The times. [volume] (Richmond, Va.) 1890-1903, 1897-02-23
THE VIRGINIA BANKERS
THEf FAyOR THE EEPEAI or THH
Ten PER CINT. SrATE BAyE tx.
RESOLUTIONS Passed aud the oue.,io.
Earnestly Discussed-Onicersf for Anoth.
er Near-WilI Meet Here Next Year

OLD POINT, VA, Feb. 22-SpeciaI-
The fourth annual session of the Virginia
| bankers Association was he'd this morn
| ing IN the Chamberlain Hotel. Presi-
| dent caldwell Hardy, of Norfolk, pre-
| slded ana ;. G. Wallace. OF Richmond
acted as secretary The convention was
| opened with short prayer by Rev. c. b.
bIyan, or -. Johns church, Hampton.
Mr. Francis +. Cau7ey. Of Hampton de-
liNercd the address Of welcome 10 thu
bInhers.
OFFICERS ELECTED.
The nominating committee which con-
slsled or Mr. Mann :. Quarles, OF Rich
mond, Colonel W. ii. TAYLOR. OF Nor
foik, Mr.. y. II. Williams. OF Chase CITY.
and Messrs. @. Hatton and j. A. Parker
OF Portsmouth. then recommended thu
Following officers who were unanimously
elected 70 serve FOR the ensuing year.
President, X. w Burke. OF Stauntcn:
Nice- Presidents. W. II. Lambert, Of Alex
andria;P. '. Conway. of Fredericksburg:
W. II. Hill, Of Richmond, S. q. Wallace.
and Mann s. Quares. Of Richmond +, +.
Miller. OF Lynchburg: j. II. Toomer. OF
Portsmouth; ". H. Doyle. OF Norfolk:
and j. A. Wlllet. Of Newport News: Sec
rotary and Treasurer II. \. Williams OF
Richmond. Va.
TIE COMMITTEES.
The following committees were also
elected:
Executive Committee-G. J. seay. OF
Petersburg; J. RI. Patterson. OF Manches-
ter and J. II. Scheduled. OF Danville.
Committee on Banking and Jurispru-
dence-A. J.. Boulware. Of Richmond, l.
X. Watts, Of Portsmouth, J. NJ. White
Of Charlottesville; Alexander Hambleton.
OF Petersburg. A. A. Phlegar, OF Chris
tiansburg g. A. Schmelz, OF Newport
News, j. 8 Elicit. of Richmond, and c.
NJ. Blsckford Of Lynchburg.
Committee on Finance.-K. II. Smith.
W. NJ. Hih and j. +. Glenn. OF Rich
mond.
CURRENCY REFORM.
President Hardy then introduced the
principal topic Of the day-"Currency
Reforms die led thei discussion Dy
reading a very interesting paper by
Congressman Charles y. Fowler. OF New
Jersey a member of the House Bank
ing Committee. This subject provoked
7pititcd discussion. participated ia by
Messrs. Toomcr, HattOn, ana Parker,
OF Portsmouth, Colonel Taylor OF Nor
iOik, Messrs. Burke. OF Stanton;
Quarles, OF Richmond. and vest, OF New
port News.
This debate eliminated in the follow
ING resolution, offered by Colonel W. 30
Iayior ana unanimously adopted.
heSolNeui mat IL IS the sense OF this
meeting that tine tax of = per cent. upon
the issue OF notes by state banks should
be repealed. coupled win such amena-
ment OF the MISUNDERSTANDING act as viii !
."t"''i<r ih" issue ot ana elastic cur
renc.'
Second, That AN national banks should |
Dc allowed Co issue notes 10 the amount |
or the par va uc Of bonds deposited bv |
them as sccurAy FOR such notes. and the |
tax thereon should n reduced 10 one |
fourth Of one per cent
Ihird. That some plan should be !
ADOPTED iOI tho retirement OF tine demand |
notes Issued by the Government thar /
VIII not bring about contraction Of the |
currency"
THOSE PRESENT.
III addition 10 the gentlemen intro /
duced. the following members Of tie as
sociations were also present. Captain
\. Burruss, Mr.. A. +. Krlse. and Mr.. |
NJ. &. Ferfbce Of Norfolk. Mr. Alex |
ander Is. Butts. Of Portsmouth; MIL. \.
Periera, Of Scottsville. G.. b. Fishburne
Of Charlottesville. H. y. Phillips OF
chase city; William IT, Jones Suffolt |
Arthur ). Lee. Newport News. IA. l.. /
schmelz. Hampton, 4. l.. Adamson. Man
chester; John j.. Glenn, j. W. Sinton.
mond '''''
The association will meet I'm Richmo~j
next season.