Roosevelt cites bankers pledge to aid recovery at NRA talk
In Washington on March 5 President Roosevelt quoted a telegram from Francis M. Law of the American Bankers Association. It praises banks for sound liquidity and urges a cautious return to normal lending, stressing responsible cooperation with legitimate credit needs to spur recovery. The banker’s stance, the address notes, backs government efforts and stabilizing the dollar to bolster industry and business.
MENTIONED IN THIS ARTICLE
Ashington
D. C
Roosevelt
NRA
Francis M. Law
American Bankers Association
Association
Trust Division
New York
Law
Courazse
Congress
Atire
Banking outlook improves says Comptroller O Connor
J F T O'Connor Comptroller of the Currency reports a definite improvement in the banking situation. He notes a large drop in currency in circulation since 1923 with a March 1 1934 total of 535 000 000, down 1 077 000 000 from 1923 and 22 960 000 000 from the 1932 peak, indicating a continued return of money from circulation as banks reopen and payrolls rise.
MENTIONED IN THIS ARTICLE
J F. T. O'Connor
United States
Federal Reserve Board
Banks and credit limits reflect broad economic interests
An editorial in the Saturday Evening Post argues that banks are tied to industrial, commercial, and agricultural sectors. Directors and officers come from business and farming communities and often avoid specific loans for various reasons beyond mere prudence.
MENTIONED IN THIS ARTICLE
Saturday Evening Post
Lost River exhibit at Chicago World's Fair
Visitors to the Chicago World’s Fair opening May 26 will ride a boat pulled through a recreated million year old river. A prehistoric world features animated monsters powered by up to sixteen motors that hiss and roar. Ample tourist amenities and parking are provided at Beach Midway.
MENTIONED IN THIS ARTICLE
Chicago
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TEE New McCormick-Deering
Cecil
B. R
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Central Illinois Light Co
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