Show t f iby J A i ANO P F NI LAW preside president american bankers association the crisis when confidence D was shattered bankers were properly concerned in liquidity their main thought was to prepare to meet any demand f for 0 r withdrawal of funds they were more in 0 r e interested therefore in col electing loans than in making them a v or this they can not be justly blamed it was a proper procedure now that con F M LAW fl olence has been so largely re stored banks will naturally resume a more normal lending policy this does not mean the they y will or should esterd loose or unsound credit but that in the utmost good faith bankers will per form their proper part in recovery by a sympathetic and constructive atti tude in the making of sound loans nor should commercial comme iclal banka bank make capital or long time loans tor for the reason that their loans are made from funds de rived from deposits payable tor for the most part on demand when the return of confidence Is further on its way business men will find need tor for credit in making their plans then good borrowers who for the most part have been so cons bously absent from the market will re turn they will be warmly welcomed by the banks business men a fean fears business men have not yet laid all their tears they worry about what congress may or may not do they con cern themselves about a trend toward control ol 01 business by government they tear fear taxes beyond their power to pay these are real sources of worry and when they are reassured along these lines they will be more inclined to take a fresh look at the future and to make plans to go forward As a matter of tact fact there are tangi ble evidences of recovery the federal reserve board officially has stated that prices wages business activity and production were back to the high est peak since early in 1931 caan er ceal failures in the united states are fire being cut almost in half halt as complied with the same period last ear it has been reported that the decline in ex port and import trade was definitely checked in the middle ol 01 1933 and replaced during the last half of the year by a substantial recovery movement among favorable factors Is the lin proved condition of the banks it is doubtless true that the banking ture of the country has never been in a sounder stronger and more liquid con than it Is today my authority for that st lenient Is the comptroller of the currency no longer Is there any tear fear or thought of bank runs depoll tors once more know that their money Is sate safe and the banker thrice armed almed in the knowledge of his own strength Is looking forward |