as a whole. I have, as I know you have, as much confidence in the
future of our beloved Maryland as I have reverence for its glorious past.

Once again, let me say that it is a pleasure and a high honor to be
present at this sixty-sixth annual convention of the Maryland Bankers
Association.

ADDRESS, FREDERICK ROTARY CLUB
FREDERICK

September 26, 1962

These yearly talks before the Rotary Club of Frederick have become
almost as routine for my Office as annual messages to the General Assem-
bly, and I assure you that I look forward to them with eagerness and
pleasure each year.

As the business and professional leaders of this prosperous community,
I know you are interested in the economic conditions of your State,
and today, with your permission, I should like to pursue that topic at
some length. A short time ago, the Federal Reserve Bank of Richmond
published a booklet, entitled Maryland—An Economic Profile, which
described Maryland as "an old state but one whose economy has been
showing the boundless energy of a teen-ager. " On the front cover of the
brochure was a photograph of our ancient State House in Annapolis
with this line underneath: "Maryland—an old state showing vigorous
economic growth. " This booklet, you will understand, was not a flashy
promotional project conceived and executed by public relations men,
but instead was a sober dissertation by bankers and economists on the
economic health and condition of our State. The image it portrayed—
of an old-timer with the outlook and the vigor of youth—was, in my
opinion, fair, honest and accurate.

We Marylanders take great pride in the fact that ours is a state
steeped in tradition and in the glories of the past. But we are also proud
that Maryland is a progressive, dynamic forward-moving State. There
undoubtedly are those among us who hark back to the more tranquil
days of the sailing vessel, the ox cart, the horse and buggy, and indeed,
in these trying times, most of us experience such a yearning at one time
or another. But as an alert, intelligent, sensitive people, we know that
we cannot live in the past and must face the present and the future with
boldness and vision. And so, we move forward, as strong men always
have done, conscious of the past and its influences upon us, but eager
for the new adventures which lie ahead of us.

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