The Barre daily times. (Barre, Vt.) 1897-1959, 1922-02-23
State Association Ended
Convention in Barre
With Banquet
HOLLIS <. GRAY is
NEW PRESIDENT
William 7. Foster Of New
York Was Chief
Speaker

yention of the Vermont State Bankers
association which was held in Barre
yesterday. The principal address oi
the banquet. as well as of the entire
convention, was vigorous defense bs
William II. Foster OF New York OF the
gold standard as basis for the coun.
try's prosperity and progress. The con.
vention was considered by the dele
gates to be one Of the most enjoyable
and one of the most profitable they
had ever spent. The place for the
next convention will be decided later
by the executive council of the asso.
citation
Beginning at 3 o'clock yesterday aft
ernoon at the Quarry Bank hall. the
convention was in almost continuous
session until midnight last night,
events OF varied nature being crowd
ed into the space Of nine hours. The
business session was called 70 order
by Charles G.. Staples. president Of the
association, after which Rev. b. 9.
Lipsky, pastor Of the Hcdding Method
ist church, Barre, offered prayer. The
bankers were then welcomed to Barre
in brief talk by Mayor 7. E. Lang
ley.
Reports of Officers.
Reports were next in order and they
brought out interesting statements.
The treasurer, Harold P. Perkins of
Bethel, reported s24l.7s cash on hand,
with $500 in dues to be collected, the
collection having been delayed for rea-
sons given by the treasurer. Mr.. Per-
kins also made report Of the agricpi-
tural work, showing That Sl5S6 had
been collected and that excepting S2S7,
cash on hand, the amount had been
awarded in prizes to boys and girls
clubs.
II was voted by the convention to
continue this work again next year by
asking each bank TO contribute $40 to
the fund There were about half a
dozen gifts from outsiders, including
bonding houses and hanks in Boston.
The secretary, G. S. Webster of Bar
ton. reported that l02 Of the los banks
in Vermont are members OF the asso-
citation.
President Staples Address.
President Staples, in making his an
nuai report, told of the work OF the as
sociation during the last year, of his
hopes for its future and Of cond
tions throughout the country. Mr..
Staples expressed the opinion that Eu-
rope is practically bankrupt and that
ii il for the United States to use
little lenicncy and consideration in
settling its accounts with her. Europe
cannot be forced to the wall, he said,
and at the same time recover from
present conditions sufficiently to pay
her obligations to the United States.
Pres. Staples dwelt on the need OF
change in the state tax laws as they
affect bank stock.
The presidents address was followed
by the reading OF +. l.. Ingalls, report
of the work of the committee on agTi-
culture, the report being read by II. c.
Woodruff of Montpelier. There are
| PSI children as members of the clubs
and the proceeds from sales Of produce
raised by them amounted TO $35,6aS,
on which the net profit was $4,000
The report spoke Of the excellent SHOW
ing made at the Eastern States expo
sition in Springfield, Mass. The report
was accepted and il was voted 10 con-
tinue the work another year.
Professor Archie n. Peisch of the
Amos Tuck School Of Business Admin
istrstion, Dartmouth college, told of
some present day conditions that con-
front the bankers. He said bankers are
,loser in touch with affairs than any
other professional class. r. w. Hill,
secretary of the educational commit
Zee of the American Bankers associa-
lion. told OF accomplishments Of that
association and urged on the Vermont
bankers the importance Of scquainting
young and old with the merits Of
banks and banking
New officers.
The report of the nominating com
nittee, naming the following officers |
or the ensuing year. was accepted and
adopted:
President, Hollis y. Gray, winoOsli |
Ipostoflice address, Burlingtoni.
Vice president. {. L. LeBourveau,
White River Junction.
Secretary. c. : Webster. Barton.
Treasurer. II. p. Perkins, Bethel.
Executive committee. J. H. McCar
en-. Newport, G. VI. Wiley. Barre. /
Iarrie Hall, Burlington, and Henry /
sushinp, Woodstock
Legislative committee. G. v. Lowe.
A y. Watson. White Riv.
T Junction, c. w. Brownell, Burling
ON.
Agriculture committee. II. G. Wood
uf. Montpelier. chairman.
The members Of the American Bank
r. association held a short meeting.
1 which c. G. Staples was elected a
ice president Of that organization: W.
+. johnson Of Barre. a member Of the
Iominating committee. with Bruce
'orliss Of st. Albans a. alternate.
ohm Branch. 81. Of 81. Albans. secre.
AIRY Of the trust company division Of
he national organization; B. r. Bris- {.
d Of Burlington. secretary to the sax-
acs hank division. L. IT, Bixby of
Iontpelier. secretary 10 the national
.ank divisions A. u. Chandler. Bellows
ais. secretary to the state hank d.
Isles.
Luncheon, cigars and Program.
The business meetings Of the after
con were followed BY 3 bufIet iuuci
on and cicars duung which time an
specially pleasing program vas fur
ishad hv Barre entertainers Pred In
bis. accompanied hy Mis- Marion Dor j
gCoatiEnsi on eighth page