Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-10-02
TO PLAN CAMPAIGN
AGAINST BRANCH BANKS
Metropolitan Institutions to
Wage Fight on Proposed
Resolution.
DISCUSS EUROPEAN rnonI.I:MS
'h"m"s u. Mrthnms. President. out
lines Matters 4" '"mr U-f"rc
Meeting.

NEW YORK. oct. l-Dn tho ov. @,
"ndt promises I" b.. tn" largest and
most important forty-.igh,h an
i'i!ai convention ~ TIA" American
Bankers Association. which opons
tomorrow. ind"ucudcnt bankers rcr-
f"S"ntiHG a!l sections of the country
met In preliminary session today and
planned :, campaign 10 put th- gath
"rins "u r"c"rd against the .st.b-
IShm"nt ~ branch hanks by the
ArS"r national banking houses
T"day's preliminary session as
su'n"i the proportion uf mass
meeting Win bankers delegates
from many cities. and an,Ibranch
h"ahTuhri'rs has been established in
TIA" h.!imur" ii"t"l hy IN" Chicago
and cook County Enuhcr- Assocla-
don
nraurh Hank rInu
IN" "auh"rs a; t"Lays meeting
"rcih"d :" att'rul, :" force 'iIroug h
"a" ""HN"nti"n u resolution placing
The organization an record as against
Tie branch bank plan. hy which ma
ii"nni banks Ia the larger ,iiirs may
maintain establishments In other
"Iti"s "nd towns They also VIII
seek !" hay" 80" body dlsaupruvc hv
resolution ia" alleged support OF
ms plan 'y l. Il; criSsinsrr. Comp
iiniI'r "i iur rr"n-urs III" branch
i""N PLAZA. ih"y contend. threatens
absorption II not destruction a.,
stat" and Independent nrnks ami
iruSi cpHpAmi"s la smaller ruinmu,,i-
ties. with thr result Hut ia" mc,r,-
H"tI''n banks wiU ultimately d.ui-
nat" The financial conditions ia ,h.s.
territories
i:anE"rs ot tho larger cities. par-
'''"'arIy New York. are -Np-ctci To
"as" SIN tGht - prevent adop-
ft"n oi ia" proposed resolution.
pol. "i nuan'irrs gathering ;or
TIA" c"uvrni,"n Indicates unau!u.,.
substitution wlth the nations pro-
gram upward from the valley @,
i"St-wht depression ana a belief tl.nt
az I"'Si i"" wears "f good business
lie ahead. That The pgusr.ruus era
""MfN"r' IA not v"noir.! the pro-
portions az = BOOM" was the con-
v!cii"n "f the hnn.-rS. sn.aNip. ~
conditions In Federal rrsrrv. ala.
lr'"tS "t the East. SUutl. amL MId,i.
West
r"" Outstanding ProbIcmS"
Almost without exception. they
expressed a h"iirf that th- I'uIt.J
states. Tor It's own w-Ifurr must
'"nC"r" iiS"l; more industrinuslv
With ia" r"juvrnaIiou "t Europe.
Tw" outstanding pr"hlrmS p.r.
il"A us said Thomas A. McAd,us
"i Richmond. Va. president ni ih,
national aSSocihtion ''rs.-, ar, th.
'n'HiSirinl controversy ana unrest ar
nom" and International financial an.
hculiieS abroad. To these problem.
"e viii address ourselves win, nm.
miSiakabic. Nigor"
Robert r. MuII,x a., ,,l,,, ,
i"rmrr president of tn" bankers
''"h' iIndS the South is rap
ihiN recovering from tn" recent de-
preston" Having learned m. ~
r"rtancc of div"rsifyinE her crnns
she soon VIII recover her l,ss,,
through raising more live stock and
developing her dairAing business
Loans I" member banks in the sixth
Federal Reserve District have been
i'"hc"d In iw" years from SlSo.00o :
90" I" t3o.oO0.ou0. hc pointed oui
concluding:
Labor is well employed: whale
sale and retail trade is satisfactory.
huildinr operations are on "a larro
scale: collections are good: money is
III ampi" supply at reasonable rates
Tor All worthy enterprises aud with
Inc farming class more cheerful tho
south faces the future with courage
aud confidence"
Much Progress Made.
Speaking for tho Middle Missis-
Sippi Valley territory. r.. T.. Swinpev
Of Kansas city. Mo. former prcsi.
dent Of the association. said:
Much progress has been made
Continued on Rage .. Col. 2)