The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-06-14
BANKERS CONVENTION
TO MEET At OLD POINT
TNCnty-First Annual Meeting OF Vir.
GINA Association Opens
Thursday.
WILL DISCUSS NEW BANKING ACT
Interesting Program for Thrcc-Day
Session Has Been Outlined, and
Will Include Several Richmond
NCn as Speakers.

For the seventh time since its or
r2nization, twenty-onc years ago. the
Virginia Bankers Association will this
year hold It's annual convention ut Old
l'oint Comfort The convention Will
last three days. beginning at 10
o'clocii next Thursday morning, and
tho auditorium OF the famous Cham
berlin Hotel Will asnin 20 the thentre
OF its deliberations
An attractive program. which has
been mailed to every member of tho
association. indicates that thi three
day meeting VIII he crowded with
business OF tho first Importance t. Vir-
rinia bankers. hut gives assurance al
the same time thai there will be enough
Fortress Monroe genuine vacation
Secretary Walker Scott. of Farmvil!c
WHO is in charge OF the prcliminarles
is proceeding on the assumption that
next weeks convention will he the best
attended III the history of the organi-
.atlou.
Thu meeting this year VIII reflect
the huoynncy and confidence that was
onEcndered in Virginia banking circles
Ivy The selection of Richmond nv the
seat -: one of the twelve Federal re-
serve banks. Whom tho bankers met
n, old Point last June the Federal re-
s"rNe act was still IN the making and
the stirring defense OF the bin by SEN
ator owen OF oklahoma, was the cen
trail feature OF the 1913 meeting
WAS AMONG FIRST
no FAVOR CURRENCY REFORM
senator Owens address carried the
convention OF it's feet. and the body
with scarcely q dissenting vote went on
record as indorsinE the currency re-
form principles cnunciatcd by the
speaker. The Virginia Bankers AS
ISOLATION WAS among the first OF the
stale bodies thus TO lend its weight TO
NE currency reform movement
Tho convention this year will be held
~ limo when the administration is
giving critical thought To the make
UP OF the Federal Reserve Board which
viii administrate tho measure which
The body last year Endorsed. Several
OF u" speakers Will touch In their
addresses upon the new banking sys-
ten. IS ii Will affect this state. The
meeting viii afford the first oppor-
iuniiN for general expression of tho
states bankers on the possibilities ar
the new system.
leading the strong array OF sneak
c's who viii address the convention
y director George l.. Roberts. of IN.
United states Mint. Washington. Ills
SUBJECT VIII be international Move
'ncnts of Gold" Mr. Roberts will hc
ing session
WILL. ASSEMBLE on
THURSDAY MORNING
Inc convention will he called IN ar
ger at 10 o'clock Thursday morning Inv
lresident Joseph NJ Hurt. of Klocl,-
stone. ana Rev. William Il. nm. OF
INC West End Presbyterian Churc,,
-Ntianta VIII offer prayer. A commit.
'"" ola resolutions Will DO appointod
ana nc rest Of the morning session
WIZ be devoted TO tho reports of Tho
major officers and standing commit
tees.
Interest VIII centre chiefly I'm the re-
port or President Hurt. who viii deal
IN Il comprehensive way with tho
status of the banking business IN Vir
tinia and indicate the SHORTCOMINGS
'haV stand in need of correction. The
report of the TAXATION committee. oY
winch Oliver J. Sands. of Richmond. IS
chairman. VIII be of Immediate inter
'S' III r'ew OF the approaching spe
''"l StSN ~ of the Legislature TO re-
draft the s>Ntc's tax law
The Reports from the major officers
VIII 10" followed by the reports from
Inc tvr banking groups OF the or
fahization The chairmcu who viii
ieport are; Group l.. y. Woolford. SUI
folk; Group H., NJ q Field, Orange:
Group Ill, Wcstwood Hutchinson. Ma
hasSaS: Group ~. w. W. Wnddcu.