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Show THE SAME COUNTRY By ROUKRT V. FLEMING Vice President, American Bankers A ssociation Thvre U a grcwlr.2 att ri-Iiitici;, both on th2 tirt of tiis cofb aci tto Gcvtrnr.-.r.t, 'f ;hs curr.:3C anJ :;incr;rc efforts t ' f, Ijfcin' made by lianltftrs to aid in recovery. It is desirable hat we mias no .importunity to t'oater public ii nderatanding of the bankers' problems. VV e :ire living In an ago of complex and upset eco ii o m I c condi tions. Our at-K. at-K. v. I'Ui.vtiNc; faIrs are cloge. ly lnter-related not only within the confines of our own borders but extend ex-tend to other countries throughout the world. The Greatest Difficulty I think the greatest difficulty we have to overcome In America today :1b duo to our Impatience with the progress we are making towards recovery. re-covery. We must realize that while the Government can help by directing direct-ing Bonvi measures for relief and recovery, re-covery, we must help ourselves by doing our share to give Impetus to the Government's efforts. We have the same country and basically the same businesses, factories and people peo-ple we had prior to the depression, and business initiative must step forward If real recovery Is to be achieved. The theory we often hear expressed ex-pressed that banks create business activity Is wrong. Banking can only make a supplementary contribution to business activity. Bankers have the facilities and the desire to ex tend credit, but business must initiate ini-tiate activity by seeking the credit which Is readily available to all worthy borrowers. Let It be said for business, however, how-ever, that business men are as eager as bankers to contribute towards recovery. re-covery. I think some of the trouble lies In the fact thai too many legislative legis-lative measures have been proposed for reform which leave an uncertainty uncer-tainty In the minds of business leaders lead-ers as to their eventual outcome and effect. Consequently, they hesitate to expand until the probable effects of such legislation are known. |