We acknowledge valuable discussions with Dr. J. Lindenstrauss of Yale University. An infinite matrix A is called conservative if for each convergent sequence x the transformed sequence Ax is convergent. It is a classical theorem that a necessary and sufficient condition that a matrix A be conservative is that: (1) \\A\\ =supi Ey" i \aa\ < °°> (2) lim,-,«, EyTM iaa exists, (3) lim,-,M an exists ...