The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-10-28
returning. PROSPERITY.
. .EXPECfED'|ANEAR. FUTURE /
Colonel Thomas B.. McAdanas De,
livers Address Before Rich
mond Rotary Club.
MUST INCREASE FREIGHT RATES
This and Extension Of Credit to
Those Affected by ovorsupply. of
Cotton Will Save Situation With
out Serious Loss to o,Any One.

Seeing in the near future return Of
tho prosperity which was existent be-
fore the European wnr. Colonel Thomas
B. McAdams. vice-president and cash
icr Of tho Merchants National Bank,
sounded note of optimism at, the meet
Ing Of the Richmond Rotary Club last
night. when he said he bflieN o. 49,.
gard to the present financial stress,
that the worst was over and that the
situation could be saved without serious
result to any one Ii the public would
try to lose Its sense of pessimism and
turn to boosting. He urged that credit
[ be extended to those Immediately af-
fected by the ,oyersupply OF the cotton
market. and that the public indorse a
reasonable increase In railroad freight
rates. The exchange problem, he
thought. would settle itself.
The meeting was largely attended by
representatives Of practically every
business interest In Richmond. and the
seed sof Colonel McAdam's optimism
found fertile ground for growth.
WOULD DEFER ACTION
ON TRACK REMOVAL
ordway RULER. of the Board of AL
fermen. the invited speaker of tho
evening, spoke of the Councils effort to
cause the Richmond, fredericksburg
and Potomac Railroad Company to re-
move its tracks from Belvidcre and
Broad streets. and advised that the
Council committee in whose hands the
proposed ordinance now lies. defer ac-
tion until the beginning OF the new
year. when the railroad company would
be In better position to proceed to-
wards the removal of the oh1ectiona ble
tracks. Rabbi z: y. e.alisch, of Beth
.AhRbah Synagogue. delivered an inspi- ;
rational talk ON service.
In n sort OF ihterlocutory talk. it was
Colonel McAdams who brought the club
to real sense of its importance and to
Its opportunity in helping this section
OF tho South. He said, In the beginning
that nc, part of the country had been so
much disturbed by the European con-
ihict as the South, whore 90 per cent Of
tho credit was based directly upon cot
ton and tobacco. Tobacco. he said, is
moving freely, and buying Is normal
but the cotton situation is still unset
tied. He said that further strain could
come only from contraction of credit
CANNOT. AFFORD TO
. REDUCE SOUTIIS CREDIT
Every time you break a customer"
ne said. 1T reduces Your ability to get
his business again. and you simply can
not afford to crush the South by re-
duclng Its credit. We are NOW getting
our exports, and the exchange problem
will work itself out Our main atten-
ton must be directed towards caring
for tho surplus cotton crop. for the
amount Of the usual crops has Been
cared for, Another thing we must do
is TO grant the railroads an increase in
freight rates. II we can give the roads
n reasonable increase, It will tend to
restore confidence, and We'll get pros
perlty going again Tho American peo-
ple ought TO demand atfreight Increase
o; the Interstate Commerce Commits
sion. But believe the worst is over,
snd It depends on us now to keep things
going In the: right direction" PIE