The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-10-14
.HAMuN W|LL ADDRESS
BANKERS CONVENTION
Governor OF Federal Reserve Board
is on Program for
To-Day.
CONGRESSMAN GLASS TO SPEAK
Oliver j. Sands Elected President of
Newly Formed Credit Mems Sec
ton, Subsidiary Organization Of
Bankers Association.
CONGRESSMAN GLASS no SPEAK

\ AsAAhShc< EA5oOtlniAOus
/! With addresses by Charles S. Hamlin,
governor OF the Federal reserve board;
Congressman Carter Glass. OF Virginia,
and former Congressman Martin w.
Littleton. of New York. to-day, the for
iethiannual convention of the Ameri-
can Bank era Association will reach its
\ climax, Mr.tLlttleton'sa address is sched-
uled for II O'CLOCK noon In the audi
toriuni OF tho Jefferson Hotel. Mr..
Hamiin VIII speak' at 2fo.clock in the
! afternoon and s%ili be followed by Mr..
! Glass. Scst -
\ While twoydays hayo+been d eyoted to
I committee mfstingstandsse of the
savings bank. trust. company. clezf.
| house. and state secretarIes' sections.
the general agsocis on will convene to-
!; day for the first session OF the Rich
IH,ond meeting. Tie convention proper
j Will be called to order at $3.50 O'clock
this morning lbs, Arthur Reynolds OF
! ilest Aoines. president Of the American
I lssI k;rs. :; tlog.
4 ftss17S sTsS tQsr-yEELCu19EyT-. Z. - .
/ BY GOyEnNOHSANDA MAYOR
b The inToca tfon Will be delivered by
isRt Rev Collins, Denny. Bishop OF the
] Methodist Episcopal Church. South.
here VIII be addresses sof welcome by
Governor stuart. on behalf of the State
- - ~ bS --NldyOTs alIlSlle.s on be-
half Of the city of Richmond, and by
Colonel John B. Purcell, president of
Tho Richmond Clearing House Associa-
ton. for the local banking colony.
Besides the important addresses
noted. the feature of the day will be the
annual address of President Reynolds.
reviewing banking conditions In the
country ut large and discussing the big
questions With Which bankers are con-
oerned 7to-day the country&oyer. The
iiresident'sI address will be followed by
the annual5reports OF the major officers.
AZ convention .;headquarters last
| night great Importance was s,attached to
the prospective appearance oftAIr. Ham
lin. governor of the Federal Reserve
| i5oard, and his message is awaited with
| interest; Natural concern over the ef-
recti Of the new banking system upon
estsnltshed business, and a general
desire sraiihe better Informed with re-
gard too the llessupplementaryI IruIes and
regulat ona that the Federal;aReserve
Board VIII lay d Bn for the govern.
ment OF the banks. have combined to
centre interest ins MI. 'Jamlins, ad-
dress, ~-T tsl,. -. y. y z 80, -.
LOOK FORWARD TO. SPEECH
OFstCONGRESsMAN.G GLASS
The address of. Congressman Glass,
who is known to hold. decided views
about the Federal Reserve system, 1t
| is expected, will prove. not the less in
.eresling. an, The CONGRESSMAN will
Mr., Littleton's subject is .:rhe VIII oil
the People" The New Yorker is .lsncwn
ms n. forceful speaker So
Yesterday was devoted, wholly to
sessions of the savings bank, trust
company .clear-house,, and State sec
retaries' sections. The discussions de-
veioped well-defned views on the Fed
era. reserve system, particularly as 1t
eHects banks and trust companies or
ganized under State charters and not
now members Of the system The sew
eral era sections elected new officers for
the ensuing year, 80 ~. -
The day saw the launching of n new.
subsidiary organization, of the Amer
lean Bankers Association which will
be known assthe. Credit MEMS AssocIa-
tion. The essuborganizatfon was formed
at meeting of credit men attending
the convention as delegates. held In the
assem bly,. room ofrthe Cham Der of Com
tnerte. Tie scerditimen of about 900
banks. 1t WAS stated, e have indicated
their intention to affiliate with the new
body. AZ ,-1si.. Z; Z. ~ =
CREDIT MEN CHOOSE
SANDS AS PRESIDENT
The Credit Mems Association elected
the following officers: Oliver j, Sands.
Richmond,r PRESIDENT; %. SF.Kennard,
lRumford, Me-, vice pre- esident . OK ecutiye
council, O.; q. Doty. Springfield, Mass;
Gnarles & E.3 Meek New York.: j. H
L'uiiener. Milwaukee; George u. Tick
La Crosse WIS The, election of a
secretary was! deferred!
Hundreds OF. celebrates: d yesterday. took
advantage Of. the special I. street car
trips to large Richmond industries.
The automobile. tours between 10
o'clock in the morning and 2 O'clock
in the afternoon carried large num-
Der of delegates to points Of Interest
In the city. Among the othes diver
sionsi of the day was the bankers golf
Tournaments at thess Country Club OF
Virginia - ,,s5'l Z z, ~, &, s ~.
The. most imposing entertainment
function Of the convention was the re-
ception and ball at the, First Regi-
ment tArmory to ,thn delegates, visitors
and invited guests from the city. It
is estimated that between 1000 and
Continued on Eighth Page.)
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