Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1919-06-21
CROOKS Of FINANCE
WILL BE DRIVEN OUT
Virginia Bankers Told War
Savings Stamps Will Elimi-
nate Profteering.
DELEGATES SEE NAVAL BASE
Airplanes. Seaplanes and Dirigi-
bles Perform for Visiting
Financiers.
DELEGATES SEE NAVAL BASE

OLD POINT COMFORT, VA. June
2e'-financial gamblers and profi,cers
arc going 10 be eliminated from Amer
ican financial life, Dr. J. STANLEY
BFown, vicc-dircctor Of the savings
division OF the Treasury Department
today told the Virginia Bankers AS
ISOLATION in session here. The war
savings stamps in denominations as
10" as !" affords the public a safe in
Fesiment, DR.. Brown said. and will es-
taoish financial morale among the
peoPIe "hich VIII put crooks out Of
business and in time of stress viii
banks. '''e
Today's session was addressed bv
three speakers Of prominence, and the
afternoon was given over 10 a irin IN
the naval operating base. where the
delegates witnessed a naval parade
ana dril!. a banquet was held in the
evening. followed by dancing in the
marine pavilion.
Hnnkcrs Visit Naval Base.
The trip TO the naval base was made
IN hNe gasoline launches manned by
sailors, and furnished by the base Of
nciais' 1t proved TO De a genuine treat.
ioF the vast majority Of the delegates
had not seen the Hampton Roads base.
ana re" or them had any idea as 10 it's
-, 9' territory. manner Of opera
During the inspection six airplanes.
t"o or three scaplanes and a coupic
OF d!riSihles sailed overhead adding
in the base.
feat in which the visitors were
particularly interested was in seeing
the seaplanes rise from the water and
go soaring 10 the clouds only TO re-
turn 10 this waters surface a few min
utes later.
Cites Americans Opportunity.
F. ~ Shepherd. OF the United States
Chamber of Commerce. Washington.
was the first speaker at the businesi
session held In tho morning taking uS
his subject "a Few Items on the Credit
side IN which ne gave his hearers a
!ated sources. on Americas opportu-
mites 20 extend her trade relations
ana The UNPARALLELED advantages 70 be
gained in seeking the markets literally
CRYING for American goods.
Milton w. Harris. of the American
BANKERS, ia. Association. spoke on Bank
Future" was the. subject of an ad-
dress by DIR: j. stanley Brown, vice
direct9r OF the savings division Of the
! United states Treasury Department.
Snys We Cnn Lead World.
World leadership awaits u.s." said
Mr. Shepherd. but we cannot attain
II until we have first removed some of
the stones that are in our way. One
misunderstanding between capital and
labor. and President Wilson was by no
means wrong in strongly emphasizing
10 Congress.
Fair minded capitalists should in
9orse 1 the sympa aihetic ALTITUDE OF the
guard against the dangers that con-
front IL and from which none but Ia bor
itself can save II.
Must support Investors.
Another obstacle in the way of nar
t!onal progress and prosperity is that
nd
business interests. The government
must support American inves,ors in
must be substituted for the spirit Of
obstruction heretofore existing Busi-
ness does not need paternalistic aid,
nor does IL want it. but il does de-
sire that that for which it toilcd and
fought during the war--frcedom for
conntry and humanity-shail be its
dom TO develop productivity. for in
no other way can we find a solution
TO the h'eh cost of living. The pre-
vailinG prices Of wages and materials
cannot he appreciably reduced now
without disastrous results to industry.
Business Must Not BE Tied.
But an increase in productivity
cannot be developed unless we permit
be burdened with taxes which penal
ize production and discourage ex-
fair share, of the war costs. but it
must not be tied"
X. Ci Vance, OF Waynesboro. was
nominated today for president for the
coming year and nominations were at
once closed. The election and install
lations will take place tomorrow.
Feuch II. Tilghman. OF Norfolk, was
nominated for vice president by Colo
mel McAdams. O. j. Sands nominated
Norman III. Williams, OF Chase City.
William F. Augustine. of Richmond
was nominated for secretary and Fred
ID. MaphiS. of StrasburE, for treasurer
d8v DrMnDni7E a1asv