UNIT BANKING NOT A FAILURE, SAYS SPEAKER
UNIT BANKING NOT A FAILURE, SAYS SPEAKER Agricultural B e 11 erment Will Stop Failures of Small Banks, States H. W. Roeneke __ [Special to The Progressive! WICHITA. Kan.—The deductions of...
...Commissioner Koeneke laid the blame for the failure of rural banks in recent years at the door of agricultural deflation...
...Kan.—The deductions of Comptroller of the Currency Pole that the unit banking system has failed in the United States are unsound, declared H. W. Koeneke, bank commissioner for the State of Kansas in an address here this week...
...Koeneke stated...
...William P. George, a cousin of David Lloyd George, British War premier, is i machinist in Knoxvllle, Tenn...
...Appearing hefore the 43rd animal convention of the Kansas Bankers' Association...
...Koeneke wtid that in his opinion agricultural deflation would continue to a certain extent for several years...
...Koeneke questioned whether any system of branch banking, as advocated by Comptroller Pole, could have avoided the losses sustained by farmers in recent deflation periods...
...Some of the figures quoted by Comptroller Pole are misleading, lor in fact the recovery through liquidations to the depositors in Kansas failed banks exceeds 80% of the total involved...
...Koeneke declared...
...When agricultural conditions throughout, the country are again stabilized, when the farm dollar is again worth 100 cents, and when banks have adjusted themselves to the losses endured during deflation, there will be few failures, Mr...
...UNIT BANKING NOT A FAILURE, SAYS SPEAKER Agricultural B e 11 erment Will Stop Failures of Small Banks, States H. W. Roeneke __ [Special to The Progressive...
...An analysis of the bank failures clearly shows that the deflation in agriculture is directly responsible for the majority of the bank failures," Mr...
...Denying any inherent, weaknesses in (hp unit banking system...
...He pointed out that in almost very case where a bank in Kansas has closed its doors during the past year, the cause can be traced directly to the losses created by Uie shrinkage in farm values...
Vol. 1 • August 1930 • No. 38
