Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1915-06-18
BANKERS CAN
TRUST wilson
Have Unshaken Faith in his
Ability to Guide Ship
of State
JUST TRIBUTE TO HIM
State Association Gather at Old
Point For The Purpose of Holding
Their Annual Convention.

Richmond, June 1S-The romina
tion committee of the Virginia bank.
ers' association in session at Ole
Point today reported as follows:
President, E. Tiffany, Warrenton,
Vice president, E. B. Spencer, Roa,
noke.
Treasurer, Col. William Hill
Richmond.
Secretary, Walker Scott, Farm
vile.
Members Executive Committee: ].
B. Neil, Berryville.
T. f. King, Marion.
T. Roby, Fairfax.
C. Taylor Burke, Alexandria.
Garland De Vaughn, Lynchhurg.
B. B. Jones, Petersburg
R. S. Marshall, Portsmouth.
James I. Pritchett, Danville
\ Carroll Pierce, Alexandria,
Old Point Comfort. Va, June IS
The grave crisis through which this
country is now passing and the dis
aster that might be visited upon
business in general, and banking in
particular, by unwise or precipitous
action in Washington, was given seri-
Gus emphasis yesterday in the an
nual address of President w. B. Yes!
to the Virginia Bankers Association
assembled here in twenty-second an
nual convention.
"Little did we think wnen we met
last ynn,. on this delightful SPOT"
said President West. "that before We
met again practically the whole world
would be at war, and we ourselves
trembling on the brink
"The situation today" said the
speaker. ''is disquieting. o one knows
the limits that may be reached OF
may foretell its results" Mr.. Wes!
recalled the chaotic conditions that
followed. declaration of war last Au-
gust. and the masterful manner in
which the whole business and bank.
ing world in this country met the
situation.
"Today the situation is uncertain
continued the speaker. "It is a time
for calm and serious contemplation
But we have man at the head oI
this government whose patriotism is
above question, who has put behind
him all personal considerations, AM
is painstakingly and conscicntiously
irving to solve Alright the problems
confronting the nation. and daily We
have evidence of his leadership, his
far-sightedness and genius for gov.
ernment. We can trust him not &C
hnmiliate this nation. or needlessly &c
embroil us in the cataclysm now
going on in Europe"
The reference to President Wilson
threw the convention into an uproar
and the applause, was long and gen
erous. It was clear that the bankers
of Virginia were nossessed of an nm
shaken faith in the ability Of their
own native son to steer the ship OF
state safely through even the pre-
sent choppv international waters.
President West drew attention tn
financial emancipation brought about
bv the establishment Of the Federal
reserve system last November. While
the system. he thought. was funda'
mentally safe and sound and may he
counted upon to eliminate the perlo
dical recurrence of panics and pro
! vide an elastic auxiliary currency r.
meet increased seasonal demands. i
might we'll he amended so rs to in
crease its usefulness. particularly L
State institutions.
Between 2G0 and 90 delegates an'
visitors we're assembled in the ball
room of the Chamberlin Hotel whe'
the convention .opened. A considera
blv larger crowd was on hand TO
the afternoon session. After ad
iournment for the afternoon. Their
was special concert by the Marin
Rand In the evening there was
moonlight sail to the Virginia capes