The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-09-26
JAMESTOWN
EXPOSITION.
Newport News, Will viii g. Give It
Substantial Support.
THE MARYLAND !: 7 l Nd UNHURT 7
The Maryland Bankers Visit Newport
+ News and the Shipyard-Secretary
Shaw Makes a Significant Ad,s
dress as to Our Prosperity
W. IS i, sis.S5 < -i.si -; ~
fsnetI,1 II 1-ho Ttmes. plspatch. !

III rlt3f Especial 10 Il DO llneS.D lepalCn'l
NEWPORT NEWS. VA. Sept. 25.--
Vice President T. ]. Wool. Of tho James,
town Exposition Company, addressed q
large body, OF the prominent business
men q this city tonight at meeting
OF the Chamber Of Commerce.
The meeting was called for the pur-
pose Of awakening the interest Of the
people OF the city in the exposition and
the public was invited to attend. 4.
\ All Of the banks Of the city have ar
ranged to receive subscriptions, and IT
Is believed that a great deal OF stock
will be disposed of here. :ti \ 8
rat to-night's meeting $4,000 worth OF
stock Of the Jamestown Exposition Com
pany was taken 55ss Ys
The Bankers Associa ton OF Maryland
and the District OF Columbia visited the
city to-day and the members were shown
over the ship yard. The association Is
holding its annual conven tom aboard
the steamer Norfolk. OF the Norfolk and
Washington line. The steamer left
washington last night and arrived at
Old Point early this morning. After.
breakfast the party came hero, visiting
various points OF interest about the city.!
AT 4 O'Clock the bankers left for Nor
folk, where they stayed until tonight,
when they returned to Washington on
the steamer.
Among the guests Of the bankers are
Secretary OF the Treasury Shaw and
daughter; Comptroller of the Currency
William Fl. Ridgely and Ellis II. Rob
erts, Treasurer of the United States.
Secretary Shaw delivered very signi-
ftcant address aboard the steamer last
night taking a very optimistic view OF
business prospects of the country y
4; The members OF the new City Demo-
cratic Committee were elected In a rpri-'
mary. yesterday. The committee will
meet October list to elect officers, and a
lively fight for the Craftsmanship will
present chairman, and Mr.. Allan D. j..
Jones are mentioned as candidates for
the office.
CRUISER UNHURT.
The armored cruiser Maryland has
been In the dry dock for the past two
DAYS. and careful examination OF her
bottom has been made. 1t was found
that the big hull had not suffered In any
way as the result OF the accident which
occurred when she was launched Is
Robert Burns George Richardson and
Henry Richardson. three very small ne
gro boys, who We're arrested this morn
Ing for stealing 500 from tho pocket Of
Louis r. Frazier, were sentenced to the
ireformatory this morning by Justice
Brown.
The secretary said that we either must
Issue more bonds as a basis for national
bank circulation or provide some sub
.stltute. The present volume OF govern
ment bonds, he said, is insufficient and a
recent demand for Sc, 100000 of govern
ment bonds, consequently had advanced
the price OF government bonds to figure
that made national bank circulation I'M
profitable. But. ne~added, any currency
system adopted must provide for com
plete exchangeabllity Of every form OF
money SO that our people never would
have cause to look twice at bills present.
ed in regular course OF business.
MUST HAVE MORE BONDS
Speaking OF the functions Of n bank,
he said, Its success shouldn't be measured
by its dividends, but BY Its solvency.
conyertatism and promptness to respond
to Its customers Legitimate needs. y
Its reserves In his opinion, should be
available for use In times OF emergency,
and were not intended to be buried and
never touched. The recent deposits -of
public moneys and offers to redeem bonds
had not been made, he went on. With any
expectation of aiding the stock market.
but solely to assure the business men of
the country there would be no money
famine this autumn.
"cio home" said he to the bankers,
s"and tell your merchants and your manu-
facturers and your railroad people that
you arc still doing business at the old
stand, and expect to remain. Stand by
the business interests OF the country and
all will be we'll,
1.-THE prosperity Of the American people
is not measured by the price Of stocks and
bonds, hut by the output OF our farms and
our factories, and the profitable employ.
ment OF labor"