Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1914-12-09
TIE BANQUET
LAST NIGHT.

,rhe pulse of the city-the busl-
ness men-with many of their friends
including Congressman Glass, Mon
tague and Carlin of the Virginia del
egation, participated in a banquet
last night at Westminster Building.
1t was the get-together event OF
Post F, Virginia Division of the
Travellers Protective Association,
and was a decided success in every
detail of its conception. The menu
was of a most inviting nature. 1t
was prepared and served by the
members of the Aid Society Of the
Second Presbyterian Church, and the
attention bestowed upon each guest
by the ladies was apparent, as IS
always the case when this organlza-
ton prepares *east.
The principal speeches were made
by Hon. Carter Glass. and Hon. A.
J. Montague, and they were listened
to with close attention. Mr.. Glass,
who is the chairman of the House
committee on banking and currency,
gave an exhaustive history of the
financial workings of the country
during the past half a century, IN
which he showed that for many
wears the bank deposits Of the coun-
try were really in charge of one man,
the Comptroller of Treasury, who
had the power to concentrate them
where he would-generally in New
York, Chicago, or st. Louisiana
that danger of this was apparent,
as panics followed from the fact
that the business and industrial por-
tioas of the country were at times
unable to secure the aid needed IN
carving on the affairs of the coun-
try He showed the practical work
:ngs of he present reserve system
and the regional banks, and made the
financial question of the country one
of interest to all his hearers, and not
problems which the rank and file are
generally unable to grasp. Mr.. Glass
told of the fight the administration
had to put up in order to thwart the
attempts of interested men and Sec
lions to continue the impractical and
illogical banking system of by-gone
years, and gave all ahe credit to
President Woodrow Wilson, whose
wisdom had conceived and brought
about present conditions under which
there need be no fears Of panics.
Under present laws the Comptroller
of the Currency has six associates,
and it is no longer in his power to
allow any one section of the country
to corner all the capital.
MIR. Montague, who has so often
enthused Alexandria audiences, in his
speech made many interesting sug-
gestions, especially in reference to
the plans for a more equitable taxa
tion in Virginia, According to his
convictions the segregation plan is
the most logical, and he gave his rea-
sons therefor Under it all would
be made to bear their share Of
the public burdens. Mr.. Montague'S
speech took wide range. He re-
ferred to his visits to Alexandria on
other occasions, showed the advisa-
bilitv of the people living closer to
each other, referring especially to
President Wilson's procedures in
reading his messages to representa-
tives of the people, and among other
things predicted that the time would
come when the heads of departments
would have seats in Congress where
they could make suggestions con-
corning what measures should be
adopted to perfect their respective
departments.
. The drafters of the constitution OF
the late Southern Confederacy reali-
zcd the Importance of this, as under
it the members of the cabinet had
seats upon the floor of Congress to
urge the needs of their departments.
Is.
Fl 3 ; $500 -. !. = ., =
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