Show CUT GUT NUMBER OF BANKS TO END FAILURES This Is Advice Given By Nebraskan To Ameri American can Bankers HOUSTON Tex Oct 24 By By The Associated Press Tax Press Tax revision re new Ic educational campaigns and exposes of or gold brick financing featured discussions at the opening oi ot the American Bankers' Bankers association convention con here today Responsibility Responsibility-lor the bank failures failures' of the deflation period was charged directly to systems used by the thearl van vari various arlous ous out state banking departments and the comptroller of the currency by Dan V. V Stephens president of the Fcc Fre- ment State bank Fremont Neb The business of ot the country now Is being conducted by about less banks than existed seven years ears ago when the deflation started he assert assert- asserted ed and no doubt could be conducted with less banks than arc are now op op- op crating TOO MANY SlANT BANKS B. In other words fords said Stephens the first and primary cause of bank failures is the excessive number of banks created by the various state banking departments department and the comp comp- comptroller comptroller of the treasury The second cause is attributable to the inefficiency of oC bank supervision by banking departments Tills This Tl s is not nota a criticism of ot officials now conduct- conduct conductIng conductIng conducting Ing the various banking departments of oC the country nor of oC the comptroller ler of 01 the currency but it is a criticism criticIsm criticism cism of the system which they em em- employ employ employ ploy and which has been employed for many years in the he conduct of their business CURE FOR FAILURES F. Remove the two causes first by limiting the number of oC banks and second by adequately supervising those that are created and bank failures will 11 disappear The remedy for the first cause lies in the mere voluntary act of the va various va- va rious banking departments r In restrict restrict- restricting rte od h te ing charters to the actual a needs e Most women shrink from discussing their business affairs with mth a man but bu where she has confidence in her wan wom woman an banker she will talk freely Miss l Margaret I. I Kelly active e vice president pr president l- l dent of the National bank of Den- Den DenIson ison leon Tex TeL told the National Association Association tion of oC Bank Women at its meeting here today In conjunction with the American Bankers' Bankers association |