The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-05-12

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It had conditions existent when
lie entire state would have been
speaker of the final session of
Chisca.
Vance J. Alexander, cashier of the
Cumberland Valley National bank OF
Nashville, was named president TO sue
coed S f. Thomas, Of Brownsville. Next
In importance to the selection OF Mr.
Alexander was the choice Of r. e.
Mooney, vice president of the City Ma
tional bank Of Knoxville, as chairman
Of the executive committee, II is quite
likely that MIR. Mooney at the 1921 con-
ventton will be named president as this
process is traditional in the assocla-
ton.
Vice presidents, West Tennessee. @.
l.. Lewis, cashier Bank Of Crockett,
Bells; Middle Tennessee, r. T. Bell,
Trust company Murfreesboro; East
Tennessee, w. O. Whittle. cashier Union
National bank, Knoxville.
, Treasurer, r. II. Ayers, Jr, cashier
Bank OF Springhill, Springhill. He sue
ceeds J. il. Harrison. OF Milan. The
secretary will be named by the execu-
tive board II. G. Huddleston, NASH
vile. at present occupies that office.
IL is highly probable that he will con-
tinue, officials said. Named as new
members of the executive board in adj
dition to Mr.. Mooney, were:
Peter Eye, cashier Upton County
Farmers and Union bank. Covington,
three years J.. j. Pardue president
Chcatam County bank, Ashland City.
three years, one TO fill unexplred term
Of MIR. Alexander; w. H. Hale, Lebanon
National bank. Lebanon. one year
Memphian Holds Over.
Members of the executive board who
continue are: II. Il. Jones, Dominion
National bank, Bristol; l.. c. Humes.
Memphis; r. II. Carroll, Peoples Saw
ings Bank and Trust company, Jack
son, H G, Black, City National bank
johnson city; H. @. Kittrell, Farmers
and Merchants bank. Mount Pleasant
The executive committee win meet
in the office OF the secretary at Nash
vile, Feb g. 1921, 10 decide the dfuu
and place for the next convention
Probably the most important action
| OF the convention early Wednesday was
terest in Tennessee. Following sug-
gestions by w A. Sadd, Chattano0Ea,
chairman Of the legislative committee,
that the body go on record rs favorinE
legislation increasing the present rate,
a Wye voce vote favored eight per cent
instead Of the present six per cent.
This subject was included in a resolu-
ton introduced TO be acted on among
the final business of the convention.
The stamp of disapproval on the pro-
posed soldier bonus bill, now before
congress, was included in a resolution
also to be acted on in the closing mo-
ments, Other resolutions favored re-
form in the method now in force by
federal reserve banks in check coIlec-
tons and an Increase in salary OF the
state bank superintendent,
The states mind had been diverted
from finance when the present admin
istration entered office Gov. Roberts
declared. He, with his fellow officials,
found revision and immediate action
on the tax question necessary. he said.
Otherwise a deplorable condition, not
yet impossible. the executive averred,
would have eventuated.
Gives Percentages.
Gov. Roberts, withholding the names
Of counties, gave figures from sur
vey taken by the state showing per-
centage OF tax assessments in the 81
counties This survey, he stated was
made on what was termed just valu-
alton Of 100 per cent and that a di-
yergence Of magnitude was discovered.
one county ran as low as IA per cent
as compared with IS for another. the
ratio taken from "A standard applied
by the Investigators. West Tennessee,
the governor said, showed differences
Of 10 per cent to AZ per cent.
al
cent and in direct violation of the con-
stitution, he pointed out The people
should have "a greater love for this
charter Of liberty" he declared. Ths
governor advocated a single tax ma-
chine that will zee that assessments
are uniform"
Ties that Bind" was the subject OF
n paper read by John O. Lonsdale, for
mer Memphian, now president OF the
National Bank Of Commerce of st.
Louis He pleaded with the bankers
10 be courteous. to make friends as
the bank now governed the prosperity
Of the community as well as having
its growth and prosperity governed by
it's patrons. Tho federal reserve saved
the South Mr.. Lonsdale stated, II was
placed the South in desperate straits
several years ago, when cotton went
for n song 1t was underfnance. he
set forth. Now the South can be and
Is financed by the federal reserve sys-
TEN and the planter can put his cotton
TO market at the opportune time instead
Of rushing IL along 10 the consumer for
most any price.
The state bank section was 10 meet
Wednesday afternoon to elect Officers.
r. ?, Summers, Rogersville, is presi-
dent and w. H. Armitage, Greenville
Included IN entertainment features
Wednesday were a reception at the
Memphis Country club.
Lots Of fun, more cheering and some
excitement was provided Tuesday
night al the boxing carnival at the
Southern Athletic club. where several
bouts were staged. Tuesday afternoon
found the Steamer Majestic crowded to
the rails for the river excursion. Many
Of the visitors appeared with sleepy
look Wednesday morning. They were
among the last 10 leave the ball at
the Chisca Tuesday night or rather
hours past midnight. but everyone had
something TO say about the enjoyable
time.
Ar IFn nFRHNkn MAN