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OCR Page 1 of 13Specch Fl City
TRUMAN
S
NARA
I want to ros your consideration
sous of the
has done. Banirers of late have been doing
some howling, but 1 wonder where they'd be nou
ar At hadn't beon for the atrong course pursued
in their behale by Perhape
none of them would be in buelness today.
that courge not only aaved the financial
structure of the nation, but the interesto
of the can who nia money in the
sore safeguarded. For the first time in history
the bentrers and thoir direetore have become
roal truateos for the depositors. Under
Coolidge there were 833 banit fallures over a
four and a bale year period; under loover
during four yeara thore wore a thousand and
thirty-five. Bomo teo hundred and seven folled
to peopen efter the banit holiday. There have
been eight failures in thpee yeara under noose
volt, and every depositor with five thounand
OF loss in these eight got hia conoy. Banks
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