South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-05-09
COOPERATE IS
BANKERS WORD
Stockholders of Citizens Bank
Hear Chicago Expert at
"Get together Dinner"

"Cooporatior proved its valae In
the war Do logical hat we
should continue 90 cooperate 10 Sc
cure best results in peace The clash
N economic forces IS at the bottom
Of ali war. and only by cooperation
can we end that cIashing deciar-
ed JOIN J. Arnold. vice president of
the First National bank OF Chicago.
addressing some 200 stockholders
and employee OF the citizens VA
tional bank and tho citizens Trust
and Savings company following "a
banquet held iu the Rotary room OF
the Oliver hotel last night. held as
q Get Together" meeting
Marvin Campbell. president OF
TIE Citizens Trust and savings com
pany, acted az POSTMASTER. During
the rogram the Amphion quartet
rendered a uumber of selections.
and short talks were given by Guy
r.. McNIichseI and r O.. Chalfant.
cashier and assistant cashier re
spectiveIy in the citizens National
bank.
Business Increases.
During the talk hy Mr.. Chalfaut
it was shown That business has i'm
creased greatly with the organiza-
ton since its consolidation with the
south Bend National bank. some
months ago ON March l.. total
footings were S4,829. 900. while on
MAY 3. after the consolidation, total
footings were $3.50. 00O-a gain in
the three Institutions Of S6S0.G00
a. rtasH- $500. .H. a- -L.aE
Mr.. Arnold. principal speaker OF
the evening. took as his subject,
Cooperation. After "a rapid re-
sumo OF the growth OF present
business. including the origIn of the
corporation" form of business iu
the middle Of the last century. the
speaker dwelt upon the chasm sep
srating employers and employees. as
q result Of the absence Of actual
owners from their holdings.
Cooperation Brings Benefit.
Comparing the corporation with
the ~autocracy which has been de
feated. Mr.. Arnold pointed out tina
true democracy in business brings
mutual benefit Reviewing the war
period. the speaker explained how
cooperation brought about the de
sired results. and expressed the
opinion that cooperation should
continue.
To show that financial conditions
in the world o. international affairs
are not as they should be for the
best interests of any nation, Mr..
Arnold said. The United States has
come 10 be the worlds creditor ma
ton. Practically every European
uatic1 is in a state Of bankruptcy.
This condition is not desirable. for
how can We carry on trade with ma
tions who have no credit o.
Offers Three Solutions.
Various mean Of eliminating this
by the speaker. were discussed i'm
Mr.. ArnOld's talk That America
cancel the debts of foreign nations
was one solution offered. Mr. Ar
mold pointed out that this would
be the best for the nation in the
long run, for increased business
would result. ne declared. That
the United States return interest
payments for a number OF years
that the money might be used in
reconstruction work. was another
possible way ont OF the difficulty
Mr.. Arnold said The third way
suggested was the method offered
10y the French chamber Of deputies
that the war debt Of the allie.
he pooled. each nation taking a
share in proportion TO its ability tC
pay. This. Mr. Arnold explained
.rrnrrfa H. 4h. H..rF--a -
uron the United states. but ne sait
this country would be the one {,
receive the most benefit in year.
TO come.
Needed In MANY WAYS.
But we need cooperation no
only I'm financial matters. but I'M
other means "a well" went on IN,
speaker. we should cooperate in
the conservation Of raw materials
IN the conservation of human lf,
not only the conservation OF hu.
man life. hut in the preservation o.
human life. We need. more thar
money. good healthy citizens. ant
only by having children can we ob.
tain the right kind OF citizens.
think It should be made a crimina
act for a landlord 10 refuse To rem.
any apartment or house 20 "a fam
ty with children. This state
ment brought forth much applause
That the world is drawing TO
better condition Of things was tn,
opinion OF the speaker eve ar,
coming 10 learn the real value O
cooperation. he declared. Wv,
VIII cooperate not only individually
and nationally. but internationally
as we'll as the suggestion for IN,
league OF nations already provides.
When peace is as handsome a