Show TELLS HOW BANKS AIDED PROGRESS economist describes the ways banking institutions have contributed to de development celop of united states 1 OMAHA bebr privately owned banking despite its faults has served america well william A irwin pro lessor fessor of economics washburn col lege topeka kansas declared in a re cent address here on banking la in a changing world orld under the leadership of individuals banking has helped to bring this coun try to a foremost tore most place in economic development among the nations of the world he said the small community has been developed by the individual bank the frontiers of america bare have been pushed forward by the help and counsel of the individual banker the shocks of wars and depressions in a century and a halt half have been withstood with the assistance of the individual banker change may be 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 andl vidual should be submerged tor for the greatest good of the greatest number it may even be that complete cen 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 should give up his fight tor for the system we have known we came to greatness under that kind of banking we should not give it up with out unmistakable proof of the absolute necessity of such a change 10 the american pattern professor irwin said that the pro dosal which has been advanced tor for coordinating banking operations in the national interest under a supreme court tor for banking Is typically ameri amerl can and ought to have the most serf ous consideration of those elements which are clamoring tor for political con arol which la Is typically un american it is not wise he said to oppose changes as such but that bankers should see to it that change it and when it does come shall preserve all that Is good in the past and stick as closely as poa pos sible to the american pattern ot 01 things banking Is properly a conservative profession be he 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 of its members never faltered even in boom times in their allegiance to those sound principles he declared we probably owe our salvation from chaos to that tact fact |