The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-11-09

In speech Of CHARACTERISTIC vtgor
and directness. which was the decided
feature Of the quarterly meeting OF
the Credit Mems Association last
night. and which provoked frequent
outbursts OF applause. Hon. Henry Z.
Stuart defended the action OF the State
Corporation Commission In regulating
freight and passenger rates. and de-
MED emphatica!ly that 1t was in any
way responsible for, the present de-
preston In railroad stocks.
The meeting lasted-u after n,idv
night, and from every point of view
was most enjoyable affair. IL wat
held In the rooms ct. the Rustness
Mems Club. and 100 prominent bust.
ness men were seated at the banquet
table.
After reports from various officers
and committee chairmen speeches
were made by the Rev. Robert W.
Forsyth. rector OF st. Paul's Episcopal
the State Corporation Commission.
who were the special guests OF the
association. Tho former, WHO was oi,ets
credit man himself, treated the
Ethics OF Credit' in very happy
manner, and the latter unexpectedly
launched into bold defense OF the
commission.
This is the first time" he declared.
In introducing the subject, that have
ever discussed it publicly. and deem
1t proper to do so now, as the work
IA behind me, and has passed out uf
the hands OF tho commission and into
3 the courts
Tho remarks OF Mr., stuart We're de-
livered in his usual Misunderstanding
style. and they were greeted with fire.
.quent applause.
Others speak.
President John Landstreet presided
at the meeting. and when the banquet
was we'll under way he called ,lpoli 1
Mr.. Benz. 4. C,rump. who submitted his
report as a delegates to the national
convention recently held In Chicago.
Mr.. w. B. Broaddus followed. and spoke
at some length on the adjustment bu-sl
reau. "a.
Mr.. u w. Craig reported the fol-
lowing firms for membership. and they
w ere elected:
Aragon Coffee Co.. S. Il. Beveridse q
Co. p. j. Gregory Vinegar Co., @. t.
Gregory Vinegar Co.. T. j. King s. Co..
"A. V. Shalton 4 Co., Grover & Cren-
shaw, Wortendyks Mfg. Co., w. S.
Forbes &: Co., Westover Paper Co., lno.
Fl. Rose & Co, Gartliwright-Chiles Co.,
Il. G. Kidd. Harris Grocery Co., 7. M
Perkins Co.. j. Lee Koiner--Mayo Iron
Works, Lataybre-Armistead.
Mr.. j. y. Gwathney. manager OF a
Bradstreet's agency. gave his views on
the adjustment bureau. and Mr.. j. y
Merger, of the Miles Shoe Company,
read a paper pointing out weak places
In the work of mercantile agencies.
Mr.. Leon Wnllerstein gave most
favorable account OF the workings OF
the bureau of credits. and sald II was
resulting In great benefit to the local
business world s
Ethics OF Credit,
The address of the Rev MIR. Forsyth
was a most enjoyable one, and 1t kept
his hearers laughing AMI lS9pp!audlma
throughout its delivery. He told o.
number of bright and humorous aneo-s
dotes, Will, each Of which he illus
with the "ethics OF credit N
Capital and credit march hand In
'hand.'s hc declared They are the
Gold Dust twins that do the work at
the world, and the ono Is dependent.
upon the other. W..
In presenting Mr.. Stuart, Captain
Landstrcet said the association hads
recently been addressedNby an exr0ov-;
ernor OF the State. and later pS the.
fNIOSetupls 1e SllSGI SsS klO pcN1 VI
next speaker would he the next Gov-s
ernor, sses sasslt .
This sentiment provoked an outburV3.
Z OF applause. which was vigorously re-
newed when Mr.. Stuart arose to speak
He did not take up the subject az;
railroad regulation at once. AT son,e3
length he treated the various eras Eo9:
credi. In SOUTHEAST Virginia since the!
war, and came upon what developsNg
into the warm feature OF his speech.
rather unexpectedly. isss.. sss..
Their JteaAons,
.rhe commission did Its work m TIM
rate matter deliberately, and aftsy'
etght months OF careful lnvestiEatio1sa :