Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-02-23

4 circulation, redemption. elasticity, and a
| security so potent that the notes Of a
| failed bank Immediately command pre-
J MUM.
You have read the clear, concise, CO.
| gent, conclusive plan of the indianapolis
convention, a masterpiece in finance.
Yet you await tine coming OF Moses 10
lead you 20 the promised land; Moses
TO smite the rock OF the nations re-
sources, that abundant streams OF clrcu-
lation may gush forth; 10 touch the dead
corpse of our banking assets, that Il may
spring TO its feet. live, and restore our
dropping energies.
My province is to welcome and not to
discuss. Pardon me IL l express the
hope that your deliberations may lead to
the approval and endorsement of the In
dianapolis plan now pending IN Congress.
for I'm that road alone may we find
surcease to our tribulations. thank you
for your attention and again bid you well
come within our gates.
President Burke responded briefly to
Mr.. Newton, thanking him for his words
OF welcome. Committee on Nominations
was then appointed and retired. and
while they were out preparing their re-
port, the treasurer Mr.. II. A. Williams,
read his report, showing the organization
to be in good financial condition. The
Chair announced the death Of Mr.. A. l..
Boulware, and appointed a committee,
consisting Of Messrs. Branch, Causey,
and Christian to prepare suitable resolu-
tions OF respect to his memory.
THE NEW OFFICERS.
The Committee on Officers, at this Juno
ture returned, and made the following
nominations. the gentlemen named being
duly elected by the reception Of the re-
port:
President. w. NJ Hill. of Richmond:
Vice-Presidents, Mann S. Quarles, s. G.
Wallace Richmond; Il. r. Miller. Lynch
burg; j. II. TOomer, Portsmouth: w. H.
Doyle, Norfolk; j. A. Willett, Newport
News: j. j. Lawson. South Boston; c. d.
Fishburne, Charlottesville; Turner Nc
Dowen Fincastle; Secretary and Trea-
surer, II. A. Williams, Richmond.
Executive COmmittee-B. w Leigh.
Norfolk (chairman); George L. Christian,
Richmond; II. S. Trout, Roanoke; G.. ].
Seay, Petersburg; J. II. Patterson, Man
chester; j. II. Schoolheld. Danville; j. L.
Bilisoly Portsmouth, j. NJ. Robertson.
Charlottesville; James N. Boyd, Rich
mond.
Committee on Banking and Jurispru-
dence-E. r. Watts. Portsmouth; j. M.
White, Charlottesville: Alex. Hamilton.
Petersburg; A. A. Phlegar. Christian
pNl - p' ~ SSiHltllI Newport News,
John S. Elicit. Richmond; c. NJ. Black
ford, Lynchburg; r. w. Burke. Staun-
ton; Virginius Newton, Richmond.
Committee on Finance-R. H.. Smith. J.
F. Glenn, and J. w. Sinton, of Rich
mond.
ADDRESS OF MR.. TRIGG.
When the report was adopted, Mr.. Will
liam r. Trigg, president Of the Richmond
Locomotive and Machine Works. was
introduced, and addressed the gathering
He spoke in the outset Of the power for
good the Bankers Association could be
made, and then, referring to his appear
ance before the Currency Committee at
Washington, said:
II may as well state it now, as later.
that, in my judgment, the 10 per cent
bank tax Is the root of all evils. 1t has
robbed labor Of its reward; it is the
genesis of all financial heresies. or, I
should say expedients, for the heresies
are expedients, justified by this curtail-
ment Of liberty-the 10 per cent. tax pre-
venting people doing with their own as !
they would, not allowing them TO use
their credit. / am for the unqualified re- |
peal of the tax. but this cannot be Sc
cured now 6hough, perhaps, later), for a |
very large majority Of the people Of all |
sections of the country oppose IT, they |
have drunk deep Of the poison of note |
good everywhere" and they will not |
resign ii, and so I have long determined |
10 embrace a modified repeal, if ever
more liberal the better-and / |
am here TO confess that my expectations
We're surpassed I'm the plan adopted by the |
indianapolis convention on the 18th ulti-
mo.