The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1919-09-08

Democracy.
= J. Jana. president of the New
Mexico Bankers association. in his
annual report 10 tnc convention this
morning, spoke Of the conditions OF
unrest prevailing In tine country today
aud predicted that We are entering
the fourth cvclc uf development OF
tins world wherein capital and labor
would he renamed enterprise and et-
fort and la which idealstic ideas
would take a hrm hold upon bdSlness,
lie declared that IL is time that
strife between labor ana capital
should cnG aud that We become an
economically united people and con-
slider production as "a moral iaSJt.
lie predicted that out Of the CONF
tlons existing at the present time
there would arise a great partner mp
of social democracy wherein the cap
ital Of brains the capital Of MONEY.
the capital Of labor ana the general
public work out their conflicting pol.
/ lclos IN manner acceptable to all.
1rNt of address.
Mr.. jura's address follows;
~ year ago. ana while the cntire
world was reading daily and un-
broken history uf the crushing Of po-
Hii.al autocrucy which right ana rta-
son ana cooperation were etching
deep into the tablets Of eternity with
the two edged sword uf Armagcddon,
this orEa Nization held iis accustomed
annual convention. Today, as our as
+ ISOLATION conVeues again. our world
[ ls contendug with another serious pc
/ riod. q period IN which the history OF
/ the downfall Of social uutOcracy is
being written, a period In which the
people ~ uuT nation are stepping up-
ON another and higher plane OF moral
] rou=eiou.it,ss Tile hour iv 1s fever
I aUa... Ia HUHh la ~
| any epoch OF the war period and I tlh
going go ask she privilege uf talking
/ for Il few minutes ON our obligations
las bankers to the business epoch
which ~ h-foro us instead nf attempt
INK to touch upon any uf the local,
] state or uitiuuIl financial problem g.
l hecuuHr I am led to believe that thH
psychology of my chosen scope eul-
. braces the fundamental causes ot the
] disturbances which We are endcuNur-
| inr to- pacify. ncutruliy" or eliminate
: according to our beliefs OF their re-
! Iuu.rciucut-,
DcRuition of business.
] "Gentlcmen. lu order that my posi-
| iiun throughout my talk fHay hc let
| ter understood. ] want TO venture %
definition uf business that J would
/ like to see written into our school
hooks. and indc'ihly stamped upon
I tho ucultiug luhcs of the human
man. woman aud child coming under
| the classification of business per
son can develop aud uplft their ac-
/ tlvitles. and one which when Ecner-
ally pfaoticcd. viii permanently maxi"
the world a safe ana pleasant plac"
to 1--we iu
This dennit.ou Of business can be
. stated us. the constant, conscious ca
pucity to understand wants and sup
ply with them with the least waste.
delay aud expense.
According tu my belief the most
important undertaking 20 which We,
! az bankers. should immediately turn
ourselves. h. thorough and unpre-
/ mdirad rehabilitation ~ economies As
business mon We are leading live ana
developing activities with net results
that are FAR below what the limit ~
our Individual ability could produce.
Z We ARE pussosstd Of powers uf Inn
measurable and broadly beneficial
uulity uUnn which We have never
drawn, and 90 make matters siill
worse. upon which cur communities
cannot draw.
"Gcutlemcu. believe we are
emerging az lower business boiling
point thau ii was intended We should
! believe We are only haf awake 60
the opportunities about us and en-
Vironmcut OF locality has not power
whatsoever To limit the purport uf
this statement I believe. gentlemen.
that lust as We ala the financing oi
our nations requirements through the
recent Iiau drives apparently work
Ing against our own business inter-
csts. so must We now work with oui
nations requirement for q better un'
ierstandiug between money ana Ia
. hor and I believe II We SO bend our
| selves to the need OF the present houi
In the end We will experience as large
u hettermeut In our nation, aa Z
whole. as We did In our communities
as whole, after our war nnanc'
| work
Causes ~ Dispn'cnt.
"Grntlomen; The economic Gle
| meuts and the iudisputnblc occasion
| FOR the working out OF an even great
| cr democracy are before us and ~
| completion lies along the line OF
sober realization ana a correct gen
| cral Interpretation Of social nnt
| economic problems ns they relate t'
| the people and not 20 personal ant
| class Interests Glass interest or self
| ishncss b. breeder Of unrest and dis
| content II impells its possess0r Il
battle for larger measure of indc
| pendent freedom than ls possible 10
! any division Of society to hold unde