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Show NEWAPPEALFOR CREDITBY BANKS Increasing Volume Needed to Finance the War Effective Step Is Proposed. NEW YORK, Aug. 2G. A new appeal ap-peal for further conservation of credit by banks "in order to furnish tho government gov-ernment the increasing volume of credit necessary to finance tho war," has been sent by the federal rescrvo; bank of New York to all banks in us; district it was announced tonight. One effective step suggested is that agreements fpr common action in re-1 spect to the oxtension of credit be reached by all banks in cities or countries. coun-tries. "Saving of credit by banks, In order to help the situation as a whole must be the result of saving on the part of borrowers," tho statoment says. "Shifting loans from one institution lo another saves no crcdIL Credit conservation con-servation can only be accomplished by business or personal economies." Banks arc asked not to issue credit to now commercial lines or for the acquisition ac-quisition or improvement of property "unless they arc to aid directly in the prosecution ot the war." rr. |