Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1919-06-22
VIRGINIA BANKERS
SELECT OFFICERS
K. G. Vance, of Waynesboro,
Named President of State
Association.
w. F. AUGUSTINE REELECTED
r. N. Sheppard, of Washington,
Speaker on Final Day of
Annual Convention.

NEWPORT NEWS. VA. June 2l.-At
the concluding session OF the Virginia
bankers Association conference at Old
Point today r. q. Vance of waynes-
noro. was elected president for the
ensuing year; Tench TilGhman. Of Nor
ioIk. vice president: w T.. Augustine
% o. ni,chmond, secretary. and f. D.
MaphiS. OF Strasburg. treasurer.
Resolutions were adopted today fav-
orinE the Warfeld plan of turning the
railroads back to private ownership.
The bankers rejected a resolution to
amend the constitution allowing dele
gates who are officers in two or more
banks to cast vote for each member
bank.
Among the speakers on the. closing
days program was +. " Sheppard,
CONNECTED with the United States Cham
pard took for his subject "a Few Items
or the Credit Side"
Tells of Developments.
Mr., Sheppard's talk was based along
the lines OF the great DEVELOPMENTS in
world war. He told of the advance
made in airplane construction. as well
az in navigation. He held that the
merchant marine now possessed by this
country is directly due to the war.
The greatest lesson learned, how
ever. said the speaker, was the lesson
Of thrift" He pointed out the float
distributed among 20,0O0,000 people.
many of whom now have an idea of
a bond for the first time in their. life.
Sheppard, lis the standardization Of
manufactured goods, releasing ma
teriais and eliminating useless pat
terms" He also held there had been
a distinct advance in surgery and sani
tation and that millions of young men
have learned scientii1 principles Of
personal hygiene.
Rnps Radicalistic Efforts.
81
men into the army, Mr.. Sheppard
quoted statistics which showed that
one-,ourth OF the men inducted into
service could not read or write Eng
failed TO understand the orders given
them by the officers. He declared the
efforts TO Americanize these people
meri,ed the fullest consideration, and
support Of people who admire and up
hold good government
There is no place in America for
the form Of our government" said the
speaker. whether this be done by
force or by other means. The iron
them and they should be taught that
this country is not an international
boarding house or an anarchist cafe"
The part America must take in the
rehabilitation of the world" said MIL
Ton w. Harrison. OF the American
Bankers Association, makes It neces-
sary for this nation TO float additional
in the next few months not less than
s3,0o0.00o,000 of purchases To do this
there must be continuation of the
thrift which has 'een an important
feature OF our lives within the past
year or more" He urged the abandon
ment of luxury and useless expendi-
lures.
Advocates Thrift Stamps.
A continuation of the campaign for
the sale of war savings and thrift
stamps was advocated by DR.. J. STAN
ley Brown, vice-dircctor o. the savings
division OF the Treasury Department.
Mr.. Brown also Endorsed the own your
own home" slogan and declared the
movement would prove of incalulable
value TO the United States.
The association applauded the state
ment that the billions of dollars which
have gone annually into drink. which
drain on the resources of the country
viii! be stopped after July /. should be
directed into egitimate channels of
trade. Instead OF using this money
for something that drags up down. let
us use II for something that will build
US up and put US on a higher plane than
even before" he said in concluding