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Banking system prevents panic says banker Roberts
Rockhill October 14 United States banking system praised as best in the world by George E. Roberts vice president National City Bank of New York. He warned against industrial collapse and urged prudent credit restraint to avoid over expansion while noting war demand pushed credit beyond bank capacity. He attributed price declines to global poverty and high exchange rates, calling for patience and gradual price and wage readjustment.
MENTIONED IN THIS ARTICLE
Rockhill
United States
George E. Mobarts
National City Bank of New York
Roberts
Ansertec
Europe