The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-02-28
YOUNG MEN URGED
To BECOME VOTERS
Morris Tells Bank Clerks They
Must Help Elect Good Mem
bcrs OF Board.

+ Spe-kims in words tr,a. compelled
attention, l.. u. Morris, member OF the
committee which drafted the plans Tor
Richinond's new government last night
urged upon the young men OF the
richmond Chapter, American Institute
OF Banking, the necessity OF quality
ING 20 vote. anG Chen voting intcili-
gently for honest, capable ana rcFIu
tentative men 10! the new Admins
traii'c Board. With the wrong nlva
eieeted - the board, air. Morris said
Richmond would have the worst gov
efnnttnt possible, while II the riSht
men run ana are elected, the city viii
&c working under che best possible
conditions.
=, nise"ssins the question Of getting
tHS pest iutn TO announce their cAu-
didacy, Nj. Morris cmpAatlcaliy stated
mat ne Woull oppose any attempt 10
nave the Chamber OF Commerce. the
Business Mems Club OF Kindred or
SSni1dtions nominate ticket tor the
board, giving as his objection. his be-
iIei that these bodies should not step
aside from tn.ir rrimar$ aims TO be-
come political organize tons. lie stood
snonsor for the assertion that the city
en.I!oycs could, with their 5000 .ii
mated votes, nominate, support and
elect an Administrative Board winch
would DC completely dominated by
Inc employes-tnat is, unless more
than 10000 OF the $1,000 eligible
voters oil Hiohmond qualify for the
November election.
Alr. Morris's explanation of the
changes worked in the city govern
ment neld the attention OF the insti-
tute unwaveringly, and q number OF
questions were asked him when he
concluded his illuminating address.
Wrong System Heretofore.
on. IN r me past; sala Mr. Norris, the
Constitution OF Virginia, in that it
was both legislative and executive,
the Council cndcting laws and it's COM
mittees executing them. Under the
Council Will iegislate and the Adj
minstrative Board viii have full
charge of the executive end. AS a
safeguard against the possible MISUSE.
MIR. Morris explained the clause which
provides that whenever any member
OF the board shall enter. or allow his
name to be entered, as u candidate tor
any other public office. he must i'm
mediateiy resign. ii his resignation
is not Forthcoming within ten days,
the board must declare his position
vacant This puts the office OF adj
mtntstrator beyond possibility of vote.
swinging by political patronage.
Immediately after Mr.. Morriss APP
of Richmond over the age of twenty
one, Charles Il. Waltord, Jr., secretary
of the Business Mems Club, explained
to the institute exactly the process of
leSlSlF0llon. L OF matter OF CURIOSITY,
all members of the institute who were
q allied voters We're asked to stand.
More than half of them rose.
The technical subject of the inst.
address OF c. C. Barksdale, State Bank
Examiner, who spoke on Necessary
Bank Legislation" After outlining
fully the amendments TO the Virginia
has asked OF the present Legislature,
MIR 'arksdale centred his plea on
~ specially desired reforms. First,
Il, rep,-l of the section that requires
the g: tie Corporation Commission 10
serve reasonable notice in advance or
the board of directors Of n bank which
solvent. Under the present law. said
Dir. Barltsdale. the commission IS
powcrless to warn prospective de-
positors. for several days at least that
the bank In which they are about to
deposit Is insolVent.
Second. statute requiring State
banks to keep on hand certain re-
serve. Third, legislation to restrict
loans TO one party TO % per cent. OF
the capital stock Of the bank,
Secretary Nngcl to SpealS.
After announcing that the annual
banquet of the institute would be
the chairman OF the banque commit
tee gave out the name of Chas. Nascl.
Secretary of Commerce and Labor. as
the principal speaker of the annual
feast, Another speaker will be Ray
mond E. Cox, president of the National
Bank'n Institute. and connected with
the Fourth National Bank OF New
York City. James G. Cannon, presi-
dent OF the Fourth National Bank of
New York. declined an Invitation to
address the local institute because of
recent illness.
II plans proposed last night are
carried out The banks OF Richmond
will compete some time during the
String IN an indoor track meet. Both
the Y. NJ. c. a. gymnasium and the
Blues Armory We're mentioned as
places for the meet.