Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1918-06-22
VAUGHAN NAMED
TOLEAD BANKERS
State Association, in Session at
Old Point, Honors Lynch
burg Man.
LOVING CUP FOR o. J. SANDS
Protest Is Filed Against Bill
Guaranteeing Deposits in
National Banks.
LEY a star corresnonden,.l !

BY STAFF Correspondent
| OLD POINT COMFORT. VA. June
2l.-Garland Il. Vaughan. of Lynch
burg, was nominated for president OF
| the Virginia B n k ers' Association,
| which is holding it's twcnty-fifth an
! nual convention in tho Chamberlin 1io-
tel. this morning, 20 succeed w. Meade
| Addison. OF Richmond, the retiring
president. r. q. Vance. of Waynes
boro was selected to fill the vacancy
caused By the promotion of Nice-Pres-
ident Vaughan. Secretary V. Walden.
OF Farmvlle. and Treasurer w. r.
Augustine. of Richmond. were nom!-
mated for reelection. >The annual
election of officers will take place just
prior to the final adjournment of the
convention tomorrow morning.
Virginia bankers spent an unusually
busy session to-day. many interesting
reports being made by various com
mttees. which brought forth consider
able discussion and constructive crit
icism. Featuring tho meeting were
the addresses by Clarence Ousley, AS
sistant Secretary of Agriculture, and
Edward James Cattell. statis,ician OF
the city OF Philadelphia. and the pres
cntation TO Oliver j. Sands. OF Rich
of his services on several of the i'm
portant committees OF the association.
PROTEST. AGAINST bill
GUARANTEEING BANK DEPOSITS
President Addison appointed spc-
cial committee of three members. with
! whom George Bryan. of Richmond. the
attorney for the association, will be
| associated. TO draw proper resolutions
protesting against the bill now pend
Ing in Congress, which has for its pur
pose the guaranteeing OF national bank
deposits. The report of the budget
committee was adopted. showing that
the association will have a balance OF
$1,000 at the end of the year. Provi-
sion was made that $1,000 of this bal
ancc be devoted 10 the purchase OF
Liberty bonds of the fourth issue.
which are to be placed on the market
in the early fall, in order that the as
sociat!on might be the first purchaser
OF the bonds in the State of Virginia.
Important elections announced this
morning were the selection OF w.
Meade Addison. the retiring president
OF the association, as vice president for
Virginia of the American Bankers
Association: Colonel Thomas e. Nc
Adams. Of Richmond. with W. II. Nc
Conihay. of Covinston. as, the alter
nate. as member of the general
nominating committee OF the next ma
;!onal convention. ard as representa-
t.vcs 10 this meeting =. e. Boothe of
Danvillc. national bank section: Harvey
Fleetwood of Waverly, State bank
| section J. j. Scott. OF Bedford City
savings bank section. and Walker
u
section. c. f. Tiffany, of War-emton.
was elected member of the national
executive council!
MORE LAND IN GRAIN
THAN EVER BEFORE
In his address 10 the bankers. Sec
reta-y Ousley declared that to-day
there was more land under grain than
last year and ever before in the his
tory OF this country. There is nearly
%, 100000 acres in wheat this year. an
increase over ;hc acreage twelve
months ago of about IS per cent, while
the yield, according TO reports received
as OF two weeks ago. will show a tre-
mendous gain in the yield. He said
the farmers OF the country had changed
their plans quickly last year.
They produced 1000. 900 more
bushels of principal cereal crops than
ever before. and this nation was abund-
antly fed after supplying allied coun-
tries Ihis was oone. despite the loss
OF about 10 per cent OF The labor in
1917. while this year conditions have
changed. Crops cannot be harvested
under existing conditions. he said, for
the farmers face loss of from 10
10 90 per cent in labor, while they are
inc fr,at
dark. Two factors--thc weather, now
in the hands of Providence, and labor
will mean the success or failure of
the country's food supplies. He be-
iieved the work or light program
would help matters. but declared that
would be only temporary measure.
Secretary Ousley said hunger, rs
much as the German propaganda.
caused the disintegration of Russia,
and that now this country must feed
the women of England. France. Eel
Sium and Italy. because the men or
these countries were on the battle
fronts. The government will feed
the soldiers" he said, 'and the farm
crs VIII feed themselves 1t may be
that you and will go hungry" He
then urged every effort 10 help the
farmer save his crops because food Is
such p vital factor in the war. say
ing I'VE know what il takes TO win
the war-men, guns, ammunition and
food. We are determined-we will win
the war or so down in death strus-
gle with the German beast"
IMPOSSIBLE TO OBTAIN
AGRICULTURAL IMPLEMENTS
Immediately following this address,
the attention OF the convention was
called to most serious situation ex-
listing In Virginia. although there was
no attempted criticism of the program
of the United States railroad admins
tratio". After farmers had been urged
to increase their acreage. one member
declared. and had been urged to use
labor saving devices In order to har-
vest the crops under existing condi-
ttons, II had been impossible to obtain
agricultural implements. The railroad