Time for a Throwback... Way back. - WBA staff dusted off our past publications and found some gems for your enjoyment:
WBA President George A. MacLachlan
It is just a little over a year ago that I was advised by a good doctor that my heart was too bad to attend the convention. They tell me that when I awoke in the hospital after a rather serious heart attack I found all the shades in the room drawn and when I inquired why this was they said there was a bad fire across the street and they didn't want me to wake up and think I had passed away while I was unconscious.
There was some question in my mind as to whether or not it was good policy to accept the presidency of an organization the size of the Wisconsin Bankers Association under the conditions. I was assured, however, that the organization was so well-knit and capably handled by its secretary that there was little to worry about. I certainly found this to be true and at this time wish to tell you that, in my opinion, you have a very capable and efficient secretary in Wall Coapman and that the rest of the force are doing a good job for you.
Dr. Carey Croneis | "Economy - A Forgotten Virtue"
Because I am so fearful of the dangers to this nation which are involved in the trend toward bureaucratic megalomania, I have welcomed the request to speak to this group on the work of the so-called Hoover Commission.
The Hoover Commission, however, has done something about the trend toward chaos in Government, and has attempted to reverse the steady movement away from that all-but-forgotten American virtue, Economy.
Contrary to some impressions, the Hoover Commission was not a political organization. It grew out of the Ledge-Brown Act of 1947, which established a "Commission on the Organization of the Executive Branch of the Government." The members of this Commission comprised a twelve-man non-political group. Four of these men were appointed by President Truman, four by the Speaker of the House, and four by the President of the Senate. Herbert Hoover, fortunately, was made Chairman—hence the popular name of the Commission.
Now let me make it crystal clear at the outset that I realize the inevitability of complex government for a complex nation in complex, confusing times. I am also well aware that there are many faithful, able, underpaid governmental servants. I know, too, that certain agencies do consistently good work without the benefit of bloated budgets. It should be made equally clear, however, that unless and until influential segments of our national life are stirred to action by the shocking weaknesses revealed through the Hoover Commission our own fine government creation bids fair to become the Frankenstein which may destroy us.
William R. Chapman | "Loans to Small Business"
Small business and its part in our economic life is currently the subject of much discussion, chiefly because Congress has felt it necessary to consider legislation to aid small business. It is important that we give serious thought to the need for such legislation; and if there is a need, whether it exists because of lack of facilities to deal with that problem. We should be sure there is not merely a misunderstanding of the functions of present lending agencies, or a failure on their part to convince the public and small business in particular that they have met their responsibilities.
I am inclined to believe that we bankers have not sold the public as to the place of a commercial bank in a free enterprise economy, as to our general interest as citizens in encouraging and developing small business and as to the help banks have been to small business. I am sure the public does not appreciate the difference between bank loans and equity capital.
Originally published in the July 1950 edition of The Badger Banker.