The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1919-09-09
v. f. RAMSEY TELLS
BANKERS UNREST IN
j S. DUE IN PART
TO EXTRAVAGANCE
Says Nations, States and Individ.
uals Developed Mental State
During War in Which Too
Much Money Was Spent.
HOPES FOR A SPEEDY
RECOVERY FROM ILLS
Rupert F. Asplund, and DR.. David
s. Hill Also Address Morning
Session-Women and Some OF
Delegates Go 10 Isleta.

Judge W. +. Ramsey. chairman OF
the board Of directors Of the Federal
Reserve bank at Dallas in his adj
dress upon "The Duty Of the Hour
at the- morning session of the New
Mcxico Bankers convention today
spoke of the chaotic mental state Of
the nation developed DURING the war
Ia which too much money WIS spent,
rs individuals. a4 states. and as ma
tions He gave hope Of o speedy re-
covery from this state or cxtravR-
gance. and said that the bankers In
their positions as conservators of the
nations finance could do much to-
ward relieving tac situation.
Ramsey discussed at length tho
present economic and industrial con
ditions facing tho people of the Unit
ed States during the reconstruction
period following the war, touched on
the readjustment Of conditions to M
the present situation ana particularly
of tho duties of every citizen individ-
ually to play his part In this great
tasH,
HEAR Committee REPORTS.
The accond days session ~ the
convention at the Chamber of Com
mercc was opened with a meeting Of
the executive committee, az which
Roy zimmerman. the chairman. made
his report This was followed imme-
diately by the legislative comm.ttee
during which an extended discussion
OF conditions throughout the state ns
thcv pertain 10 the banking business
Wus held torethar with suggestions
and Recommendations by Chairman
Ssllrmnn and the members or the
committee.
Rupsrt n Avplund. director OF the
I TaXusvers' nssocigtion OF New Mex
I Tor an address, ON "Taxatlon" " but
/ ,,bo op account ~ tho LENGTHY pro-
gram. did NOT deliver his address.
spoKe this morning.
other spopkert on the morning
I ,r,,.,',f, inrrrted Br pnyid spence
Inn pregident Of the New Nexiro
/ state University ON "Recent Anpflca-
+ lions of Research In business ="
Dr IIin SUnkS
"Thr vccfut Npt.irntlnn of Re-
I search in Rusiuos.'" was the subject
ON wh.rI pr uUll smoke. showing
now thc mpteriai md commercial
! N.if.rr .f me country are dependent
Tor u,Ir success upon the hhrbors
| of science.
TN. vslue of research and scientific
l invpetlraflou as carried ON hy Ameri-
nm unly.tg4lties is NOT nlwnvs under
/ stood aud uuproclutpd nv those very
\ bu..iness Interests ,or witch 10 labor,
and the -lpport OF which education
ID, institutions must have" said Dr
Inn '.Th. work nf the chemist 10
hr nhorutnry. aud al the discover.
irs OF meinlirugy mnSe possible atec
shlps. and AN the Industries depend
upon the mustcry uf such knowledge.
In sufaEinr on the industrial un
rest pr nm dcplor.d the passing o
the yauahIc apprentice shin system
stating thar there WAS an insuincicn
.tupiy of trained labor. More mcl
and women must be nttod to carry oi
industrial labor I'VE have apecin
cations for machines ana not fo
men" was a statement which rcceiV
ed henry assent.
out Of one thousand salesmel
hired hy large house IN one yea
So per cent quit before the year, aul
only 10 per cent remained TO MAX
ihe cNpcnse 81 their hire worth while
That such Industrial losses vouid b.
avoided hy the application OF re
r search In vocational training, was IN
= Idea OF pr iIin
GO 90 I-lt.n.
Z The visiting ladies', as well as
, number of the delegates 70 the con
. voutlun were taken 90 lsleta mi
, morning where an entertainment &