The Richmond Virginian. (Richmond, Va.) 1910-1920, 1919-06-22
Convention Approves Resolu-
ton Favoring Return of Rail
roads to Owners.
OFFICERS ARE ELECTED
Speakers of Prominence En-
liven Gathering - Delegates
Are Guests Of Officers at New
Naval Base.

Fort Monroe. Va. June ef-The
twenty-sixth annual convention Of the
virginia Bankers association adjourn ed
tndaI altar the largest and most sue
cessfui session in its history.
The convention took up several i'm
portant matters IN the closing hours
Of the session and adopted by unani-
roous vote, the McAdams resolution ap-
proving the Vsrfed plan for return
to private ownership of the railroads
and the Sands resolution endorsing the
league of nations. and requesting the
Virginia senators to give their undi-
vided support'se the pact. +>-.'a@s' 9ar
The following officers were elected
n. G. Vance. Of waynesboro. presi-
vice. president; William F Augustine.
Richmond, secretary and Fred n.
Mathis, of strashurgT treasurer TIE
last two names were reelected
Several interesting addresses BY
SPEAKERS of wide reputation eniivened
yesterdays session, Very comforting
were the statistics and suggestions OF
F. G. Sheppard, of the Chamber of Com
r.erce Of this United States. who sought
70 point out the real dement's derived
by this country from the world war. in
contrast to the price paid in lives and
money.
Mr.. Sheppard laid much emphasis on
the unbelieyahly swift strides made in
the development and ADAPTATION OF the
aeroplane since the beginning of the
war He also called attention to the
pr esent American merchant marine az
an Item on the Credit Side
He also pointed 10 the education and
!, development of the million men in our
army who could not read or write
English many III them being Of for
etxn birth and being unable to speak
or understand our language. After
two years in the service. said Mr. Shep-
psrd. these men have been more com.
pletely Americanized than they would
have become in ten ordinary years.
Mr.. sheppard reserved his greatest
argument for his closing one, direct
ing the attention Of the bankers To
the great and permanent lesson of
thrift which has been incuicated Into
the American people by the tremendous
issues ~ government bonds, He said
that 2enor.onn people now owned bonds
and estimated that at least ea.oaa,n
of whom had never owned a bond pre-
yiou. to the liberty loan campaigns and
W ould in all probability. never have
been laugh. the necessity and com
parativeness ease of saving had 1t not
been for the war
On motion of Colonel McAdams, Mr..
Sheppard was tended a rising vote %
tIAHNS Nv tBN conventions
tHe was followed by Milton W Hsr-
rison. secretary Of the savings banks
section Of the American Bankers asso-
cation. who paid great compllme Mt
to the work being done by the Wiz
giuia Bankers association
Optimism was the keynote Of his pic
ture of the after-war trade between
this country and the nations OF Eu-
rope He told the bankers. however,
that America must he prepared to
absorb three billions Of dollars OF pur-
chases in order 20 sustain our EXPORT
trade. Mr.. Harrison said that Amer
lea must take this part insthe rehahiii-
tation of the war-ridden nations OF Eu-
rope.
He spoke warmly Of virginias natu-
raj resources. dwelling on the maEn.-
hcent harbor OF Hampton Roads and
the farming progress
DR.. j. Stanley Brown spoke In much
the same vein urging the continuation
o. the war-stamp and thrift-stamp
sales and heartily endorsing the own
your own home" plan. He repeated the
statement of Mr. Harrison that this
country must prepare to provide three
billions OF new capital II the export
trade IL to survive In its present val
ume. DR.. Brown 10 vice director OF the