Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-06-22

said that bankers wcrc beginning to
ask prospective borrower how much
insurance he carried.
Banks did this. he said. not because
they wanted TO inquire into the Dor
rower's financial affairs. but more be-
cause II showed them the type of man
he was for the man who had fore
sight enough and realized the advant-
ages OF insurance was the one who
succeeded in a given undertaking. Tho
speaker recited statistics showing the
growth of the insurance business in
this country.
Another speaker was James Leroy
Without. OF New York. who urged the
bankers TO exert every effort to Sc
cure the passage OF proper blue
sky law to prevent the operation of
HN-hy-niSht promoters. George Bryan.
of Richmond. attorney for the associ-
alton. said that the law passed last
year had been Il step in the right di-
ments made by Mr.. Without. who asked
the bankers 10 cndeavor to have the
proper law passed at the next session
OF the Legislature.
MIR. Bryan made two brief reports
FOR himself as attorney for the assoc
citation and as chairman of the COM
mittee OH banking, Jurisprudence and
information. He told Of the work
completed during the past year. and
called attention to several court de-
cisions that would improve banking
conditions.
NEARLY EVERY BANK
IN STATE REPRESENTI;D
Reports of Secretary Walker Scott
and Treasurer w. +. Augustine. OF
Richmond. showed an unusually sue
ceSSful year. The association gained :.
total of thirty new members, and now
has membership of 40i. the largest
IN the associations history. out of
total of 43l banking institutions III the
State. The report Of the treasurer
showed only small balance. eXpen-
ditureS during the year. including ohli-
cations from the previous year that
were discharged. totalins $1,000. II
Is probable that the membership fee
viii be increased before the end of
the convention.
The retiring president. K. B. Spencer
OF Roanoke. Was unable TO attend the
meeting. and his address was read lie
said members little thought. when they
were meeting last year. that within
twelve months this country would be
Swallowed by :he sorrow that duty to
humanity had called it 20 the stern
tasks OF war"
we bankers OF this country arc
each OF US trustees for the credit and
financial welfare OF our people" read
MS ADDRESS. and II - needless for mo
TO admonish every one that this trust
calls to-day for keener conscience in
its guidance and clearer brain in its
execution than ever before. that each
OF us Is under duty TO do his or her
best bit OF service; that his best bit
OF service may come TO mean more TO
us III the giving, and more to our he
loved country III the taking, than We
nave ever dreamed
One great problem of the war is
the production and distribution Of food
and the task has fallen upon the
shoulders of the American people 10
feed not only the soldiers in the
trenches and the stricken population oe
the devastated countries, but even the
people OF the neutral nations. To this
task our people have consccrated their
every effort and pledged their every
resource. until from cevry city every
hamlet, ana every field, We hear the
new battle cry OF the republic'-'food,
mere food, and again more food with
which 10 win the war"
Tho executive committee announced
the appointment of the committee on
resolutions. which is composed Of Tsy-
Tor Burke. of Alexandria: w s Irby.
OF kenbridsc; Harvey Fleetwood. or
Naveriy; y. 4. Payne. OF Lynchburg:
George W. Call. OF Richmond an6 Y,
i. King, OF Marion.
NICE-PRESIDENTS NAMED
FOR NATIONAL ASSOCIATION
Vice presidents for Virginia TO the
American Bankers Association. elected
this afternoon, are: + b. Spencer. Eoa-
noke: Walker Scott OF Richmond
trust company section; J. j. Scott. Bed :.
lord City. savings bank section; Ma
ih"nirl Ecaman. Norfolk, national bank
section w. :. I-by. kcnbridgc. state
bank section. Julien II. H.n. OF Rich
nond Vas elected a member Of the
executive council OF the American
Bark.rs' Association. and Colonel
Ihom"s b. McAdams. OF Richmond q
ncmb@ or tho nominating committee
OF the national associations
NO special interest has beer directed
10 the nomination OF officer for Tho
ensuing year which takes place To-
morrow morning. w Meade Addison
the vice president, will succeed NJ
spencer IN the presidency, ana TO- ,-hi
u seems that V. Walden, OF FarYnytllc
VIII be elected secretary TO succeed
walker scott. OF Richmond VINO has
declined 10 he "A candidate for rc.c!ec
ZION. after having served the asyocia
ton since 1911. Some interest ms berr
directed. however, TO Il successor 10 NJ
Ad-f!son. because OF the tact ,ha, In.
VIII become president o. the assoc!a
ton
This afternoon members Of the as
sot!ation were entertained by Il drcsx
parade at the post parade grounds
whi!e there was a motion picture nor.
!ormancc tonight and dancing a, INC
marine pavilion. The annual hanuue,
VII! DC he!c tomorrow night