The herald and news. [volume] (Newberry S.C.) 1903-1937, 1920-06-25
BANKERS DISCUSS
ECONOMIC OUTLOOK
Encouragement to Agricultural In.
terests Favored-Social Events
Enjoyed.

of a resolution advocating a policy
Of encouragement to the agricultural
interests of the state, discussions Of
economic subjects by leading bank
ers and enjoyable social events for
visiting women were features Of in
terest at the first days session Of the
twentieth annual convention of the
South Carolina Bankers association
here today.
At a meeting held this afternoon
at the close of the State Bankers as
sociation, vice presidents OF the
American Bankers association OF
South Carolina were elected as fol-
lows: Vice president Of the Amer-
can Bankers association Of South
Carolina, J. I. Hazard Of George
town; vice president of the trust
company section, A. B. A., j. Arthur
johnson of Charleston; vice president
of the savings bank section, w. 9.
Beacham of Greenville; vice presl-
dent of the national bank section, D.
A. Spivey of Conway: vice president
of the state bank section, Lee G.. Hol-
leman of Anderson; member OF the
nominating committee, A. B. A., u.
P. Grice of Charleston; alternate, j.
P. Matthews of Columbia.
Addresses IF Welcome.
The bankers were welcomed to
Greenville at the opening Of the con-
vention by Marshall Provost, mem
ber of the city council; w. c. Beach,
am. president of the Greenwlle
Clearing house, and R: !: Woodslde,
president of the Woodside National
bank. The response was made by II.
L. Hardin of Charleston. -.
A. E. Padgett of Edgefeld, presl-
dent of the association, in his adj
dress to the convention at the morn
ine session, discussed in detail ,co-
nomic problems of the presel. ~
and suggested various progrt i've
measures, advocating the lending OF
money for constructive purposes as
opposed to speculative purposes;
The financial report was made by
Lee G. Holleman Of Anderson, sec
retary.
The Importance of education and
the development 81 South Carolina
manhood through educational meth
DDS was stressed in short talk by
DR.. W. J. McGlothin, president OF
Furman university. >
An address by Thomas B., Me-
Adams, vice president Of the Ariierl-
can Bankers association Of Rlch-
mond, Va, was read to the conver-
tion, Mr.. McAdams not being able to
attend the sessions here. This ad-
dress outlined the general policies OF
the association.
Condition Of Country Good.
At the afternoon session Col.
John E. Gardin of New York, chair
man of the board Of the Internation-
al Banking corporation, and repre-
sentative of the National City bonk,
addressed the convention. He said
the financial and economic condition
of the country could not be better
than now. He said that the unrest
which is now in evidence all over the
country is merely the seething Of the
cauldron out of which will come the
pure metal in all it's beauty.
Charles E. Lodbell of Washington,
farm loan commissioner, in an adj
dress before the convention, urged
the encouragement Of conservative
American citizenship by increasing
the number Of people who owned
their own homes and farms, and to
accomplish this he advocated that
the bankers use great discretion in
making loans in order to avoid loans
for purely speculative purposes, 80
that money could be available for
solid investments, such as home pur-
chases.