The Birmingham age-herald., 1919-03-28
FIFTY BANKERS PRESENT

FIFTY BANk ERS PRESENT About 50 bankers were present at the meeting, representing all principal towns and cities in the district included in group ?. Those registering were; John H. Frye Birmingham; H. A. Young. Anniston: Thomas Bowron, Bir mingham; F. l.. Thomas, Auburn; l.. $. McGee. Tuscaloosa: F. $. Foster. Bir mingharn: l.. A. Porter, Montgomery; | w. E. Hinds. entomologist, Alabama experiment station, Auburn; w. k. Lit l tie. Leeds; E. R. Penler, Leeds; A. Il, | Dabbs. Carrollton; J. L. Savage, Centre; Letcher Melton, Centerville; Arthur H, Rosenfeid, Ingenio santa Ana, Argen- tina; O. w. Underwood Birminsham; ! Frank Willis Barnett, Birmingham: J. | Kirk Jackson Birmingham; A. E. Wal 1 ker. Birmingham; McLane Triton, Pell City, representing the Chemical Ma l tional bank of New York; sam Bethea, ] Faunsdale; D. F. Green. Montgomery; | E E. Thomoson, Fayette; w. S. Nichols, | Livingston; G. E.. Patterson National
 Bank of Commerce of New York; James ! D. Dickson, Birmingham; H. T. Bartlett
 Montgomery; w. 1T. Manley, Birming- l ham; M. E. Pentecost, Gadsden; B. w. Duke, Gadsden; J. T. Warren Jr., New 1 York; T. S Ward. Cuba; James J. Smith,
 Birmingham; B. z. Henry, Anniston; H. l H. Montgomery, Birmingham; Herbert |
 Ensley; w. w. Crawford. Birmingham; |; | Oscar Wells. Birmingham; J. Knox Fleming, Birmingham.
 Oscar Wells, president of the First ! National bank. welcomed the visitors to 1 the city in an appropriate address, in ! which he also discussed bank loans and the care that should be exercised in making them.
 Triton McLane of Pell City responded
 with what Is probably the shortest speech of the kind on record He said.
 we are awfully glad to be here. We hope to come again
 l SOUTH AMERICAN BUSINESS Arthur Rosenfeld, entomologst in
 the employ of the Argentine govern
 ment for several years, and the last two in charge of a large sugar planta-
 ton and sugar mill in that country
 who has been visiting his parents ir
 Birmingham since January, deferred his
 departure for South America one day al ithe request of Chairman Melton in order
 that he might talk South American bus mess with the bankers. He stated that ! sentiment in South America towards the
 United States had undergone great
 change since the little squabble with
 Mexico several years ago and our en- trance into the world war; that where
 as, they formerly feared this govern
 ment had aspirations towards terri
 torial aggressions to the south and they
 resented the big brother attitude this country assumed towards the Latin
 American countries, now they have
 quite a different feeling.
 He told the bankers that in order to do
 business with Latin Americans credits
 would have to be heightened by Ameri-
 cans and shortened by South America i; that the latter had been accustomed to I of years unti lthe war forced them to buy
 in the United States, ana that they are
 not new demanding such long credits. l Don't try to sell the South Ameri- cans anything until you know them and . their language was the advice hc urged the bankers to pass on to their , customers.
 UNDERWOOD'S ADDRESS Senator Oscar w. Underwood, discuss l ing the problems of reconstruction, stated that they would be greater than were
 those of the war and that the bankers of ehe country would have to solve some of the more important ones. The bank CTS he said, are the pilots of the great financial ship of the nation and thai
 their customers reflected their views He warned against too much pessimism or too much optimism.
 , enormous quantities of federal bank notes he said, were put in circulation 5 during the war, notes based .on the credit of the customers of the banks, credits jtbat the bankers had passed upon. These
 credits must be retired as they were
 made for war purposes. but they must bs replaced by others. he warned else there will be financial trouble. t4. The bankers he said. would require nerve during the next 12 months. If they
 lose that it may mean disaster to the country, he added.
 He said the bankers must carry over
 the iron industry. building operations and
 the railroads Reverting to the defea'
 of the deficiency appropriation bill bN
 the fillibuster in the Senate he said the government owed the railroads for haul ing the soldiers and supplies and thai upon the failure of the bill to pass it had to reach down in it's pockets to pay the 1 roads; that the $75o, 100000 for the rail
 roads was not to pay their operating , 1 expenses. but was to have gone to the1l ! capital account to pay for new equipmen and new track, and would have been re- paid by the railroads
 D. F. Green, state bank examiner, mad short talk in which he asked the bank | CTS to cooperate with him in makin'
 his administration. success. and ex . pressed the hope that not a bank in thu : state would be forced to close it's door during his term. ttHt
 THE BOIL WEEVIL
 , nr w Es IJinds entoinologist at tn