The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1921-08-30
BANKERS APPROVE CO-OPERA-
TIVE TOBACCO PLAN

LIVE AOOAOCU 11hN
LOUISVILLE, KY, Aug. 26.-Ap-
prevail of the cooperative tobacco
marketing plan was included in res
olutions passed Thursday at the final
session of the Kentucky State Bank
ers' Association.
The resolutions also approved the
international disarmament confer
ence, through which, according to
opinions expressed by the bankers,
prosperity will be assured, if the
conference is successful. The reso-
buttons also praised Congress for its
efforts Ito revise the Federal tax law
to the end that citizens may be re-
lieved of as much of the burden of
taxation as is consistent with the re.
quirements of the Government"
Declaring that efforts of the Fed
era1 Government to improve condi-
lions throughout the country would
be fruitless unless City, County and
State Governments are improved in
tone, the resolutions urged that bus
mess men serve in the City Councils
and the State Legislatures. A gen.
eral improvement of government will
be brought about only through the
efforts of the best citizens of the
State, it was declared.
The resolutions also advocated i'm
provements if Kentucky schools, and
sufficient appropriations for the Uni
versity of Kentucky and the normal
schools in order that capable teachers
may be employed to teach agricul-
ture, commerce, the arts and the sci
ences. They also approved the
movement for Better School Week
in the State early in September.
The association approved recon-
mendations by ]. s. >Crenshaw for CO.
operation between farm bureaus,
boards of commerce, county schools
and country banking associations.
Mr.. Crenshaw's speech also contained
approval Of the tobacco marketing
plan.
Officers elected a:e President,
Claude D. Minor. Perryville; vice
president of the National Bank Sec
ton, Frank I. Dugan, Louisville;
vice-president of the State Bank Sec
ton, c. N. Manning. Lexington:
treasurer, VIM. B. Grogan, Murray,
Harry G.. Smith, Louisville, was re-
elected secretary. E. P. Stun, Mad
isonville; L. D. Jones, Frankfort, and
elected members of the Executive
Committee for. three-year terms. S.
H. Boyle, Danville, was elected
chairman of the committee. T. Ken
nedy Helm Yves re-appointed attor-
ney for the association.
A. S. Whit, Winchester, was
elected vice-president of the Ken
lucky Section of the American Bank
ers' Association to succeed Mrs. G. E.
Hearin, Clay, KY. Other officers
elected were: Vice president of the
Trust Section, G. e. Best, Harrods-
burg; vice-president of the Savings
Bank Section, Hugh l.. Rose, Louis
Vile; vice-president for the National
Bank Section, A. M. Larkin, New
port; vice-president for the State
Bank Section, w. S. Snow, Provi-
dence.
Walter Howell, president of the
Federal Land Bank, Louisville, ex-
planned the details of the system,
which, he said, was a benefit to
country banks in that it brings adj
ditional capital to communities. The
bank has been short of funds but
next year will have $1,0O0,000 a
month to be distributed in Kentucky,
Ohio, Indiana and Tennessee.
Chas. w. Ellsworth, New Orleans,
contrasted the banker of the past
with the 1921 banker. The latter-day
banker, he said, is efficient and capa-
BILE. His Office is within easy reach
of the public. The man he has sue
ceeded was frigid and distant, he
explained.
Mr.. Crenshaw's speech, "The Bank
ers' Relation to the Farmer" asked |
for recognition of the farmers needs. |
1.-The farmer must work out his |
own salvation" Mr.. Crenshaw de- |
clared. ''It is useless for him to pass |
the hat and expect the public or the |
hat and expect the public or the Gov
eminent to make good his losses.
The farmer has never asked for
special privileges. He is not seeking
to establish a national agricultural
policy, or a place of harmony with
the best interests of all classes. All
he asks is that he be recognized in
his relationship with the transporter, |
the laborer, the manufacturer, the
and the financier. "The !
time has come for the bankers TO
form a closer relationship with the
farmers"