BANKING: Small-Town Banker?

Off the train at Seattle one day last week stepped plump, upright Philip A. Benson, president of Brooklyn's big Dime Savings Bank. To nosy newshawks who asked him if it was true that bankers started wars he retorted: "Hooey!"

So saying, Banker Benson taxied to Seattle's Olympic Hotel for the 65th annual meeting of the American Bankers Association, of which he was president. To 2,500 banker delegates he sermonized: "We are meeting in the shadow of another great war. ... We must be prepared for whatever shocks may come."

No more definite than...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!