The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-12-07
stage of characterization now re-
qnired by modern conditions.
Governor Neal ffaCtical.

stage Oh 1nuustFiatlHhiiun HOW ~
quired by modern conditions.
Governor U'Neai PRACTICAL.
Governor Emmett O'Neal, of Ala
hama, preceded Ambassador Herrick
with a valuable contribution to the
subject of rural credits. and his ad.
dress gave evidence that he had given
the subject careful study. That q
cooperative banking system for the
benefit of the farmer, such as has been
in successful operation in continental
Europe for many years, would prove
a panacea for most OF the Ills to which |
this country is heir. was Governor
q Neafs frank opinion, and he briefly
outlined suggestions for the establish
mcnt of such system. He stated
that the success of the movement de-
pended largely upon the action OF tn"
governors. and no force could be 50
potent in securing its perallon and
success as the aid and influence OF
the executives OF the States.
The fundamental principle OF the
rural banks. to meet the needs OF the
farmer, he thought Ia that they must
be conducted not for profit, to earn
dividends for shareholders, but sole
~ j.. the interest of the borrower ana
tho - h he had not heard Ambassador
! Herrlck views at that time, many OF
Governor o'Neals important suEges
dor report of the foreign system, es~
pecially in the IDEAS of cooperative
societies or banks and amortization.
Governor pNeal was heard with
marked attention and interest and he
was widely congratulated by his fell
( low governors upon the excellence
I of his paper.
!, Governor Mann's Resolution.
The rural credit system was dis
! ut. u. al M,
| dor Herrick had finished the reading
| Of his paper, the ambassador joining
| In the discussion and giving the exc
| cutives the benefit of hts counsel. To
| bring the matter into concrete shape
! Governor Mann, offered the follow
! ing resolution,
! Resolved, That Il committee Of Ave
members of this conference be APP
/ pointed by the conference to prepare
! a bill to he submitted after its ap-
proyal by two-thirds of the governors
/ to the leg lslatureA Of the several
States by the governors thereof TO pro-
/ vide for the establishment Of rTa
I credit banks, with provisions sulIi-
cientIy elastic to meet the conditions
/ Of every section and to meet The needs
/ Of all people of the United States en-
gagged in agriculture.
Governor Blease opposed the reso-
luton, moving that action by the con-
ference be postponed until the exc
cutives had conferred with President
Taft Saturday, and heard his views.
Governor MeGoyern wanted TO
! broaden the work of the committee
into framing plan that would treat
the whole subject of agricultural CO.
operation in every aspect.
Governor O'Neai offered n slight
amendment to the wording of the res
.,It v.+%f Mp(snV-
ems views, and the resolution was
adopted. Governor Blease, with the
statement that it's adoption IVES a dis
courtesy 10 the president. asking that
->.l4iqs vote, fegatrSt it riTes~ recorded.
Governor Wesley. Who acted as
chairman. reminded Governor Blease
that a legal representative of the
president was present and had already
presented Mr. Taft's views.
+ Governor f4tease remarked t1at+ I
know it, / heard him with great pleas
ure. but he's not the president"
The Am bA ssador only smiled.
Governor HadIey ConSratuiatory.
Prior TO the Introduction OF the first
speaker at the session yesterday morn
Ing, Governor Hadley. of Missouri.
arose and paying tribute to the Amer
lean people for their fine Intelligence
in choosing their chief national OF
nthTS from tuB TON u sNAJte ENN1t tt'N -
offered this resolution, which was
unanimously adopted;
Whereas. Hon. Woodrow Wilson,
governor of New Jersey. and Hon
Thomas r. Marshall. governor Of In
dinana. have been elected, respective
; ", TO the high offices Of president
and vice president Of the United
States:
, "Therefore. be 1t resolved by the
members Of the conference Of govern
ors that We extent to Governors VIII
, SON and Marshall congratulations or
their election to these high offices anc
= express the hope that they VIII enjoy
, a happy and successful administration
, which will contribute to the welfare
r and prosperity Of the people of the
/, United States"
on motion Of Governor Morris, o.
Montana. the secretary was instructed
: to communicate the action Of the con
. ference to Mr.. Wilson and Mr., Mar
shall.