Show QT fl S A N 1 BANKS ry py P F NJ LAW president american bankers j association j the c crisis w when hen confidence awas was shattered shatter ed bankers wore were prop I 1 I 1 erly concerned in liquidity their wain train thought was to prepare tr meet in et aa any demand f 0 or r withdrawal of M funds they were 11 more m 0 r e interested lik therefore in collecting lorns lorna than ll IL making them for this they can not be justly blamed it was a proper procedure now that con F hf LA LAW flrence has hab been so ao largely restored banks will naturally resume a more normal dermal lending policy this does not mean they will or should ostend extend loose or unsound credit but that I 1 in the utmost good faith bankers wl will per der form their proper part in recovery by a sympathetic end and constructive attl tude in the making of sound bound loans nor should commercial banks make capital or long time loans lor for the reason that their loans loana are made from funds de 1 rived from deposits paa payable able tor for the most part on der demand nand when the return of confidence Is further on its way business men will find need bior or credit in making nal cluff plans then good borrowers borroto who for or the most part have been so cons bously absent from the market will re turn wiley they will be warmly welcomed by the banks banki business mens fears business men have not yet laid all their tears fears they worry about what congress may or may not do they con cern themselves about a trend toward control ol of business by government they tear taxes beyond their power to pay day these are real sources af worry and when they are reassured along these lines they will be more inclined to take a fresh look at the future and to make plans to go forward As a matter of tact fact there are tangi tang ble evidences of recovery the federal reserve board officially has stated that prices wages business activity and production were back to the high est peak since early in 1931 commer cial tat failures la in the united states are being cut almost in halt as compared with the same period last year it has been reported that the decline in export and import trade was definitely checked in the middle of 1933 and re placed during the last halt half of the year by a substantial recovery movement among favorable factors is the improved condition of the ba banks aks it ls is doubtless true that the banking structure of the country has never been in a sounder stronger and more liquid condition than it Is today my authority for or that statement Is the comptroller ot of the currency no longer Is there any tear or thought of bank runs depositors once more know that their money Is safe and the banker thrice armed la in ahe knowledge of his bis own strength li Is cot ing forward |