The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1916-09-29
UNIVERSAL
M|L|T AIRY
INDUSTRIAL
AND ECONOMIC PREPAREDNESS
MAKE OTHER MATTERS lNcoN-
sEouENTIAL, SAYS FRANK A.
VANDERBILT.

Kansas City, Mo. Sept. Eff ever
people should pause; If ever they
should look abroad and comprehend
their national dangers In the light OF
the terrible realities that are being
enacted before their eyes in other
nations, It is now and we are that
people"
In these words Frank A. Vanderllp
of New York, addressing the annual
convention of the American Bankers
association. warned his hearers that
they should not take too easily the
present great wealth Of the country
that seems dangerously likely to sub
merge us in our own prosperity"
Rather, he said. with an opportunity
before us such as no country ever
had to lay the sure foundations of a
great future" we must not be 80
intent upon dividing the proceeds OF
present prosperity that we fail to
safeguard its permanency.
Mr. Vanderlip, after speaking of the
wars cost in Europe and outlining the
financial status of this country. de-
clared:
an a word, believe the greatest
need of the day-and need so funda-
mental as to make other matters in
consequential In comparison, - is the
need of universal military, Industrial
and economic preparedness"
He asked for training In military
service for all men, greater savings
by all classes and greater efficiency
In Industrial pursuits.
81 once thought you could count uni
versal military service as an economic
waste" he said. 81 feel confident,
in the light of even-s OF the last two
years, that It is not only a military
necessity of superlative importance
but that our national life would draw
unity, our democracy would receive
-invigoration ana our youth would
obtain physical training and compre-
hension of the value of obedience and
patriotic devotion to the welfare OF
the nation. which could be obtained
in no other way"
Mr. Vanderlip's title was "The Need
for a United Nation" and this does
not embrace military unity alone.
Back OF physical training, there
must be moral training" he declared.
There must be the creation OF a
public opinion that will think deeply
and clearly regarding the great in
ternatiopal questions that we are fac
| ing. We have need for developing a
clear cut, clear sighted public opinion
that will see things as they are and
that will have courage without audac-
lity. frmness without fmpetuosity. We
need to have what we have not now
public opinion that would not per-
NIT a shufflng attitude in regard to
4 international issues, an opinion that
would make temporizing in the hand
ding Of foreign relations impossible
where fundamental principles are in
volved"
Efficiency in Industry must come so
no man will be idle. but that all will
have continuous work, the speaker
said, and to make possible the crea-
tion OF new factories. new railroads
and other labor producing elements.
all persons must practice economy and
save some part OF their wages and In
comes.
Mr. Vanderlip scarcely touched
upon the banking business except to
say that he believed the federal re-
serve act "embodies sound fundament-
al principles too valuable. indeed, too
essential to be abandoned. the free
working OF which. however, has been
entangled and hampered in its incep-
tion by political considerations and
administrative attitude to such an ex-
tent as to endanger the success OF
what should rightly be the most i'm
portant step ever taken in American
banking.