The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-10-16
RELATIONS Of BAhkING
TO PUBLIC WELFARE
President Graham, OF North Caro-.
lima University, Addresses
Financiers.
BUILDERS OF CIVILIZATION
High Praise for Those Who Construct
Great Systems OF Railroads and
Industry as Worthy Workers In
Kingdom of Rtghtcousness.',

Good public banking and finance Is
just as essential to the public welfare
as good public roads Or good public
schools. said Edward Il. Graham. presi-
Gent OF tho University ofrNorth Caro-
INA, addressing the annual convention
OF the American Bankers ASSOCIATE
at the Jefferson Hotel auditorium; yes
terday morning.
Denying current view that bank
Ing and business men have no relation
except antagonism to the higher and
nobler activities of men, President Ora :
ham took the position that no question
can possibly be of more practical and
vital importance than that OF the rela-
ton OF the banking business to the
public welfare. The speaker asserted
that business men who wreck rail-
way system through financial manipu-
iation, are as surely traitors to the
whole public as Tweed was, or Bene-
dict Arnold, but. he continued with
the assertion that the men who built
up the Pennsylvania system. the carrier
OF the civilization of the people, are
quite as worthy workers In the king
dom OF righteousness as the artists
who designed the plans for its beau
ttiful terminus.
Business Is business" said President
Graham, "but 1t Is also life--an essen
sial part; OF tho life Of the nation. What
we are coming to see Is that good busl :
hVSos INT dih OtHGT kOOQ human ACI1Nl-
ties. has two characteristic marks: It
must be good job In itself and 1t
must be done II, accord with the stand
ards OF the nation OF which it IS a part.
The first. LIZ question of individual
freedom and efficiency; the second, is a
question OF responsibility and relation
ship"
PROGRESS IN DEMOCRATIC H.
INTERPRETATIONS OF BUSINESS
To the man who really sees. bust
ness responsibility, business self-re-
straint and cooperation. are facts far
more significant In America than ruth
less seihshness. greed and ''the sur
vival of the craftiest, according to
President Graham. who said he believes
democratic Interpretation of business
is one OF the most Significant: facts in
world history.
Because we believe that knowing
about the facts of our whole community
life ia the first step In dealing fairly
and generously with them" ne said.
we have Instituted in North Carolina
Statewide campaign for arousinR
nonpartisan interest IN the state of tn
public welfare" Tae first step In the
campaign is Community Service
Week. which has been deoreed by Gov
ernor Locke Craig. to be observed
throughout North Carolina the frst
three days In December.
at the State university" said Presi-
dent Graham. we arc putting this idea
of local. applied economics and civics
directly into the curriculum and stu
dent activities"
Our great leason." said the speaker
In conclusion. bitterly hard to learn,
but holding the infinite secret of indi .
Viduai and national freedom which we
seek, and the great lessen that we Will
learn. IL that these streets and stores
and fields and bankH and factories and
schooihousesla and churchea and all the
rest. are but folds across tho face OF
God, and that the Thy WIFI for which
we daily pray will be done hero and
now or nowhere; and that banking.
agriculture. education, freedom and life
itself are but instruments In andine
tho common God In the common good
and making through our daily task His
Will prevail"