Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-06-18
VIRGINIA BANKERS
CAN TRUST VII som

continued From First Page)
State banks as against $500 national
hanks. and this diSproportion has been
brought about largely within the pas,
hfteen years-principally on account OF
dissatisfaction with the old national
banking laws. The State banks are
going to he very slow in going into
the new system until the law is so
amended as to make IT more certainly
helpful to them.
NOT IN CLASSIFICATION
OF THE RESERVE ACT
/ THE average country bank, as a rule.
has very little paper that comes within
the classification of the reserve act,
and most of the paper, while safa and
secure, could not be realized upon in
thirty, sixty or ninety days. They have
10 take care of customers who, while
entirely solvent and safe, need funds
continuously. In many instances tho
banks loans amount to a capitalization
of their customers business In addi
ton TO this they would probably be
subject TO double examination. CON
fiicting laws and a curtailment of
privileges enjoyed under State laws"
| RENEHS ANNUAL ENTREATY
-
President Vest renewed again the
associations annual protest against the
failure of the General Assembly to
legaiiZe the Torrens system of land
registration.
Il had hopes" said Mr.. Vest. that
tho strong recommendation in the adj
dress or president Hurt last year would
bring results IN the appointment of
committee whose duty it should be
! to father this system. and actively
work for the adoption Of II in the whole
State.
Some members Of the last Legisla
ture old. in half-hearted way, try to
have the law passed affecting just a
few counties, but some interests owl
IDENTIFY interfered with even this bill
and | strongly recommend that this
association appoint a special commit
| tee whose duty it shall NC to work
for the adoption of the Torrans sys-
| tom of land registration in this State 81
| The Relation of Bankers and Other
Business Interests to the Farmer" was
the subject of an address delivered al
| the afternoon session by Dir. Bradford
| Knapp. OF the Farmers Co-Operatiye
Demonstration Division. United States
! Department Of Agriculture, Washing
| ton
! The address was on the program for
| the morning session Tomorrow. hu,
! important business engagements tia,
compelled DIR. Knapp's presence in
Washington that day lead the program
committee to advance the speech tc
| this afternoons meeting.
EMPHASIZES IMPORTANCE
| L A II
Dr.. knapp emphasized the import.
ance of the business side of farming
and declared that the bank and othe,
business interests owe to the farmdI
their recognition Of the Importance O,
his position. lie said that the bes,
! agriculture was the most prosperous
agriculture a prosperous agriculture
must be profitable to the man who till,
| the soil The greatest asset which the
average town can have is to he sur.
rounded by a large body of indepon.
| dent, progressive and successful farm
ers Any economic system. he said
which transfers the profit there SHOULD
be in farming to some one else Is a baf
| system.
The speaker urged the importance OF
bankers understanding the business O,
! farming, ana a. SpGNldl plea Tor
more rational system OF making per.
sonal loans to farmers. He declared
that credit was at tho bottom of it all
He laid special stress upon rate shee
which he proposed for the use of hank
ers and merchants i'm extending crcdi
| to farmers. This rate sheet scheduled
more than the mere assets and nabili
ties Of the farmer. II scheduled hi.
nlon Of farming so that the ha -,
and the farmer might best plan hos,
the farmer might repay the debt Fl,
suggested that with such a rate shee
farmers could submit their plans t.
their county agricultural agent or t