Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-06-20
BANKERS |NDORSE
FOREIGN POLICY
In Resolutions Commencing Ad-
ministration, Reference to
Bryan Is Eliminated.
NO MORE INToxIcANTs
Virginia Financiers Decide to
Make Their Future Ban
quets Dry.
NO MORE INTOxICANTs
Especial From stan Correspondent

Especial From STAFF Correspondent
OLD POINT COMFORT, June 19.-Ir
ringing resolution adopted by Il unani.
nous vote By the Virginia Bankers AS
sociation at the final session of its
twenty-sccond annual convention to-
gay tho body gave unqualified indorse-
ment 10 the administrations foreign
policy in tho following words:
Whereas. since the last meeting OF
this body. there has arisen, and is still
raging In Europe, n bitter war, in which
many great nations arc involved. and.
Whereas. this war has precipitated
crisis In the foreign relations Of this
country grave enough to merit the
thoughtful concern of every person and
organization in the United States:
resolved. That the Virginia Bankers
association, In twenty-second annual
convention assembled at Old Point Com
fort. does extend to President Woodrow
Wilson Its exression OF unshaken con-
fdence In the wisdom OF his foreign
policy and Its unqualified approval OF
the manner in which he has dealt. and
is now dealing. with the grave compli-
cations that have arisen"
REFERENCE TO BRYAN
is STRICKEN OUT
The resolution was offered by Joseph
NJ. Hurt cashier of the Citizens Bank
of Blackstone. n former president of the
association. In its original form, the
preamble OF the resolution contained
references to the resignation of the
Secretary of State which. while they
preserved the general import OF the
paper that was adopted. were stricken
out by the convention as a concession
TO strictly good taste.
The debate on the various suggested
amendments. at times spirited to a de-
gree, developed the general feeling OF
the members that public opinion in
Virginia. particularly among bankers,
supports the administrators foreign
policies and that this allegiance to the
Presidents program has not been abated
by the division In the Cabinet
In Its first draft the resolution also
assured the President that the resig-
nation OF Secretary Bryan has in no
Virginia bankers in the wisdom Of his
procedure in dealing with the compli-
cations arising from the loss Of Ameri-
can life through the sinking Of pas
senger-carry!ng vessels by the bellIg-
erents.
Oliver ]. Sands, president OF the
American National Bank Of Richmond
objected to this feature of the rcsolu-
tion, fearing that 1t might be inter
preted as reflection upon the former
Secretary of State. or that it might
give embarrassment to the President
Objections in the Same tenor were reg
istered by several other delegates
Although John T. Wilson. president
or the Bank of Commerce and Trusts,
Richmond, and others were in favor
of adopting the original pa per as read,
the convention voted to submit 1t to
the resolutions committee in conjunc-
tion with Mr.. Sands and Mr.. Hurt, for
the purpose of eliminating the refer
ences objected to. The amended reso-
luton was reported within few
minutes. and adopted unanimously.
RESOLUTION Of CONFIDENCE
IN JOHN SHELTON WILLIAMS
The convention adopted by unani-
nous vote resolution instructing
Secretary Scott to address to Comp
troller John Shelton Williams the fol-
lowing letter:
The members OF the Virginia State
Bankers Association, in annual con-
vention assembled at Old Point Com
fort Va. feel that their deliberations
and actions would be incomplete should
tho occasion be permitted to pass
without formally giving expression to
the confidence owned by the bankers
OF this your native State, in your dill
gence, intelligence and singleness Of
purpose evidenced by you in your con-
duct of the highly responsible Office
or Comptroller of the Currency.
The convention. therefore, by this
letter, formally made n part Of its
minutes Of proceedings, desires TO ex-
press TO you its full confidence In the
integrity Of your purpose In seeking
so to assist in guarding the conduct of
banking institutions under the super
vision of your Office, that their busi-
ness shall be carried on in harmony
with the spirit of the law and in con-
formity with ethical practices of high
standard"
The resolution directing the writing
or the letter to Mr.. Williams was in
Guided In the general report of the
resolutions committee. to which it was
handed by member. 1t was adopted
by tho body upon n motion to that
effect made by Thomas 3. McAdams,
vice-president OF tho Merchants Ma
by Mr.. Sands.
In view of the recent differences be-
tween the comptroller and Secretary
McAdoo and the Riggs National Bank
or washington. the resolution of con-
fidence adopted by the Virginia bank
ers to-day was regarded rs more than
ordinarily significant. In the number
who voted for tho resolution were
many representatives Of Virginia ma
tional banks.
NO MORE INToxIChNTS
AT ANNUAL BANQUET
Departing again from its peaceful
closing program. the convention adopt
cd resolution directing the executive
council TO discontinue tho use Of in
toHicants Mt future annual banuuets
Of the association. While the conven-
tion hall at the time the resolution
was offered contained between fifty
and sixty accredited delegates, only
thirty-cight responded to President
Vests call for the ayes and noes.
hn