Show THE individual AND HIS BANK by ROME HOME C stephenson president Amer american leas rankers bankers association ANKERS recognize that their busta ness carries especially heavy public responsibilities and welcome all sound measures to aid them meet meat tho the duties this imposes unceasing efforts to bring about continually improving methods A to safeguard depositors in banks of 0 all kinds have hav e long I 1 ong baen uppermost in tha ilie plans plang of bankers cr r g an I 1 z a R C Q STEP HUNSON biond throughout the tha nation they are not the outgrowth merely of tho the past year of busi business neca adversity but have been carried on actively tor for many years berrs and have resulted in groat great progress along lines of better sater safer banking methods although banking along wit with ivall all business bu elness has suffered reverses conditions in this field have been tar far less severe than they would have been iad had not bankers been widely successful in their endeavors to develop the high standards of banking that now generally prevail the american bankers association end cud bankers organizations in every state actively support tho principle ot of government supervision of banking the national banks which receive their charters to do business from tho the federal government are under the tha su perv islon of tho the comptroller of the currency at washington through his efficient staffs of expert bank examiners in every section he has the duty and powers to keep watch v atch of the way every national bank Is boing conducted to suggest changes in its policies or methods and even to step in and take control for the protection 0 the tha depositors it if such isach action is warranted tho the state banks also which are chartered by the various state governments ern ments are subject to similar supervision per vision and control by state bank officials rn in addition banks in ma many places have long maintained voluntary clearing house associations which enforce even closer supervision over their members bankers favor public supervision present laws adequately enforced contain ample provisions tor for government supervision bankers universally believe bellev oln in strong capable banking departments manned by with the discretion and courado to enforce these laws and act under them as the crinnion coin common nion welfare demands manda dc they believe that these public should be h e paid salaries to command tho services of men of character ability and a resolute spirit of public service they believe also that the banking departments part pirt ments should be ba kept free from all political or other special influence in order to ba ablo able to net act at all times with independence solely for the benefit of tho the interest although banks in the united states operating under state or national charters are thus subject to supervision of public authority vicy they are strictly private busan business ss enterprises they are owned by stockholders and administered by officials chosen through tho the boards of directors which their r lock holders elect el no bank Is owned or cp grated by tho the united states covern government ern ment nor bilth one small exception in a western state by any otate chate government ern ment the function of government li in banking Is to promote and enforce ireful banking administration through tho system of c examination imI nation aud supervision slon which I 1 have described this however does not relieve tho the rl cl depositor from the tha necessity of idling and cli choosing casing careZ carefully care lully as to 13 banking ra ri lations just as in ills his other business or professional relations ile ho must inquire for himself into i the character and typo type of institution and men ile he shall do bu business with satisfying himell as 03 to their deputa llan anil ani capability these 1 l albies al ties are to complete eom pleto the nent ot or safety and dependability dupen in kiy human institution |