The Richmond Virginian. (Richmond, Va.) 1910-1920, 1914-05-19

banks in the two classes Of directors
The six. men finally selected from
THE thirty-six as nominees for the d.
rectorshlp of tho reserve bank. wers
unanimously approved by che confer
,encc They are'
Glass A--Consistine Of three mem
bers. 10 he chose,, by and be rep
rescutaiive OF the member hsnks'
Group /, Waldo Newcomer, president
nt tho National Exchange bank of
baltimore, group 2. Colonel John r.
Rruton. president of the First National
bank. Of Wilson. ". c.: group g. Ed
ward Mann. president OF the flrs Ma
tionnl bank. OF Buleaeld. w. Va
! Class B-Ccnsisting of three mem
hers who at the time OF election are
actively engaged in their district in
commerce, agriculture or some other
: industrial pursuit Group ], George
j. Seay. Richmond. group :, ID. X.
Coker. Hartsvile, S, C; group j.
James F. oyster merchant. Washing
ton, y. c.
Group | consists Of $50 banks. each
having aggregate capital and surplus
Of $4,000 or more, group :, OF leo
banks each having aggregate capital
and surplus Of $50. 600 to $4,000:
land group g. Of 1853 banks. each hav-
ing aggregate capital and surplus %
: $50. 00e or less,
The nominations made yesterday
afternoon. after the program eofh-
rHtee had narrowed the names pro-
posed down from thirty-siN 10 SIN, give
each State or division one representa-
1--WE. who will probably be elected TO
the board of directors OF the reserve
hank nj Richmond.
/ The adoption by the conference OF
the final report of the committee does
NOT necessarily mean the election OF
these men as directors, but 1T carries
the strong endorsement OF the mem :
! Der banks present There are 40
! nts ty4ber banks, which between this
npd Friday will have meetings OF
+ their own boards Of directors fof the
l,-,,,-t,t,.-4- choosing electors who
voting In behalf of their respective
p hanks Will name the six directors. The
unanimous adoption of the report yes
/ tordav afternoon means that the zlo
hanks represented at the conference
nearly half Of the whole number in
tht Fifth district. will vote for the
nominees Of the conference.
The personnel Of the program com
mntee was:
Marylnnd-Wi William Ingle, vice
president Mechants Merchants Ma
tIonai bank, Of baltimore; Albert d.
Graham. vice-president Citizens Ma
tlonal bank, Baltimore; Howard HARD
/ ing. cahier Patapsco National BANK
Elliott City, Md.
South Carolina w, Simpson,
yice-president Central National pank
} Charleston. s. C.; w. a. Clark, presi-
dent Carolina National bank, Golun-
hia. S. G: r. 6 Rhett, president
/ PEOPLES National bank, Charleston
West virginia q. McCorkle,
1 r,esfafat Citizens National bank.
charleston; James X. Ouey, vice
president Huntington National bank
Huntington. l. A Hooper. cashier
FIRST National bank, Blueheid w.
Va
/ North Carolna~-J Elwood Cox,
president Commercial National bank
ii tlien Point; Joseph G Brown,
nre-tdent Citizens National bank of
NaIetsh. y. G. II. NJ. Victor, thar
lotto \ G.
District Of Cciumbia--H. II Nc
Kee. vice president Capital National
hank; W. r Galliher president
Alaerican National bank; George w
White. pr, sident Metropolitan Ma
,ional bank.
Vlfc "A a~-CHver ] Sands. president
American National bank Richmond
{ L
.hA4ts' National bank Richmond F
r. spencer. cashier National Exchange
bank. itoan'ke
The WORK of the credentials com
mhtee ~as less arduous II ITS SEES
sion. " inch followed Immediately the
adsuurHmcn. of the preliminary
organization session Of the inference
during which Milton &. Elliott. secre-
tnrv OF the organization committee ol
n OH nt aA 8
Hardy. of Norfolk, chairman. and
Joseph b Ramsey, Of Rocky Mount
n G.. secretary;
The committee reported a resosu-
ton that the officers and directors
If the member banks present, and the
employees OF the member banks pre-
sent, when specifically authorized II
represent their institutions, shall be
considered duly accredited delegates
to this convention; each bank being
entitled to one representative, and
there shall be no representation other
than az above stated The report
was adopted.
The credentials committee was
made w as follows:
Virginia Caldwell Hardy president
Norfolk National bank, Norfolk, Va
West Virginia.. y. tarnes. cash
Ter Citizens National bank. Charles
ton W a.
South Carolina e II. PriRRie, Jrs
vice president Bank Of Charleston
Charleston s. G.
District OF Columbia--M f.. Allies
vice president RIGGS National bank
Washington, u. G.
MarYland--Char,es c. Horner, Jr.
vice president Second National nank
PaHlmNrc. Nd.
North Carolina oseph Il, Ram
sew president First National bank
hocky Mount, n. G.
Both committees made their re-
ports at the afternoon session, and the
final report of the program commit
tee, after the nominations had been
narloued to six. did not come until
pea-!y + O'clock, when the session wa
ad .nulned The body came together
again st the banquet, which was llii
in the auditorium at o'clock.
During the morning session of the
conference after the committees had
heon ra3ued and had gone into SEES.
sion as committees Secretary Milton
20 Elicit, of the federal reserve
organization committee. spoke for
about forty minutes. He reviewed :ht
work already done by the orga niza
ton committee ut Washington and
told Of the work being done Ill the