The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-05-06
PICTURES SOUTH
AS NATIONS BANK
Almost Inexhaustible Resources
Await Development, Ed
munds Tells Bankers.
PAINTS INSPIRING PICTURE
Brilliant Addresses Delivered Be-
fore Richmond Chapter, Amer
lean Institute of Banking.

Richmond Chapter. american Insti-
tute OF Banking and It's invited guests
"a company 25O in number and merry
as bankers under thirty can be merry
gathered at the annual dinner Of the
F., organization at the Jefferson Hotel
last night 10 eat hearty and exchange
1csts and Incidentally. to give ear to
two speakers hailing from cities
which. since the announcement of the
Federal reserve districts. have ap-
peared frequently I'm Richmonds com
pany.
Richard II. Edmunds. OF baltimore,
which did not get reserve bank,
brouhgt to tho gathering an inspiring
picture of the South, with its prac-
ticaily untouched resources and Its
open road 10 wealth and independence.
Mr.. Edmunds is editor and general
manager of the manufacturers Record,
and spoke with tho breadth OF view
and with the sound respect for sta
tistics that waB to have been expect
ed In tho publisher OF the South's
foremost commercial journal
CATTELL EXPRESSES
CONFIDENCE IN RICHMOND
Edward James Cattell, statistician of
the city of Philadelphia. which did get
reserve bank. brought the congratu-
latlons of the Quaker City on Rich
fnonds achievement and conveyed
Philadelphia's expression OF confidence
10 her new dignity as centre OF
finance.
philadelphia. he said. has not the
slightest doubt tina; Richmond Will be
able to furnish the banking service
that the organization committee cX-
pected OF It when II designated 1t one
OF the twelve reserve centres
Congress.nan Andrew Jackson Mon
taguc. who had been expected 10 make
an address. had been called to Wash
ts.y fEV iV - u
get back in time to attend the dinner
Toastinastcr Thomas Il. McAdams
expressed Mr.. Montagues regrets at
his inability 10 be present and trans
mitted his good wishes.
The speaking began at $50 with
the cigars. Between the grapefruit
and the denitasse-a period OF two
hours by the City Hall clock-the com
rany made merry. An orchestra be-
hind bank OF palms on the stage
OF the auditorium dispensed popular
airs and quartet from the Lyric tried
hard 10 answer the frantic demand
for encores.
MESSAGE OF FRIENDSHIP
SENT TO BALTIMORE
Toastmas;er McAdams seized an ap-
propriate opportunity between ac-
knowlcdging the address OF Mr. Ed
munds and Introducing Mr.. Cottrcli
to pour a little oil on the choppy iinan-
cial sea produced in the last few
weeks by Intermittent gales from Bal
timorc.
Il hope you will take back to Bal
timore for us message OF good Will
and friendship" said Mr. McAda,ny.
turning TO Mr.. Edmunds 1T was
natural that Baltimore should feel dis
appointed IN not securing one OF the
reserve banks--wc would have felt
that way ourselves, She has said some
hard things about us. but wc don't
icol hurt about II.
When you go back to Baltimore
Tell your bankers and business n1n,
that we in Richmond have the kindiics,
feelings for her. we desire rather 10
be her sister city than her. rival. we
ana M GO, co operation. and We hope that
ahe Will like us better after she learns
really TO know us
Mr.. McAdams recommended the spirit
OF loyalty voiced recently by senator
Root OF New York, as the PATRIOTS at
ti,ude that should be adopted when men
or cities differ az TO opinions or meas
urcs. Mr.. Root said that while he diff
fSred from President Wilson in many
from him many times in the future
President Wilson was his President
the head and leader OF his ma tion. and
estiy and integrity. Relieving this
said Senator Root. he would always up
hold him.
BANK MEN CHEER TO ECHO
NAME OF WOODROW WILSON
Il propose "A toast 10 Woodrow vii
d.
states, said Toastmaster McAdams,
lifting high his glass OF water
gihc merryInakcrs rose silently AS one
man and held their glasses aloft while
the band played softly the opening.
strains uf the Star Spangled BANNER;
\ moment later the auditorium echoed
to continued cheers
Song sheets carrying the choruses OF
popular melodies lay at every plate en-
couraging the diners TO Join in a vocal
nccompa niment to the orchestral. The
midnight choo-choo left again and
again for .,labam'S and Peg o. Nv
Heart. sweeter than the rose OF Erin.
with her winning smiles endearin' be-
guiled the hearts of the junior bank
clerks. When they got TO '.All aboard
all be Sore" in the chorus of Sailing
Down the Chesapeake Bay" a local wit
At one Of the tables said "Aw, what's
the use, they're sore anyway" and
jabbed his fork viciously into the
pomme parislenne.
In the absence of President George
H. keesee. Of the Richmond Chapter
Vice president Warren NJ. Goddard
presided. He made short speech out
lining a few of the chapters plans
FOR, the coming year, and presented
1oastmaster Thomas Il. A1cAdams
Among the invited guests seated at
tho speakers table was Joseph NJ
Hurt. of Blackstone. president OF the
Virginia Bankers Association.
PICTURES SOUTH AS
WORLDS GREATEST BANK
MI. tuinoHuS spoke iOr an hour on
tho subject, The South. the Worlds
Greatest Bank" The South's resources
embraced in It's vast deposits of coal,
iron phosphate, sulphur and other
minerals, and in Its great cotton crop.
he said was bank, with larger
capital and larger surplus than any
bank over created by man.
The speaker went at length into tho
commercial possibilities OF the South's
waterpower and Its vast coal acreage.
"The world" he said, 'is growing
hungry for coal. Europe. even before
1t put n pick into the ground. and
much of Its coal has been mined had
less than half as large a coal area rs
the Southern States possess. If we ex-
clude Russia, which has nearly two