Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1916-09-29
Big BANKERS FAVOR
MILITARY TRAINING
Vanderlip and Lynch Say Pre-
paredness Of All Kinds is
Economic Necessity.
BOOM IS ONLY TEMPORARY

| Kansas lily, NO. sept I6.-Ad
vocacy of universal military training
in this country and greater participa
tion in national. state and municipa
politics were urged here today BY
speakers before the American Bank,
ers' association.
Military service for all young mer
was declared necessary by James J
Lynch OF San Francisco. president oil
the association. and Frank A. Van.
derlip of Illinois. "Ills in polite:
through which demagogues and ward
heelers' have gotten into city coun.
ellis, state legislatures and even con.
gress, are due to the negligence oil
bankers and other business men, the
convention was told by Mayor
George H. Edwards of Kansas City
Mr.. Lynch stated preparedness
was necessary because I'VE are to-
day the most tempting prize under
the blue canopy OF heaven"
Mr. Vanderlip declared it to be
the surest assurance OF peace"
Vanderlip's Address.
If ever people should pause, II
ever they shoul1 look abroad and
profit by the experience of others,
should comprehend their national
dangers, in the light OF the terrible
realities that are being enacted be-
fore their eyes in other nations, it Is
now and we are the people"
In those words Frank A. Vanderlip
Of New York warned his hearers
they should not take too easily the
present great wealth Of this country
that seems dangerously likely to
submerge US in our own prosperity"
Rather, he said, with an opportunity
such as no country ever had to lay
the sure foundations of a great fu.
ture. we must not be $50 intent upon
dividing the proceeds OF present
prosperity that we fail to safeguard
its permanence."
Mr.. Vanderlip, after speaking OF
the wars cost in Europe and outlin-
ing the financial status Of this coun-
try, declared: "In a word, | believe
the greatest need of the day--and a
need so fundamental as to make
other matters inconscquential in com
parison-is the need OF universal
military, industrial and economic pre-
paredness."
Military Training Necessity.
He asked for training in military
service for all men, greater savings
by all classes and greater efficiency
in industrial pursuits.
II once thought you could count
universal military service as an eco
nomic waste he said. II feel con-
fdent. in the light OF events OF the
last two years, that it Is not only a
military necessity Of superlative i'm
portance, but that our national life
would draw a unity which could be
obtained in no other way"
Mr.. Vanderlip scarcely touched I'D.
on the banking business except to
say that he believed the federal re-
serve act cmbodies some sound fun
damental principles. free working q
which, however, had been, entancled
and hampcred in its inception BY
political considerations and admins.
trative attitude
The renort 81 IL eom 49, !,
federal LEGISLATION read Nv rhsriss !"
Hinsch 81 Cincinnati; n ; ~ II. o.
man. told az The rnaetme,t 20 ,su,.
favorable Ia hant;nr ;ntnr...s 'aw s
Inc defeat ~ mess,,r.s dss;au. any
embarrass bankers Nes'sh'u ~
The Committee had a wear ~ 49,,
suai activity the renort dsei,r.s u ana
had hand II arenmn,;sh;nm ~ sllp
lowing things. ~ ~
passage I, -. ~ n, ..,,
Clayton act provision which prohiS,t.s Inc Inc
terloektng directorstss
ph' H,ea, OF y, ine Clarke appointment to tn.
provided INDEPENDENCE for the irlsnas ~
four years but contained nothing % safe
g gns ,a sms no,oers q nooeooo q Philip.
bankers US ~" - 'A0 n'"u' 81 american
the revenue bill :"