The Anderson daily intelligencer. [volume] (Anderson, S.C.) 1914-1915, 1914-05-07

requi:ed sum OF money equivalent To
the value OF the cotton at low rate.
OF interest, some tines rs low rs two.
and thfee- fodrths per cent. This iss
upon the basis. OF strong credit as
sisting weak credit
The speaker said that he consid-
cred the scheme to be a gerat one and
that its originator, j.. b.. Duke, was
a great man for having thought OF.
the happy idea and bringing It 10 this
country. He said that Mr.. Duke ib the
greatest merchant that America has
produced In a generation.
Rir. Parker said that he believed
the Duke plan would prove 10 be q
magnificent relief. TO the industrial.
houses of the South aud pointed out
that. when the new plaE went, into,
execution the manufacturing plants of
the South would be able to- keep their
money in their own local banks.
/ A member OF visiting bankers were
invited to address the meeting, among
these being ID. al Augustine OF Rich
mond; A. X. Parker OF Richmond; Mr..
Terrell of Richmond and Thomas Hit
Iof Baltimore. Each Of these gentle
men made comments on the growth OF
the Piedmont section of South Caro-
lima and Ms. Hit made q number Of
plimentary. references to Ander-
sons growth since his last visit
II. III. Watkins urged the bankers
to all give close study to the newI"Ne-
gotiable instruments Law now in ef-.
feet in this State, and told his hear
ers that this law was of great import
anee.
Ivy Mauldin, State Bank Examiner,
assured the group that he was happy
over being present and said that no set
!cf bankers in the State could surpass
those of group 1 for real ability and
efficiency -
Thomas Davis OF the Peoples Bank
Of GfeenYille presented a petition urg-
Ing that J.. w Norwood, president OF
the Norwood National Bank OF Green
vile be appointed as director In the
Glass a. Federal Reserve Bank OF
Richmond and the resolution as fol-
lowed was unanimously adopted:
The Federal Reserve Bank of Rich
mond viii serve the States of North
end South Carolina, and will be cali
ed on from time to time to discount
paper originating IN these two stated
Manifestlyi 1t would be to the adyRnS
tage of the district for the Reserve
ciaI paper to give preference to such
paper originating in its own district.
We Therefore believe that one Of the
directors elected to serve slloiiId he
! familiar wipn eonditfon5 and credits In
the lower section of the district.
Considering his many fine duali-
ties as a man, his clear Judgment and
large experience in business ana n
fnancial matters, it is the opinion OF
, this meeting that no man Is more ably
ntIed 10 serve as a dIrecIor IN Glass
) A of the Federal Eeserve Bank OF
|. Richmond than Mr.. j w. Norwood,
President OF the Norwood National
Bank Greenyille, $. C. There Is prob
ably no banker In North 6f South
Carolina whose knowledge of bnsiness
conditions, Judgment as to the vafss
of every type Of collateFsI and wide
business acqhair tancs, better ats him
to repEes ent the interests or the men,
Der banks
lieyinsi That Norwood is we'll
qllali led TO serve as q dtgectof. IA this
! asIicnal y l5El ~ ~ sIalbers of
sts5H Nossl q uE s. endorse
thin as q member in esasB IA of the
board OF Directors OF the E1edaraI RE-
serse Bank of Richmond, and We iirgs
all rnCnfper banks to INSTRUCT their ell
EsotcEs To Vote for him in this eonnee-
/ ton z. 8
In addition TO tli5, On motion of Col.
Watkins, a coinEnittee CONSISTING 81
Chairmea A.ssiiiis; III Is; =. 81 laosSett ailSi g.
=. Wakefield was appointed 10 use
| personal efforts IN having MI. SoE+
90;
Il "A number OF annoutceIneilts were
made by Mayor III leman, following
which an adjournment took place az
8 80 o'clock Numerous automobiles
had been Furnished by the people of
anderson and the visitors were car
rledk en- d tour OF tina oitys All tho
Points cf interested in and around An
Z sIsrson were pointed out and for an
( hoifr the bankers had d de htfll time
BANG JET TO co & !. Is -. 4. !.
lie buffet supper at Maple nall last
night was one az tii . most en- able
affairs OF its kind ever held Ia An.
/ ti1Facn- Plates had been d,roy i Sd
| for 100 and every chair wEs d lied
nctwi itllstundine be fact that d ftfg
q thu visiting bafls ilEd alsesdy
Ice g. Hoiseman sided 81 hiE
/ fnsual happy manner and m egsfs
one qG the tsit0l eeei tlEOr9tig ily la
/ home n be tira Few min
lIe supper wga served by AiiSlFsS
\ King atssl MI King acQ tted himself
ia fine style, Numb Ter or the Wis tori
/ said that they had never enjoy 1
supper Of this KIND IL ore than tlley tIs
/ ziSu 0tt5z5 s6if n < its 4
number oS eat terapoFan eoHe adj
| dresses were heard di1slIl tbs even
fffos etTtf,,1s q 4 ~ = :. ls
luf Phjladeiph g. ". seSlof 81 Cliaf-