sitiveness and awareness of the broad area which pertains to economic
growth than most other states.

Here is a direct quotation from his statement:

"Maryland in the past four years has shown more acute recognition to
all the factors and forces which pertain to growth... than other states. "

He listed among those forces and factors which we have recognized as
the Port of Baltimore, agriculture, industries, competition from other
states in science industries and competition for industries moving out of
metropolitan areas.

And then he went on to say this:

"Instead of waiting around for the Federal government to pump
money into the State by way of handouts and such things, Maryland has
taken steps to get an old-fashioned continuing stimulus.

"They sought to bring in new business, took an interest in research and
development industries and focused attention on the seafood industry. "

These remarks of course are highly complimentary, and I happen to
believe they are fair and accurate. It is always a satisfying experience to
be the bearer of good tidings, and it has been a genuine pleasure to have
this opportunity to report to you that the economic condition of your
State is sound and healthy.

ADDRESS, MARYLAND BANKERS ASSOCIATION
BALTIMORE

May 7, 1962

I wish, first of all, to express my sincere appreciation to the bankers of
Maryland for receiving me as their guest at this 1962 convention of the
Maryland Bankers Association. I am grateful, first of all, for being so
honored, and I am pleased, too, to have this opportunity to escape, if
only for a few hours, from the strife and turmoil of a political campaign
and from the hardships and headaches of the gubernatorial office.

I want to address myself here today to a subject I know is of primary
concern to bankers—the economic condition of our State. I hope to
establish that, in a general way, this condition is good, and I have
brought with me some figures and data which I believe will support that
position. For example, I have as one indicator a figure supplied by the
Fifth Federal Reserve District showing that bank deposits in Federal

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