Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-03-08
Washington Chapter, A. |. B.,
Entertains at Raleigh Hotel.
SOME STAR ATTRACTIONS
Finance From Joe Bailey and John
Sharp Williams.
TALKS BY LOCAL FINANCIERS
Bob" Taylor Delivers a
. Characteristic and Entertaining
Address-List of the Guests.

Address-List of the Guests.
Senator "F'iddling Bob Taylor of Ten
nessee, Senator Joe Bailey of Texas and
senator-elect John Sharp Williams of ole
Heidelberg and Yazoo City, Miss, were
the star attractions at the fifth annua
banquet Of the Washington Chapter
American Institute of Banking. at the Ra'
leigh Hotel last night. There were otnei
attractions. of course. but the em1nen'
gentlemen mentioned constituted the three
rings of this particular circus. Two Oh
them-Senator Bailey and his coileague-to-
be from Mississippi-settled off-hand' the
| financial problem now before the Amerl-
can Congress, while "Fiddling Bob" II
was conceded. approached the everlasting
limits of elocution and oratory
More than one hundred and fifty bank
ers and bank clerks and guests had their
legs under the mahogany when Rev wal
Avenue Presbyterian Church. pronounced
the invocation. W.. Nick. Stowell, pres
ident Of the local chapter of the institute.
made a happy little talk. in the course OF
which he introduced Charles A. Douglas
as the POSTMASTER of the evening. Mr..
voice, which has played so many tricks
with the emotions of susceptible jurymen.
touched all the reachable tones or the
Lutte and the stock of Introductory pleas
antries never did run out. In his own
brief little speech he paid high tribute to
Washington chapter and It's members.
whom he termed the coming financiers of
the country. and called Special attention
to what he termed 1.-The marvellous work
of the various branches of the American
- n~N oil tlNn
States.
One Great Mission.
Mr. Douglas insisted there was one great
mission ahead Of the young men he adj
dressed and Of their fellow-members OF
the institute throughout the country
That was to induce Congress to adopt
| uniform banking act 1t had taken ten
years. he said. to induce twenty states
| to adopt similar banking statutes. and
even if in time all the other states fell
into line this effort toward most de-
| sirable end would be set at naught by
| the differing interpretations given to prac-
tically identical laws passed by the varl-
| Gus legislatures by the courts OF the sew
| eral states.
william v. Cox president Of the Second
| National Bank and of the District Bank
/ ers' Association. the first speaker intro.
| duced by Mr.. Douglas was also mos'
complimentary to the members of Wash
ington Chapter. He commended the onel
| by Pre- sident Stowell of the chapter OF
loving cup for the best paper on banking
] and mentioned several of the highly tech
nical phases of the banking business upor
| which a financial thesis might be written
to demonstrate that the chapter was ny
| kindergarten. He gave advice to th'
| Young men present. not so much because
| they were in imperative and immediate
need of it, but because, as ne expressed
It. 1.-THE bank clerk of today Is the banker
Of tomorrow"
nomical, quoting Hetty Green, self-con
stituted pawnbroker to the Vanderblits
to the effect that "a man is never rlci
until he can keep ahead of her ex
penses." Mr.. Cox closed with remarks
eulogistic of Washington financial lnstl
tutions which had weathered the recen
storm and panic, fighting the good figh
without outside assistance.
i Senator Bailey's Eloquence.
], Senator Bailey, as soon as his melodi
Gus voice got properly tuned up. held hi
auditors in a trance. That's because the!
were bank clerks, bank presidents ant
such, and probably could understand II
some slight degree at least. what he wa
talking about But the senator was s.
COMPLEMENTARY technical and high
tinancy at times that to the layman, wnfl'
II sounded grand it didn't mean whole
lot The Texas luminary came down on
of the realms of million mist long enough
in one section Of his speech to remarI
and that everybody knew him. He wa!
to finance what the clergyman was to re
ligion and the physician to disease.
Don't get discouraged" he cried tt
the young men who were. listening t.
/ him with their mouths and ears wide
open. Don't get discouraged: those o.
your superiors who refuse to die will
eventually retire"
Mr.. Bailey got the glad hand properl!
when he mentioned that Texas banks hat
been forced to put their depositors upol
a daily allowance because New York ha'
i their money and wouldn't give 1t up.
when i go back to my state" he sai'
with q smile. I'll tell all the banker
down there to hereafter deposit their IN
stitutional funds in the safe and sane de
positories of Washington
The senator mentioned in a casual, non
political wAy-as he said-that time
would be better when that broncho-bust
er and business buster" now in the Whit
House got out.
i Unity in Banking.
Charles j. Bell, president of the Amer
lean Security and Trust Company. re
sponded to the toast Unity in Banking.
and gave this somewhat comprehensive
subject local turn by insisting that 1
was the duty of the bankers Of Washing
ton to build up their business by frs
building up the business of the Nationa
capital. He discussed the work Of thu
District Bankers Association and OF thu
| American Institute of Banking, and urget
the widest possible extension of the spirit
of harmony and the idea of unity in those
financial operations which are the func
| ton Of banks and trust companies.
| "Reminiscences was the subject or
| which John Sharp Williams was sup
posed to loosen Up. But Mr.. Williams
had listened intently to Senator Bailey's
financial talk. taking copious note:
throughout. and was cooked and Drimed
for a big reply. And he made it. There
was another reason, too. why Mr.. VIII
liams did not ''reminiss." He referred
feelingly. to a poetic tribute paid by Sen
ator Bailey to water, natures brew
which happened to be the only thing or
tap at the banquet in the way Of liquid
and said in his inimitable. drawing
Yazoo City style that he never did be
lieve in water power for running a con
sressicnal windmill at night" So Mr.
| Williams left the primrose paths of ora.
torical folly and followed his colleague
footsteps along the rocky way of menta
high finance.
Senator TAvlor's Great Fa.+