The Birmingham age-herald., 1924-05-17
BANKERS WITNESS
 HUGE OPERATIONS OF STEEL PLANTS.
M. A. .Vincentelli, Slated
 AseNext President Of State Body

M. A. Vincentelli, president of the Alabama Bank and Trust company of Montgomery, is slated as the next head of the Alabama Bankers association, it was made certain Friday, when it was stated the organization, which is holding its convention in Birmingham, would follow the progressive system in select ing its president.
 Vineentelli will succeed Adolphe Ho- henberg. D. F. Bestor. IT,, of Mobile, and D. Q. Melvin of Selma are being mentioned as candidates for the vacant vice presidency, although no definite choice will be made until after the re- port of the nominating committee Sat urday morning.
 The report of this committee and the sessions committee, which is said to fla vor Mobile for the next convention, will be highlights in the final gathering of the three-day meet. Besides the clearing up of business and reports, however, two talks of interest are programmed.
 Patton To Speak
 Thomas B. Patton, general counsel of the American Bankers association, New York, will address bankers on 4The Safe Keeping of Customers Securities '' and the subject, "The Present Status of Par Collections" will be discussed by Charles Clairbone, vice president of the Whitney Central National bank, New Orleans.
 The attractive feature of Friday 's program was the trip through the Ems ley and Fairfield steel works of the Tennessee Coal, Iron and Railroad company, under the direction of George Gordon Crawford, president. Details of the huge operations of the plants, to- gether with, its sociology were investi- gated by the delegates with the result of an unanimous expression of a we'll spent afternoon. Friday evening ban quet was held at the Country club fol- lowed by an informal dance.
 Reports of group chairmen,S by T. O.. Sanford, Sheffield, and H. H. Mont gomery, Anniston, were given delegates during the morning session in the Tut 'wiler hotel ballroom. With these, re- ports of general interest, addresses by Benjamin NJ. Anderson, Jr., of the Chase National bank, New York, and Robert Griswold, vice president, Mary land Trust company Baltimore, were delivered.
 European Revival
 Anderson declared that New York banks were not municipal institutions, but establishments of the country. He said that the majority of officials were representatives from various sections of the country and he found Wall street a place where men drop local prej- udices and mould an international mind.
 In touching upon .America's interest in Europe's revival the speaker said !: The difficulties of the American farm CT grow out of the European situation. Agriculture has become an over-ex- banded industry not primarily because 1t has itself expanded, but because the manufacturing activity has contracted. Western Europe, which before the war was the worlds great center of manu- featuring and the worlds great market for farm products and ram materials, has lost her pre-war primacy in this matter and has left the rest of the world out of balance.p
 GFisw0ld's address on Present Day Problems of Inheritance Taxation" !" presented some well-founded informa- ton on the subject.