Show sa s1 frat IR fi L TJ na i head cr cf american bankers As assures the president of confidence and desire to cooperate arrion atnori bank bankers er n D C president y J alo evelt in his address before the I 1 STU na conference liere here on march 5 an ced that lie ho hail had received the fol 01 ol lowing tele rain from roin francis M law president of the american bankers association so on this your first annive anniversary reary please allow tile me in behalf of the count rys banks to express our fall nil confidence end and our sincere desire to cooperate in your coura courageous efforts to bring about reco seiF y the banking structure of the country Is sound and liquid and banks have never been in stronger po 10 to f unction function effectively condl cons Con have shave improved to the point it Is no lonser longer necessary for or banks to be super liquid 0 there Is a definite call now for banks not to extent extend loose credits or to make improper loans but for a most sympathetic attitude to toward ard legitimate credit needs and tor for a recognition of responsibility for their theft proper and vital part in the program of re covery the soundness of 0 banking in an address before a recent trust conference of the be associations trust division fr in new york mr law said A depression cannot long survive a sound banking structure it if the banunis structure Is h responsive to legitimate needs and functions in a way that Is in virile and alive the most cheering tact fact ot of the ike present situation la Is the knowl know edge that banks are in strong position recovery Reco Rec iery even to the most pessimistic rul Is no longer a myth or a I 1 minor nor is it merely psychological abundant evidence and proof lie on every hand tangible proof with a 11 of confidence coun dence the wheels have begun to go round slid and a great many well managed businesses may look tor for a profit during this calendar year with fair assurance at least for what its has been achieved it ht us thank the president who has labored with courage and pai patience lence a and nd vision let us its thank the Con congress gres whose members during tile the emergency have put the public welfare elfare above partisanship let us thank one hundred franty alre million of our own citizens who have refused to be stampeded but rather who have kept alive the divine spark of faith and brile cause for or confidence we may reasonably expect that the recent action of the government in stabilizing bil blit izing zing the dollar will have a marked tendency to encourage industrial and other business commitments business men need not be so exclusively engaged in taking counsel of their fears now that uncertainty does docs not haunt them much has been said about the loosing of credit by banks during the acute period of the depression banks tor for the most part have not been lending normally nor should they be blamed with public confidence shattered the banker was vaa properly concerned in liquidity having in mind his primary obligation to pay oft off deposits the situation has improved to the point where super liquidity no longer seems necessary conditions have materially changed banks will desire tor for every reason to return to a more normal lending policy this means a sympathetic attitude and a raco niton of responsibility tor for his proper part in tho the program of recovery by the banker as be passes upon and meets sound bound credit requirement require men is of business as it swings into and continues on the upward turn |