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Show NO INDUSTRIAL COLLAPSE OR PANIC IS FORcSEEN ROC KH ILL, S. C. Oct. 15 The United States has one of the best banking BystemB In ihe world, and I "under it I never expect ' tb fee an-i other panic' Ucorgc Roberts, vice presideni oi the National City Bunk of New York, declared last" night In i an address before a . gathering of ; businessmen , in which lie analyzed the credit situation. "1 don't think we are going to have eitter an industrial collapse uv panic." ho added, "but If we escape them It will be because wo ihavij a good banking system ;:nd the bankers pave followed an intelligent policy in regard to credits." Mr. Roberts said that the present iitu..tioi is due tfi the "aggregate demand for credit by all the indus- tries and nil lines of busln.-.-- be-yond be-yond the ability of the banking sys ; tems to supply." Such condiitons. he .added, result from "tht; war, from the waste ol . ipii.d and expansion of I credit during war. "The restriction of credit is not responsible for the decline of wheal; and cotton." the speaker asserted. I "The poverty ot the world, the low ' buying power of Europe I ml the high exchange rates are the principal fac-'j tors in the break in these price "The situation calls for patience ' and CO-Operation all around. We want I to go down to a permanent level, I Of values gradually rather than by going over a precipice." |