Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-09-27
PUT SOUL or PEOPLE
IN USE OF THE DOLLAR"
Comptroller OF Currency Williams
Gives Advice at Bankers
Meeting.
SPEAKER All KANSAS CITY
Tells National Association This
Country Has Become Responsible
to Entire World, Especially in the
Important Matter OF Finance.

comptroller OF the currency. that thcY
could fulhll their duty to tn. world IN
the great financial reconstruction fol-
lowing the European war only If they
put the soul Of the people in the use
and application OF the dollars
I'VE have outgrown responsibility 10
our country and generation said Mr.
Williams. I'VE have become rcspon-
siblc to the whole world, because we
have become the supreme world power.
Especially in that vital department
reaching TO the root and core of All
things which we here directly repre-
semitic financial II is for YOU. gem
,lcmen. controlling the powerful bank
ing interests Of this supreme country.
to determine whether these dollars OF
ours shall prey upon our country and
the world with teeth ana claws or shnl,
have souls put into them to upbuiId.
10 help 10 heal the horiibl" scars al
war. TO aft til" stricken 10 strength
and hope.
AMERICA HAS BECOME
CREDITOR NATION
Comptroller Williams spoke before
tho National Bank Section OF the as
snciation. He reviewed the progress OF
banking under the Federal reserve law,
skctched the commanding position the
United states has taken in world
finance, declared that. for tho first time
America had become distinctly Il crodi-
tor nation. urged the bankers TO take a
more active interest In politics ana
warned them against the danger OF too
great concentration OF wealth at the
e@ptnsc OF small enterprises
- !, ho' haFh TO grasp the thought
,""' 'h's country Of ours which. in 1902.
.'"u an Guy 'eaci." pinnacle among
-, ~ H'hc" 'h"l year doubled
~, ~ .,'S' ia ''u"HE
a. ,r,,1. - ,'"" a9h"u
no., ,o,,.h , '',e
tb. man ,.,, ,,.|,i 80.
a, work tbay would h,, ,,l,
1000 pc,. y.,r .,cbo
our deposits in All ,t. h,,l.
throughout the United states ., ,b;.
tIne are so huge that IL th.re Sbn,ld
be withdrawn from th.s. bo,,bS ar,
amount of deposits equal 10 tho ,o,al
resources at this time Of IN. Rank or
England the Bank of Franco IN. l..,l,
Of Spain. tho Bank OF tn. N.tberI,n,le
the Bank OF Norway III. Rank q,
sweden. the National Bank OF SwItzer
land and the Imperial Bank OF Janau
ell combined. the deposits OF our I,,uks
still would bc as great a. they yc,e
three years ago
III a balance should bo struck a..
day. In. probabilities nrc INA, w. w,u,1
ind ourselves for tb, hrs, ,,,,o ., 49,,
his,or, &, J,.,i,c,i. .,i.
We ho,d , no,,, -, -
,hy.t,., ~, -,
IN, 'I ~
mr.,.t,,I ,,.I -. -
= ~ a. 'E"' 10
= ~" '''N ~" S"tI'-
- i"'"N 't'"' ''"'e''c'hS VIII
''''" "a ''''' '"''S' io' rear '""I "taNh
mag "'''"! W. Hh'o r"pa'itE ana IN
'P"ah'E OF distribution mat Will mean
destruction We are in a world inf
"'tclE 'aster than Rome knew We can
hold i" II power and place Tar beyond
The widest vision Of the proudcst
Roman. In all time OF our tribuIation.
in all time of our prosperity. in the
hour of death and in the day OF iudr-
rncnt, good Lord. deliver US rams the
iLtanv Men wise as Caesar Augustus
wrote tina, for MS To use i'm our nravars
They understood. as he ala. MAJ ,b.
d.,yo-s 81 nros,.ri,, ~. -. da,d,,.
&c ,hos. or .ixor.i,v 1.,,h ,,, iu1a
,'pui.,,n,>c M. ,nNr
L.
...rho -, ,,.ito,iou ,, i,,,
o,io g., 1,,, Ga ,, b..;I
wo-,1 NV. accommodation. nr ,,I,,.
.,,r.,,,. ,.,, 80 ,hou.oi,... 80 ,,.
,s,o yy,;,o ne. ,,o,ui -,
r,i ecne,,.s for uor,, d.yo1,,,,,,,,
10, nc No, for,,ct INA, mo most imrodi-
40 ana .y,al husirccs J,,,;os u.,,ic, 10
bcfore us relate 70 the unhut,ain- os
AIR homo cn,.rnris.s osn.c;o,I VI,
small f,ctorics and mills o,d d.yo,o,,
men, undertaxinps i'm The lesser citics
ana towns ana in o,,, corn,r di.ric,s
Those proyido Tin. s,Yes, ANA s,fcst
Foundation on which 10 cree, national
wealth"
The Comptrollcr maid ,rihu,a 70 Soc
retarv McAdoo. who. he said had solved
financial problems during the past three
years compared TO which the tasks OF
'iamilton. Giallatin, Chase. Mccullough
and sherman seem small In summing