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Show BANKER WHITES ON AUTO TIRES E. C. Stokes Praises Auto Industry In-dustry in Letter to Tire Firm BS C. Stokes former governor of " w lerBey, who is now president of the Mechanics National Lank of Trenton, Tren-ton, N. J., a member of the federal : reserve system, bus written Hie fol-j fol-j lowing letter to the United A; Globe I Rubber company oi Trenton, N 1 , to his views on the : utomoblle iii-j iii-j dust ry. "As a banker, interested In the prosperity of the country and 'h necessary maintenance and development develop-ment of an Industry that furnishes i-m-ploymenl and wages and thus promotes pro-motes the general welfare of tho masses, 1 beg leave to call your attention at-tention to the reported action of some ot the federal reserve banks In classing class-ing automobiles as non-essentials in !,.- extension of credit. It might be well to call the attention atten-tion o. the banking fraternity to ihe j Importance of the ajitomobilc, not I only as a factor In the necessary I transportation facilities of the coun-l try but as Q contributor to one of the largest of our Industries and a promoter promo-ter of the happiness and morals of i qui people. I Vutu Business Holds Second 1'iacc. It is ,'i mooted Question whether the automobile industry stands second1 or third In the country. If all the' parts In connection therewith arc bi-cluded, bi-cluded, it ranks second What individual indi-vidual banker has a right to sav therefore, that an Industry which by j the common Judgment of tin people , of this couiurv, has attained sm h proportions pro-portions In our Industrial life, as al non-essential ? Burke said you can-1 not indict a whole people No bank- ing fraternity or government has ai ligut to say an Industry of such size as the automobile industry, based upon he needs and requirements of thei public, is unnecessary and therefore unworthy of credit, "The automobile is of Immense' lvalue to the nation as o promoter ofi tho spirit of contentment and as an effective suppressor of the spirit of unrest No owner of an automobile,! even though it be a pleasure car. who Is able to enjoy Its use. for his family i Ol bis friends. Is likely to bocome a. Bolshevist or a Communist He fa-1 ors the continuation of things as I they aje. because ho has a means of happiness in his own possession and therefore Is against any upheaval of th present social order. Great i'netor In Uniting Family. "Next to the church, there Is no factor in American life thnt doe-. ,. i much for the morals of the public as! does the automobile Formerly Ihol pleasure of life divided the family The father had one avenue of recreation, recrea-tion, ihc mother another, the children another. 'Today qui roadsides nre' crow. led with family picnic parties I |