New Britain herald., 1927-10-25
FAITH IN OTHERS
 LACKING IN !. s.
(Continued From First Page)

i 'lIEiA NILh IL loSllS rom your bank. Whether you will or not you are becoming Interested in every ven ture' Of whatever character and
 wherever ill the world located. the
 securities of which are finding lodg-
 ment in your community and with
 your people
 Tt Is perfectly true" he said. dis
 cusainF national safeguards in this connection. af'pr outlining that the . United States had loaned German
 interests more than a billion dollars
 and vast sums 10 interest in many
 other countries, that the total of all
 these loans and investments js a
 mere hagatelle compared with the aggregate Of American wealth, but
 unless human nature has changed
 or effects rapid transformation, I
 have m idea that there are hun drcds Of thousands of American ctii- zens whose instinct Of soIf-preserya- ton and whose sense of property rights may somewhat incline them 10 take heed of what is happening in the rest of the world.
 Not often have the property rights Of our citizens been put in jeopardy by the action of foreign governments, but if we may judge by the reaction that has followed the attempt of our neighhor to ths south in matters of this kind, We may well imagine that the day may come when no mere small fraction or our people will not only be in- terestei in what is happening in other lands, but insistent upon our government likewise talAng cogni- 2ance of such facts"
 MT. Traylor is not opposed to for ign Investments. Such 8 thought Is farthest from his mind, he said, because being in reality the worlds banker, We must make foreign loans and Investments both for the preservation of our economic posi- ton and in justice and fairness to he rest Of the world"
 Discussing the federal reserve act. MT. Traylor thought that nothing could be more unfortunate than either agitation for or actual fur ther legislation with respect to our banking system for some time 10 come, and most of all that anything should be done to change the funda- mental structure of the federal re serve act, Let those" he warned, 'who think otherwise give careful consideration to the cause of their <, complaint' which MT Traylor thought arose largely through ad- | rather than in defects | in the law itself If this assump- 1 ton is correct" he continued, "may |. we not ask those in authority to CO., operate with us in an effort 10 strengthen the foundations of the 
 Concerning tax burdens, MT Tray Tor was mot optimistic enough to . hope for any marked change in the ! future,' but he said he was not greatly alarmed about the | since our largest taxpayers are likewise our largest bond buy CTS"
 Turning 10 reformers. he thought 1 them the leaven of the loaf, the | salt of the earth who save our body polite from deterioration, even though their eXpermcn sometimes are merely stupid, many times just udicrous and nearly always selfish. And yet. We seem 10 he doing fairly we'll and it seems to me that we may expect continuance of things as they are for some time 0 come"
 Critics, he termed splendid world influence but he insisted that He must never allow them to shake ,ur faith in ourselves. in our fellow nan or in our national destlny."
 Pointing to the future. he said hat his hope is that we may bc ich without forgetting 10 be right ous; that we may have leisure rithout license: that We may br owerful without being offensively 'roud: that we may be nationally linded without being narrow mind I; and finally, that We may live in
 world of fact without surrenderine UT faith"
 War on Criminals