New-York tribune., 1918-09-27
Last Unit of
Credit for War;"
Bankers Slogan
------~-----------
Hinsch Pledges Full Re.
sources Of 1908 Banks
to Continue Fight

CHICAGO, Sept. 26. - Charles A.
Hinsch, president of the American
Bankers Association, in his address
before the annual convention OF that
organization to-day pledged tho fort
uncs and lives of its 1908 members
to continue the war until the last
armed German is beaten to earth and
a victorious peace assured.
Rcaffrming the loyalty of the ma
tion's bankers to President Wilson IN
his prosecution of the war, he declared
that they will keep on fighting, mot to
the last dollar, but to their last unit
Of credit"
The mission Of America. he SAID, IS
to carry the gospel of freedom to the
ends Of the earth, and added that mo
peace that Germany will approve w'li
satisfy America. We must not CON
cludc negotiated peace. Noth'ng
should be considered but an uncondl-
tonal surrender -.
In its prosecution Of the war. Mr.;
Hinsch said, the government, instead
of restraining business. is encouraging
it. and he expressed hope for con
tinuaton of this policy after peace
"Out of the chaos into which the ma
ton was plunged is coming the sem
blance of ORDER he added.
"Americans arc following their natu-
raj creative bent. They are working
for new cnds-to produce what is need
ed for the JOY of 1t as well as inc
necessity"
Pointing to the $4,000 banks enrolled
as selling agents for the sale of war
savings and thrift stamps and their
part in marketing 0,00,00O,OoO worth
of Liberty bonds. he predicted that the
habit of thrift developed by the war
would Convert q nation OF spcnuers
into a nation of savers.
After discussing social conditions. he
advocated universal military training as
essential to commercial expansion and
industrial growth. and predicted that
this would give the young men OF the
nation a new sense of the meaning and
obligations of citizenship.
"The new era for business IS not 60
ing to begin when the war ends--it has
already begun" he said in conclusion.
"This country stands firmly committed
TO great policy of commercial and
industrial expansion. If this is not our
policy we must admit we are willing to
surrender our position in the world and
lapse into a state of a secondrate and
dccadent nation.
"The maintenance Of this position de-
mands Of us an assembling of our
forces and coordination Of our efforts,
not only as great but even greater
than has been made necessary by the
war. In this scheme the government
looms large as the influence which
alone can give us the compact orsani-
zation necessary to meet the competi-
tion of other nations organized to the
last refinement of efficiency"
With the work of all the sections
cleared away, the actual convention of
the American Bankers Association, its
forty-fourth annual gathering, began
to-day. By previous arrangement
unanimous consent of the convention
will be given to adjournment to-mor-
row, instead of Saturday, as provided
by the constitution. in order that the
mem bers may hurry to their homes to
take part in the fourth Liberty Loan
campaign. Oliver !. Sands. president
of the American National Bank, Rich
mond Va, was elected president of the
national bank section of the associa-
ton.
c. B. Hazelton, vice-president of the
Union Trust Company, Chicago, was
chosen president of the savings bank
section