Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-10-22
CANT losses resulting from govern
ment operation of the railroads.
Immigration Caution Urged.

CANT losses resulting from govern
ment operation Of the railroads.
Z Immigration Caution Urged.
: While favoring immigration as q
), means of preventing labor shortage
= and enabling the development OF re-
I. sources. the committee report as
Z adopted recommended caution in the
admittance of aliens, in order that
the country's welfare and its ideals
y. might be safeguarded a fiya-year
highways was Endorsed. The report,
in conclusion. expressed the opinion
that the United States faced an-era
of world leadership and prosperity
which could only be lost by internal
strife or failure of national leader
ship"
A resolution expressing the gratifi-
cation of the association for the well
come given it by Washington was
included in the report. as follows:
AT the conclusion of its forty-sixth
annual convention, the American
on record its recognition not only
= of the gracious hospitality of its
, hosts, the District of Columbia Bank
ers' Association, but. as well. of the
highly efficient handling in every way
of the convention arrangements The
welcome extended and emphasized to
! the thousands of bankers from all
over the country will in itself make
this gathering a lastingly delightful
I memory.
: carefully made and fully carried out
! have rendered the social functions OF
( the convention notable, and similar
attention has marked every detail OF
! thoughtfulneSS on the part of the To-
cal bankers in connection with the
conventions business. To the various
local committees and their many able
co-workers on such a large and enec-
tive scale the association extends its
heartiesI thanks and sincere appre-
citation"
Important Reports Heard.
= The program today included the re-
port of the legislative committee sub
mftted by NJ. A Trayior, the report OF
the insurance committee by George A.
Holderness and the report of the COM
mittee on federal reserve membership
committee; campaign by j. H Puelicher.
Addresses were delivered by Oscar
Wells, president of the First National
Bank, Birmingham, Ala, on Federal
: Reserve Banks" by H. w. Robinson,
president of the First National Bank of
Los Angeles. Cal, on Commodity
I nancing." and BY George Wooarun'
! Joliet, H.. on 1.-The Country Bankers
Problems
/ Mr. Robinson. who was chairman
} of the United States bituminous coal
/ commission. in his address said that
financing the farmers of the country
: in the marketing of their crops de-
mands new methods of extending
f; credit so as to prevent unjust price
depreciation. A change in the bank
ers' point of view and the establish
/, marketing agencies were suggested
] as means for improving present con-
ditions.
Bankers Must Aid Farmers.
There are many evidences" declar-
ed MIR. Robinson, "of growing diSsatiS-
. faction on the part of the producers
, Of many commodities, who claim that
by bankers or those in control of
credit facilities, and there is constant
I, agitation by such producers for an
extension Of the principles of coop
erative marketing to remedy or at
least relieve the situation
Bankers must meet this problem.
There must be a modification of the
/. old attitude. Whether this should be
done through banking machinery or
through proper cooperative market
ing remains to be decided. However.
! some method must be devised for re-
ducing the pressure on the producer
which forces him to dispose Of his
!! crop, either at the moment the harv-
est Is completed. or while its move
ment is under way. as this has been
too often used as a means for price
depreciation. Methods also must be
discovered for lowering the cost of
financing him."
The tendency Of the cooperative or
ganizations of producers is toward
use of their great power to the dis
advantage OF other producers, Mt.
tRobinson said
An invitation to hold the next an
snual convention Of the association in
fT.oa An1elee Wna nrAaantAd to flrn CON-
;vention. The administrative commit
tee in January settles upon the time
sand place OF the next ednyentiun, It
was said.
Indorsemsnt of the federal reserve
system and \ pledge to aid the Ma
stional Railway Equipment Corpor-
alton, organised to help the carriers
obtsin equipment. were features of
the closing sessions of the group
meetings Of the American Bankers
Association yesterday, afternoon.
The federal reserve system was
given unstinted praise by the ma
}tionAl banker1' group in resolutions
adopted at its final meeting, while
the approval of tina equipment cor
:poration and the pledge to go before
the state legislatures where necessary
to obtain revision Of laws prohibiting
investment Of trust funds in such Sc
curitieS were voted by the savings
banks section. The action was based
on the increased values given all rail-
road securities through creation Of
tho equipment corporation. the reso-
linton said