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Show BANKER SEES NO CAUSE FOR FEAR IN PRICE CUTTING ST. LOUIS, May 22. There is no cause for financial alarm in the present nationwide price slashing- movement, according to a statement today by Richard Rich-ard S. Hawes, of this city, presi- ' dent of the American Bankers' association. , Mr. Hawes referred to persons per-sons who professed to foresee hard times i- the tightening- of the credit system as "calamity howlers. ' ' Although bankers are discouraging dis-couraging non-essential investments invest-ments and wild speculation, Mr. Hawes asserted no bank would refuse credit to carry on essential essen-tial production. . y |