The New York herald., 1922-06-17
CRISSINGER TELLS
OF BANKING REVIVAL
At National City's 10th Feast
He Reports Frozen Credits
Are Vanished.
SIGNS ALL TEND UPWARD
Harding Sends Greetings to
$500 Who Join in Institu-
tiOn's Celebration.

A message Of assurance to American
bankers and business men that the H.
nancial institutions in virtually every
section of the country are now free OF
frozen credits and able and prepared to
finance industry. agriculture and COM
merce, was delivered at the Commodore
last night by D. r. Crissinger. Comp
troller of Currency. to the $500 okficers
and employees of the National City Bank
at the 10th anniversary OF the fourAiing
of the bank. An era Of financial sac-
tivity and prosperity was also predictSd
by Comptroller Crissinger. who was tfsc
principal speaker at the anniversary
dinner. which was attended by virtually
every employee and official OF the bank
in the city.
Message From Harding.
A message Of congratulation from
President Harding was read to the as
sembled guests by Charles e. Mitchell.
president of the bank. 1t was as fol-
lows:
"It Is q pleasure to add my own con-
gratulations to a great number OF others
that I know will come to you on this
day when you and your associates are
anniversary Of the founding OF the
National City Bank. I have no doubt
that Mr.. Crissinger. Comptroller Of the
Currency, who I learn is to address you.
will make fitting acknowledgment OF
the century and more of fine coopera-
ton between the City Bank and the
national Government. I wish, however,
to add my own word of appreciation.
1.-THE National City Bank and its affil-
lated interests have been potent factors
in efforts for extension of American
financial and commercial Influence
throughout the world. They have been
inspired. am convinced. quite as much
by patriotic consideration as by motives
of enterprise and profit. There are
multiplying and gratifying evidences
that We are entering upon a new era In
our own commercial affairs and In our
relations with the rest Of the world, In
which very proper rewards will come to
those who have thus devoted them
selves to the national interest.
"All the testimonies which come to
| me regarding the business situation and
outlook justify a cheerful and thor
oughly confident view Of the times i'm
mediately before us, and I have satis-
faction in realizing that such powerful
| instrumentalities of finance as your
own great bank will be equipped. AZ
they have been in the past, to extend
| the utmost encouragement and assist
ance to the desirable development OF
every commendable American enter
prise"
Reviews Banks History.
| Comptroller Crissinger reviewed the
| eleven decades OF the banks existence
as having been marked by intelligent.
| Nd vi tnft
service, and In his message to those
present was one of the first definite
| financial statements made by the pres.
ent administration regarding the matter
| of national credits. and a prediction for
the future in banking. Mr.. Crissinger
| also said:
when became Comptroller. in
March, 1921, I found the banks In near
ly every section congested with frozen
credits and business almost at stand
still because Of the unliquid assets OF
the banks and industry, but tonight 1
come to you with a message Of assur-
ance that the banks in every section of
the country are liquid and ready and
prepared to finance business. industry.
agriculture and commerce. / bring to
you bankers and business men tonight
a message Of confidence for the speedy
recovery of American business activities
that speaks for our people an era Of
unprecedented prosperity and resultant
happiness and good cheer.
I'VE will be glad, then. that the ex-
igencies OF the war period will have
equipped us with banking facilities ade-
quate to the new requirements. In the
race for participation in the big affairs
Of that new era institutions on the
colossal lines of your own and Of other
great American banks will be recog-
nized among the first OF our nations
equipments for the contest. The social
aspect Of banking service will be recog-
nized as never before and in the long
run the bank or banker will succeed
about as this public service is per-
formed"
Mr.. Mitchell presided. The other
speakers on the program kere John
A. Carver. counsel for the Ma
tional City Bank r. Mason. director
of the Credit Lyonnais. Paris. and Z.
p Swenson. chairman of the board Of
directors of the National City Bank
Among the other guests at the
speakers table were Percy A. Rookie
feller, Cyrus H. Mccormick, Ralph
Crews, r. w. Stewart. Percy r. Pyne.
]. E. O'Neill. J. p. Grace. II. T. s.
Green. president of the international
Banking Corporation; William A Simon
son, John II. Fulton. Milton Allies and
Guy Cary. Motion pictures of the many
departments of the bank were also
shown.