banker ought to be satisfied that these things are so before he be should give up his light fight tor for the system we have known we came to greatness under that kind of banking we should not give it up without unmistakable proof of the absolute necessity of such a change th the american pattern professor irwin said that the th proposal which has been advanced tor for co banking operations in the national interest under a supreme court tor for banking la Is typically american and ought to have the most serious consideration ot of those elements which are clamoring tor for political control which Is typically un american it Is not wise he said to oppose changes as such but that bankers should sue see to it that change it if and when it does come shall preserve all that Is good in the past and stick as closely as possible to the american pattern of things banking Is prop propel oily ly a conservative profession he be pointed out and should cling to practices and principles of banking that are and always have been fundamentally sound it Is to its credit that so large a group ot of its members never faltered even in boom times la in their allegiance to those sound principles he ha declared we probably owe our salvation from chaos to that tact fact |