Bisbee daily review., 1920-06-22
BANKER HOLDS
 UP MOTOR CAR
 AS GOOD FORCE

That the banking interests of the country do not consider the automo- bile industry as 'non-essential," is governor of New Jersey and now president of a Trenton banking in- stitution, a member of the federal reserve system. His opinion on this vital question has been circulated widely in the country through Stud ebaker distributors. The Bisbee Auto Company local Studebaker peo- pie, received it in Bisbee.
 As a banker, interested in the prosperity of the country and the ne- cessary maintenance and develop ment of an industry that furnishes employment and wages and thus pro- notes the general welfare of the masses" said Stokes, "I beg leave to call your attention to the reported action of some of the federal reserve banks in chasing automobiles as non- essentials in the extension of credit.
 Tt might be well to call the atten- ton of the banking fraternity to the
 
 only IS a factor in the necessary transportation facilities of the coun- try but as a contributor to one of the largest of our industries and a pro- moter of the happiness and morals of our people.
 Tt is mooted question whether the automobile industry stands sec ond or third in the country. If all the parts in connection herewith are included, it ranks second. What individual banker has a right to say therefore, that an industry which by common judgment of the people of this country has attained such pro- portion in our industrial fife. is d non-essential? Burke said you can not indict a whole people. No bank ing fraternity or government has right to say that an industry of such size as the automobile industry, bas- ed upon the needs and requirements of the public, is unnecessary and therefore unworthy of credit.
 The automobile is of immense value to the nation as promoter of the spirit of contentment and as an effective suppressor of the spirit Of unrest. No owner Of an automobile even trough it be a pleasure car. who is able to enjoy it's use for his family or friends, is likely to become a Bolshevist or Communist. He favors the continuation of things a. they are. because he has means Of happiness in his own possession and therefore is against any upheayal oi the present social order.
 Next to the church. there is no factor in American life that does so much for the morals of the public as does the automobile. Formerly the pleasures of life divided the fam fly. The father had one avenue or recreation, the mother another. the children another. Today our road sides are crowded with the family picnic parties, who carry their lunches with them and who take their outing as a unit. Any device that brings the family together as a unit in their pursuit of pleasure, Is promoter of good morals and yields a benefifent influence that makes fer the good of American civilization. II every family ill the land possessed an automobile, family ties would be closer and many of the problems or social unrest would be happily solN- ed. The banker who says that de vice of this kind is non-essential' possesses a narrow vision and fails to see the influence it has for good The automobile is one of the coun- try's best ministers and best preach CTS"