Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-10-12

Judge George J." thrlStlan' AIoi" wv
Committee on Permanent Organization
submitted the following names for per-
manent officers Of the association:
President-Walter II. Taylor, president
of the Marine Bank Of Norfolk.
First -Presldent-C VI. Blachorc.
president of the Peoples National Bank
of Lynchburg.
Second Vice-Presiden.-H s. Trout.
president OF the First National Bank OF
Roanoke
Third Vice-President-John H. School
field. vice-president Of the Citizens Bank
of Danylle.
Fourth Vice-President-R. W. Burke,
vice-president of the National Valley
Bank of Staunton.
Fifth Vice President-Henry G. Hardy,
cashier Of the Petersburg Savings and In
surance Company.
Sixth ce-PreslIent-W. II. Lambert.
cashier of the Citizens National Bank OF
Alexandria.
Seventh e-President--George X. An
derson. cashier of the Allegheny Bank
| Of Clifton Forge.
Eighth Vice-President-W. J. Johnson.
president of the Citizens Bank Of Rich
mond.
Ninth -Presdent-C. NJ. Braxton'
vice-president Of the First National Bank
| Of Newport News.
Secretary and Tr'asurer-Samuel Il.
| Wallace, cashier Of the Citizens Bank or
| Richmond.
The report was adopted. and in the alb
| scncc of Colonel Walter II. Taylor. the
permanent president Captain G. Vi.
Blackford was called to the chair.
EXECUTIVE COMMITTEE.
Major Scott nominated the following
gentlemen to constitute the Executive
| -. nj 49,
| II. Palmer, OF Richmond Caldwell Hardy,
| Of Norfolk; F. y. Burton. Of Danville;
| j. Il. Pace, Of Richmond; L. a. krise OF
| Lynchburg; e. -. Fishburne. OF Char
| lottesvlle. c. II. Bishop, OF Petersburg;
| II. VI. Darnall Of Roanoke H. ID. Fuller,
| OF Winchester.
The Chair appointed the following Com
mittee on Banking and Jurisprudence;
| George l.. Christian, Richmond; l.. X.
! Watts, Portsmouth: J. s. Elicit. Rich
mond Alexander Hamilton, Petersburg;
\. H. Boulware. Richmond; y. A. PILE
| gar, ChristiansbuTg; T. T. Fishburne,
Roanoke: ~ l.. SchmeZ, Hampton; J. A.
| Taylor, Fredericksburg.
The Chair also appointed w. NJ. Hill,
: IF Richmond: a. $. Ashbury. of Roanoke
{ and w. f. Nicholas. Of Pulaski, the Com
| mittee on Finance.
Judge George L. Christian offered the
| following resolution. which was adopted:
| Resolved, That the thanks Of the asso-
! citation are due and are hereby rendered
| TO Mr.. H. NJ. Darnall, assistant secretary
and treasurer Of the Roanoke Trust, Loan,
| and Safe-Dcposit Company, for the valua-
| bic and efficient services which have been
| rendered by him in enectlnG this Organl-
| Zation.
MIR DARNALL'S RESPONSE.
| In acknowledging this compliment, Mr..
| Darnall said:
| Mr.. President and Gentlemen.-I hardly
know how to express my appreciation OF
| the handsome compliment paid me by
| vour resolution, and it IS all the more flat
| tering coming as 1t does from such an
| intelligent and representative body as
| this, and especially so when L realize the
| fact that whatever effort l have put
| forth could only have proved successful
| by your generous approval and co-opera-
| ton.
What I nave done to bring about the
| organization of this association has been
done with the sole purpose of seeing the
| banking interest of Virginia brought 10
| that state of excellence In all It's detalls
that will enable us 10 take our place
| among the other States OF the Union with
n banking system second to none, and l
believe that with a determined ana per-
sistent effort We can attain the end.
|
York, Pennsylvania Ohio, Illinois, Ken
lucky. and Georgia, have recognized the
advantages to be derived from such as
soclations, and / hope and believe that
| the time is not far distant when an or
| ganization of this kind will be neces-
| sity to every State and whose united Ell
| forts will do much to divest the nnanclai
policy of our country of partizan politics
and Mace IL upon sound business prlnci-
1 . a IatK al GlnnlV
demand. coupled with the confidence OF
the people in an honest dollar, will be
the only considerations that will claim the
| attention of our law makers in supplying
us with a circulating medium. Our col
lection laws are in n deplorable condition,
| and when we realize the long and expen-
| siye process necessary to collect n uept IL
IL no wonder that capital shrinks from
the hazard and seeks other fields for In
vestment
! USURY LAWS.
, Our usury laws are relics Of past age
when the supply of money was always
equal TO the demand, and at the present
day. so far as the banks are concerned,
are entirely useless. Why should there De
a Law on our statute-hooks that Is only
observed in its breach? This condition OF
affairs should be so changed as to pro
vide for a legal rate of interest only Wheii
there is no agreement 10 pay u uliieieh'
one. 80
These are two items which I regard as
| Of the greatest Importance In perfectlng
our system, and l hope that our Coihffiit,
!; tee on Banking and Jurisprudence VIII
give them their earnest attention at the
coming session of our Legislature:
/, Grace days on sight. and demand paper
should be either abolished or made gene
raj In all the States, damages on pro
tested bills should be equalized. methods
for systematic and regular examination:
OF banks should be arranged, and al
hanks. whether private or incorporated
that accept money on deposit should b.
! required to make reports TO the proper
authorities.
seldom IL ever was there time in tn,
history Of our State when united actor
on the part OF the banking interests wa:
more needful and l beg OF each ont
here TO put forth his best efforts to make
this association grand success This
done. the results Will amply repay us fol
the labor.
Again thank you for the honor done
me by your resolution.
. TO OUR SENATORS.
Mr.. w. +. Nicholas. OF Pulaski. offeret
resolution, which was unanimousl.
adopted. requesting our senators In Con
gress TO vote for the immediate repeal o.
|, the Sherman act. and the secretary wa
instructed TO send the following tele
gram:
RICHMOND. VA. October II, 1893.
/. Senators Daniel and Hunton. Unitet
States Senate. Washington, ID. c.:
The Virginia Bankers Association orga
D,zed here to-day and unanimously adopt
ed the following resolution:
Resolved, That the Virginia senator's b,
requested to hasten a vote on the Voor
hees resolution. and to vote for uncondi
tionai repeal OF the purchasing clause o.
, the Sherman BILL
8. g. WALLACE,
Secretary Virginia Bankers Association.
INVITE ALL TO JOIN.
The secretary was instructed TO commu
nicate with all banking institutions Il
i ha 2la4a nat al A.. ax.s...as.