Some Lessons for 1921 An Address By Charles H Sabin As Chairman of Group 8
Some Lessons for 1921 An Address By Charles H Sabin As Chairman of Group 8
Charles Hamilton Sabin
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The period of readjustment, through which we are now passing, has been marked by the most rapid and exten- sive decline in prices in our history. And measured by actual test under such conditions, which is the essential thing, our banking system has proved to be sound and not unduly expanded. To SUSTAIN OUB FOREIGN TRADE As further evidence of their ability and desire to co- operate in the movement toward relieving strained trade conditions, the banking interests throughout the country are now ...cooperating with nation-wide agricul- tural and industrial interests in the formation of a $100, 000, 000 Edge Law Corporation, which is designed to stimulate our foreign trade and at the same time relieve strains on domestic credit. But, in order to be successful on the gigantic scale that the situation de- mands, this project must have the active support not only of all banks but also of all industrial, agricultural and business interests generally. It is a matter of congratulation for New York bank- ers that the committee of the American Bankers Asso- ciation which formulated this plan has been so ably di- rected by one of their number, Mr.
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