Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-06-19
BUSINESS IS NOT
UNDULY HAMPERED
Treasurer Burke Categorically
Denies Truth of Charge of
Excessive Regulation.
TALKS OF BUSINESS AND LAW
Several Notable Addresses Made
Before Virginia B1nkers' Asso-
citation at Old Point.


OLD POINT COMFORT. VA. June IS.
Addressing himself 10 the charge
that excessive regulation-part rticularly
Federal rogulation--is hampering bust
ness. Lohn Burke. Treasurer of the
United States. speaking to the Vir-
ginia bankers this morning. denied
catcgorically the truth of this indct-
ment
1t is suggested. he said. that the
Sherman acy is a blight on enterprise
on account OF an alleged biunder of
tho supreme Court in giving il a strict
construction without reference to the
common law or the light of reason.
The charge OF excessive governmental
interference is laid also. he said.
against the protective tariff and such
mcriior,oUs legislation as the pure food
and Federal reserve acts
How soon We forget the great ncccs-
s!ty there Was Tor pure food laws
said Mr.. Burke. Have we forgotten
the pure food exposition Mt the Madi-
son Square Garden. New York. at
which sample Of strawberry syrup
was analyzed and found TO contain
enough coal tar dye TO color "A chlt's
undcrshirt a vivid red. which was done
and the undershirt hung in a booth at
the exposition where ali might see?
act is EuLOGIXED
Bl COUNTRY,S BANKERS
The reserve bank act has been con
demned as a wild. chimerical fiat
money. wildcat banking scheme that
was sure 10 bring imitation and dis
aster in the financial world. but at the
recent Tan American Financial Confer
ence, which was attended b.. the big
eest bankers in the country, this law
was eu!oCizcd by the bankers as law
which had broken the shackics of the
banking institutions. and not only
enabled them TO take care OF the bust
ness of the United States. but enabled
them through foreign branches to com
pete with the world for the commerce
of the world. Instead OF hampering
business. this law not only helps busi-
ness, but makes business and banking
safe
Sir. Burke spoke on the subject
business and the Law" making out
a strong case for sane governmental
supervision of commerce and industry
in order that business may observe an
appropriate restraint and a proper re-
gard for the rights of competitors.
The address was the first on the
program at the morning session. which
convened shortly after 1880 o'clock,
and followed the business OF nominat-
ing officers for to-morrow's election
which opened the second days session
OF the twenty-second annual convention
Of the Virginia Bankers Association.
TIFFANY WILL BE ELECTED
ASSOCIATIONS PRESIDENT
Nominations for the ma ior offices fol-
lowed without deviation the pred:c-
tions that had been current since the
convention opened. Thomas T. Me
Adams. OF Richmond. a former prcsi-
dent Of the association, nominated for
the Office of president c. +. Tiffany,
president of the Fauquier National
Bank, Warrenton. who now holds the
Office of vice president. There were
no other nominate lions for this Office,
and Mr. Tiffany will. therefore. be
elected to-marrow without opposition.
Upon the call for nominations for
the vice-presidency, Joseph NJ. Hurt.
of Blackstone. last years president OF
the association. nominated w. Meade
Addison, cashier OF The First National
as the biggest man i'll the biggest
bank in the biggest city OF the, Com
monwealth." The nomination was
warmly seconded by several members.
j. w. Miller. cashier OF the Peoples
Bank. Pulaski. nominated for the Of
fee OF vice-president +. B. Spencer.
cashier OF the National Exchange Banlt.
Roanoke. \. =. Ryland. assistant
cashier of the First National Bank.
Richmond. told the convention that Mr.
Addison. who was detained in Ricli-
mond and could not attend the con-
Nention. had informed him before he
left Richmond that he would prefer
taking no part in the race this year.
Mr McAdams explained TO the body
that II was his understanding that Mr..
Addison took this position because he
did not desire to run AGAINST Mr..
Spencer, who was mentioned for the
vice presidency before he was. and who
was perhaps better entitled to the
honor this year. 1t was not. Mr. Nc
ADAMS said. that Mr.. Addison failed to
appreciate the high honor Of the Office.
With the position OF Mr. addison thus
made clear, Mr.. Hurt was requested to
Withdraw his nominations. Mr.. Hurt
complied with this request. and joined
in sccondng the nomination OF Mr..
spencer. Julien II. Hill. OF Richmond.
and Walker Scott. of Farmvlle. were
nominated without oppos' tion to sue
ceed themselves as treasurer and secre-
tary, respectively.
The following We're nominated for
election TO the executive council: j.
u. Neill. Group Ill, Berryvillc: r. f..
King. Group ". Marion; T.. l.. Robcy.
Group Ill, llerndon; G. r. Burke. Group
Ill. Alexandria: G.. Il. Vaughan Group
w. Lynchburg; p. B. Jones, Group H.,
Petersburg: r. S. Marshall. Group l..
Portsmouth; j. T. Pritchard, Group w,
Danville: Carroll Pierce, Group III.
Alexandria, and T. T. Campbell, Group
l., Norfolk.
The constitution of the association
requires the election annually of an
executive council of ten members. Al!
CONTINUED on Third PageD