The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-06-14
LEADERSHIP STILL
REMAINS ND0UbT
w. B. Vest or Joseph Hurt to Be
Next President of Bankers
Association.
CONVENTION PLANS READY
Senator Owen to Explain Intent
OF Proposed Currency Reform
Bill Now Before Congress.

From present Indications there is
to be 4 warm but mono the less friendly
fight between the hackers OF Joseph
NJ. Hurt, Of Blackstone, and W. Is.
i Vest of Newport News, when the Vir-
gnia Bankers Association assemblies
In Its twentieth annual convention 1T
Old Point Comfort. June IS. 20, 81, and
the time arrives for the election Of
successor to Thomas b. McAdams. of
Richmond. as president of the associa-
ton. These two bankers. both men,
bcrs of the executive committee and
schooled BY years of experience In the
inner shrine Of the association, are
being advanced as the likclieSt candi-
dates for the highest honor In the gift
of Virginia bankers.
long standing custom prevents the
reelection OF Mr.. McAdams as prcsi-
dent. His selection to head the asso-
citation at the last convention was made
under unusual circumstances no OPP
position developing from any source.
At the 1911 convention no had been
defeated for the presidency by single
vote. and In recognition of his brave
race. no nominations were made in op-
position to his name at the convention
| last summer.
w. -. Vest, cashier of the Citizcns
and Marine Bank. of Newport News. is
ono of the vice-presidents of the as
sociation and chairman OF the exccu-
i
toned as n possible successor to Mr.
McAdams. Joseph NJ. Hurt, Is cashier
| of the Citizens Bank. OF Blackstone.
and also member CT the executive
committee. The fight between these
two is expected TO furnish touch Of
good ma tured spice for the convention
Senator Owen on Currency.
From the standpoint both of tech
meal and public interest, the feature OF
the coming gathering of Virginia bank
crs will be the address by Senator
Robert l.. Owen. chairman of the SEN
ate Currency and Banking Committee.
on the proposed scheme OF currency
reform now before Congress. His sub
(! ject is Improvement OF the Banking
and Currency System" This speech
will be of particular interest. In that
II will be practically the first public
character OF the currency reform
planned by President Wilson. Congress
man Glass and himself. Senator owen
| is scheduled to speak at the morning
session on the first day.
Rivaling Senator Owens speech in
interest to the bankers Will be the re-
I port of the taxation committee. headed
by Oliver j. Sands. chairman. Since
tho last meeting of the association this
/ committee has been working assid :
uously on scheme OF banking and
! securities taxation which Will DO Of
lcTeu 10 the convention Tor adoption
and afterward be urged for passage
at the next session Of the General AS
sembly. together with other tax reform
measures The recommendations Of
this committee. with the backing OF
! Virginia bankers. will have great
( weight with the Legislature.
wordy controversy Is expected
upon the presentation of tho report
\ OF tho committee, which has been la :
F., boring on Il revision of the constitution
of the Virginia Eankers' Association
since the convention last June. This
report will be read by Tench F. Thigh
man. OF Norfolk. chairman. Discus
sion of every pror osed amendment and
alteration of the present constitution
I is taken for granted by those expert
! enced In the habi.s of the association
The special steamer excursion TO
Washington Friday night, allowing the
delegates Saturday in the capital has
been arranged as an attractive fea-
ture of the convention.