Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-10-16
RICHMOND TAKES LEAD
IN FORWARD MOVEMENT
Speakers to Address Pupils
and Clear Up Mysteries of
Banking.
AUTHORITIES ArrnovE PA,
Intent OF Lectures Ii to Ac1unint
Children With Inner Workings OF
Hanks and to Make Them Feel ut
1iOmc.o


With tho return TO tho city yea
tcrday OF Colonel Thomas Il. Nc
Adams. vice president OF the Mer-
chants National Bank. kringing with
him from LOS Angeles the honor OF
the presidency Of the American
bankers Association. coupled with
Carter T.. Talnan. assistant cashier
OF the American National Bank. be-
ing elected vice prcsidcnt OF the
American Institute Of banking, At
Minneapolis. Richmond is taking the
lead of Southern cities In affairs H.
nancial.
Perhaps one OF the greatest for
ward movements of the American In
Stitutc of Banking. the educational
department OF the American Bankers
Association. la the inauguration Of
a series OF lectures in the schools Of
Richmond designed TO clear up tho
mysteries of banking.
Twenty bankers ON StnH.
Twenty OF the younger bankers Of
Richmond are on the STAFF of speakers
who throughout the winter will ad-
dress the school children of the city.
as part Of the curriculum, on what
goes on inside bank.
To many people the bank officer is
man apart, made unsympathetic by
the very nature Of his business, and
engaged In the most part in the art
OF making other peoples dollars roll
up fortune for himself. How he
does II they do not attempt to cN
plain. further than to suggest that he
has mastered some mysterious ar;
that is beyond their understanding.
and that he employs this art more
or less to their disadvantage. but
very much to his own personal gain.
Tho speakers will impress the
school children with the fact that
there is no mystery about banking.
and that everything a banker does is
as normal as the business OF the
merchant and AS pralscworthy as the
work of the skilled physician.
The lectures have tccn prepared By
the committee ON public education OF
the American Bankers Association.
The speakers will tell what bank
book or deposit book is. and explain
the way statements are rendered pa
irons Other subjects to he explained
include deposit tickets. bank checks.
Endorsement OF checks. demands and
time deposits. bank loans and dis
counts. how credit works. promissory
notes. credit and character. drafts
and letters of credit, travelers'
checks. how money is transferred to
foreign countries.
Trusts nnd Trust Corporations.
Those speaking on trusts and trust
corporations viii tell what executors
and administrators do. what the
duties OF trustees are. why corpora
lions are formed. and the duties of a
co-eSecutor and 4 co-trustcc.
Others will tell OF the workings of
savings banks, explain why II is
safety first" for boys and girls 10
save their pennies. while others will
speak on work and wealth and close
with an explanation OF what IS
money"
The idea of this educational cam
paign, which has the sanction of the
school authorities. Is TO make every
10y and girl acquainted with the
inner workings OF banking institu-
tons, so that when they enter the
doors of any bank they will feel per
fectly at home" instead of being
ovcrawed.
During last week tho first lectures
were delivered in several OF the
schools. At one school 500 boys and
girls were delighted with the brief,
but instructive, talk. made by Carter
L. Talman.
Richmond is tho only city in the
South at the present time enjoying
the advantages of the lecture on
banking, but the initial success of the
campaign here Will cause other cities
to follow in the footsteps OF the
city on the James"