Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1918-08-16
RETAIL MERCHANTS FIND
TRADE CONDITIONS GOOD
Med. Holiday, of Dunn, \. c.. I!
h Elected President, 3uccced-
ing y, I. Purdy.
WILL MEET HERE NEXT YEAR
John NJ. Miller. Jr., and Oliver j.
= Sands Among Speakers-Discuss
Business During War, and Explain
~, Use OF Trade Acccptanccs.

- Use OF Trade Acccptanccs.
Tho Southern Retail Merchants. who
have been in conference here since
Tuesday morning. holding their ses-
sions in the auditorium of the John
Marshall High School Building. yester-
day AT noon selected Richmond as the
mace for the next annual convention
FOR the association. and elected the fol-
lowing officers:
Med. Holiday. Dunn y. c.. presi-
dent: r. F. Anis. Virsilina. Va, first
VICE president: j. W. House. Roanoke
Rapids. y. c. second vice president;
w T. Dabney. secretary; II. r. Terrell
Buckner. Va. assistant secretary.
Board OF directors-S 7. Puriy.
-aTrenceville. Va; L. s. Bass. Midlo-
n. c; Ely +. Galway. La Grange.
Ga; D. Campbell, boswell Va +,
George l. Durcn. Meigs. Ga: e. =.
Estes. Danville, Va: W. T. Freeman.
Stony Creek Va. G. Frank Garbcr.
stanton. Va; r. l.. Hadaway. Tho,.-
son. Ga. W. T. Irwin, Lexington. Va:
W. II. King, Greensboro. y. c.: NJ Is.
Leach. Greenville, :. c. q. +. Massie.
Richmond, Va; 4. F. May. Spring
Hope, y. c; w, s Myrick. Mlledse-
VILE, Ga; y J. PARKS. Parksley, Va:
Rufus Ray. Stay, y. c: w NJ Rucker.
4. ~
Wilkesboro. y. c: w. D Stuart Rich
nond; Dudley Sydno-. Mannboro. Va
J. F. White. Waynesboro Va: L. T.
wilkins. Sanford. y. c.: r g. Sydnor
Richmond. Va.
MILLER SPEAKS ON
y,. TRADE CONDITIONS
One of the speakers yesterday was
John n. Miller, prcsidcn; OF the First
National Bank He remarked: When
we consider business conditions.
present and prospective we must
realize that our first duty is TO our
government. II We do not support the
War program the Red Cross and othe.
branches Of war work, we may not have
any business present or prospective"
m'.' .iiiier was speaking on Trade
conditions. when he told his hearers
that he believed the war would hc ;,
tonE one and that the people OF this
country should prepare themselves far
H. He asserted that America will rails,
as much money as is needed to prose-
eute the conflict with the Hun rs lo,:c
as ne thinks he can win the war -,
this connection Mr. Miller refcrrel -,
tne Federal reserve plan as one ~
me greatest financial schemes CON-
Se'Feu' ne regretted the fact that only
30 per cent OF the banks have Joined.
e. spa inhour, director Southern
Relail Merchants Conferences ~,
"ilkesboro. y. e.. addressed Tho n',,,
Nention on matters OF advertisinc,n
error and window decorations T.,.
urged briefly upon the aud,.
'he Importance Of attractiye vi.
6ays -, ntesiors. \ paper by $ l.
ass, Oh Midlothian. Va. was rs,d
tue crowd, which was iold IA ; ~
ana lCli measure as tn, s,,ni
sfuaFe dealing, which ,Iu.. :.
ne MADE this point in teIlin,, =,
,ition 10 . .ai, OF meeting compe.
.sery-ic. s"'d thai his motto ",
zee H. r. Terril. of RucL
70. also emphasized the imno,,o ne
-e IN the retail businese LIZ 81
natcn cash sales wherever 80 aa-
ana n SAID that he favored nn.
a eoit price. thus placinc =.
sales premium on cash
SANDS EXPLAINS USE OF
TRADE ACCEPT4 x,.cv
explaining to III. ,Isi,;..
tr.a. the value and .mport,nco .,
president oliver j. Sands
Bank. said: american National
me volume OF production il
eepective units OF measure the
,L All or the cssentiai
ushout the country is in. n'es
Tremendous psre--,he nun,has ID,
IN credit .teqdired TO handio =.
~ ouoied within very shot narios
mas upon our INDUSTRIAL 80,
h.an anu financial resources bav.
what &. oct meager compared to
Ahead when our armies h,ys
increased 10 100000 6rh,;rn
Nhose service TO be erectiy. w., ~
upporteo by the labor OF ,n,,,
mately 100000 civilians oN' j.
the protection Of orr l,b.
eoom requires the Carrying on, ~,
1aIs am II means that July
in.s sho" the American pay rolls
oS many million names. TIL.
P"s toiis must he met-nrodro,;
must be stimuiated-an unnrecoao !,
Foiume OF credit and funds vii,
needed. The situation viii h. 'e
but how? pc met
me gold supply is the gre,.s.. =,
any nation OF the world. but like on-
emy IL must in order 10 exercise -.
strength and efficiency he
supported by another great
force. namely a big volume =, IN
Hquio paper. BY using the tr,da
rep.a nee hundreds OF millions OF dol.
iars worm OF paper may be ljnu;6o,
tandardized-and made eligible 60.
fedlscount at the Federal re.oru,
panks where il will serve in canine
.ion with the great store OF gold =.
me oasis OF currency issue. thus civ.
'N''''6 system, which haa
superior. the ability TO function N q,
maximum The use of the tr,a.
cqptance in this way Will further nay,
collections more certain, capita, NOR.
encient and business more stable u
reserves and should receive Tho i,,
mediate consideration of everv busi.
ness man and banker in this nation.
NEW PRESIDENT FOR
CLOSER CO-OPERATIo,
MED. Holiday. vice presden, Of tn.
southern Retail Merchants conf.-
enee. or Dunn, n. c., who was elected
pfeiioent OF the association 10 succeed
~ IT. Purdy, OF Law!enceviNe aio
z cussed the advantages 20 be d.,iyn,
q from a closer and more intimate ,n,.
Z tlonship among merchants and ais,
among retailers jobbers and nanufac
81 tuFers.
VI egThe visiting merchants were take,
H@A ~, 4