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BANKER TELLS JUNIOR C. OF ECONOMY NEED (Concluded Page adopted for sale. The Capital tional made no profit this transThrough the City National board of several the Capital National against any working with the Capital City board handling the of the old City pay tribute to those men put up their personal protect their good name. To those men equally much credit for depositors as is due the Capital co-operation, their sincerity, the steps they took difficult when, vitation the National bank, bank, years and Olds, Harry Harper, and Scott. He reviewed the steps taken by the federal government endeavor restore confidence bring country Washington last which attended by prominent bankers and President Hoover laid them plan designed down the hurricane which was sweeping over the "Sold" on Hoover The bankers went to that conference gloomy spirit more less disgruntled Lord said. They out of the conference the Hoover plan helpful. step plan was the organization Credit corporation subscripthe to loan to banks need of help. Michigan banks the speaker said fund two large groups in troit the First About 100 made in the After Credit corporaforthcoming in the the nance Mr. said. made available two billion dollars the government banks, building loan companies, mortgage firms. same committee which handled the the National Credit poration the Finance said, the addition William Alden Smith of Rapids. This tional Credit corporation and the construction Finance stopped the steady run of bank Tells Glass Bill Provisions The adoption bill vides federal banks broader powers in the making the he the the Hoover plan Glass designed to make paramount depositors, and to aid the the bill, he has four loans period Mr. believes will federal liquidating Money finance include the United States treasury. equal one fourth the surplus federal reserve about and sum member of the federal reserve within office, banks must the the federal closing the CapNational here and to loaned than taken out here deposited Detroit,' said.
