Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-06-24


vention activities. which. in the main
followed faithfully the limits pre-
scrbcd by the program In connection
| with the treasurersh!p. there has de-
velopcd contest of lively proportions
with two nominees coniueting an ac-
tive canvass
The announcement that Treasurer
julien II. Hill. of Richmond. would
not accept reelection was followed by
the nomination of Fred y. Maphis. of
Strasburg. President Tinany's call for
further nominations brought no re-
I Spouse. and the convention proceeded
to the business Of nominating members
Of the executive council
At this point there entered the con-
vent!on hall former President Joseph NJ
Hurt, OF Blackstone. who asked for a
( reconsideration of the motion by which
the nominations for the Office of treas
urer were closed. There was instant
opposition. The convention voted
finally 10 reconsider. and Mr. Hurt
nominated w +. Augustine. of the
Merchants National Bank of Richmond.
Friends Of the two rivals for the
treasurersh!p are engaged in conduct
ing spirited canvass. and the filing
Of this office will be the only real con-
test in to-morrows annual election
FollNHinG long established practice. the
convention nominated for the Office Of
president, Nice-President Spencer No
other candidate was proposed Secre-
tary Walker Scott OF Farmville. was
nominated unanimously TO succeed him
self.
The address tomorrow by Charles
:. Hamlin. governor of the Federal
Reserve Board. Washington. will be the
outstanding feature of the final days
session He vii! be present when the
convention takes UP the discussion OF
the country-wide check collecting sys-
tenn planned by the Federal Reserve
Board-a plan which is expected TO
encounter sharp opposition from coun-
try banks
With the major officers. the conven-
ton will elect tomorrow an executive
council OF ten members. There must
be at least one member from each of
the five groups. The following have
been nominated:
p. N. Kent. Group One, Richmond:
w. II. McConihay, Group Four. Gov
inEton; :. II. Williams. Group Two.
Chase City: Z. W. Tinsley. Group Five,
Roanoke: O. E. Parrish, Group Two,
Richmond: r Z. King, Group Five.
Marion; E. l. Robey. Group Three,
Herndon: J. B. Ncili. Group Three,
Berryville; ]. d. Tucker. Group Four,
South Boston; r. L. Gordon. Group
Two. Richmond; p. NJ. Pollard, Group
Two. Petersburg; Carroll Pierce. Group
Three, Alexandria,; Allen Cucullu,
Group -Four. Lynchburg; W. T. Hard
ms. Group Two. Empora; J. F. Eison
Group Four. Danville; y. S. Groome
Group One, Houston. and J. A. Willett
Group One. Newport News.
ADDRESSES COVER WIDE
RANGE OF SUBJECTS
Addresses delivered to-day covered
IL wide range and brought before the
convention distinguished array. of
speakers. 1t was essentially the shop
talk" day of the convention. and most
Of the speakers confined themselves to
/ topics which dealt with some phase Of
! the banking business immediately or
with broader subject related TO
finances indirectly.
From Washington came President
Fairfax Harrison. of the Southern Rail-
way, with an address On The state.
ment Of an Ambition"-a subject which
gave scope for a sketch of Southern
industrial progress in the last genera
ton and the prospect for advancement
in the future. Mr.. Harrison defined a
broad policy of public service for the
big railroad which he heads, and in
/ vited the bankers of Virginia and the
| South to work with him. The interests
of the railroads and the public they
serve. he said. are inseparable.
! Francis Coates. Jr., examiner OF the
| Clearing House Association of Cleve-
land, o.. spoke on Taking Inventory"
/ His talk dealt with the essential au-
| diting and accounting features of mod
ern banking, and laid emphasis on the
importance OF periodically Counting
and tabulating. and pricing and COM
in trade the same as is found essen
tial in all other lines of commercial
| business"
THRIFT FORMS TOPIC
OF VI. W. HARRISON
| preparedness and Thrift" was the
subject of an address by NJ W. Harri-
son, of New York City, secretary of
the savings bank section. American
Bankers Association. Mr.. Harrison
came as an apostle of the national
| thrift movement that has been directed
by the association as an appropriate
celebration of the Tooth anniversary
| Of the founding in the United States of
! the first savings bank.
| I'VE are seemingly prosperous" said
Mr.. Harrison. There is no doubt that
| there would be little need for our
anxiety about future conditions If we
| were sure that the war could not end
before 1920, and as a consequence there
| OF that Germany, England, Russia and
| France would be eliminated as factors
| In the struggle for international trade
| and commerce. Fortunately for us. as
| we'll as for them, we do not anticipate
| such situation.
| assume that we will rest on fowery
beds of ease: that we will have our
| own way. In the great settling up
| process the United States must come in
| for it's share. Industry has paid its
wort men higher wages Labor has
transferred its vocation from coal
miner at s2.25 n day. to munition
worker at $3.50 day. Living ex-