The economic policy commission of ihe American Bankers Association Convention issued a report here y terday declaring that "defence rearmament is proceeding far more slowly than it should be.
"The likelihood of our being able io escape an actual part in the p sent war may depend upon the vigour and efficiency of our preparations," ihe Yeport said.
The report also warned that after the current war, the safety of Democracy will depend on proof that free enterprise provides better living standards than regimentation under a dictator.—United Press.
Text read from the printed page and cleaned; old type leaves the occasional error.