The Birmingham age-herald., 1924-05-16
STATE BANKERS OPEN SESSIONS
 IN BIRMINGHAM Many Prominent Members On Program For Three
 Day Meet sg VISITORS BUR ! INDUsy PLANTS Banoy shd Dance At G sy Club Friday
 Evening

Evening
 Termed by delegates as "one of the most concise and vivid explana- tions of the Dawes committees plan ever delivered" the address of George E. Roberts, vice president of the National City bank of New York, provided the feature of the Alabama Bankersl association con- vention, which opened a three-day session in Birmingham on Thurs day. Besides this address, of excep- tional interest to the delegates, was talk by George R. James, mem Der of the federal reserve board, which threw a new light on the serv- ice of the reserve system.
 HohenbArg Presides
 Mir. James was the second invited speaker "headlining" the initial meet ing of the convention in the ballroom of the Tutwiler hotel. Presided over by Adolph Hohenberg, president of the state organization, the meeting proved a successful and appropriate launching of the convention. After an inyoca- | tion by Dr. Henry Edmonds, and an address of welcome by Oscar Wells, president of the First National bank end vice president of the American Bankers association, business matters were speedily dispatched.
 Among other actions at this session Mir. Hohenberg appointed three com. mittees to function during the session These were: Resolutions, J. H. Foge U B. Barnett, Monreeville. and Frank Folmar, Troy. Nomination, J.. R 1! Moore, Gordo; ]. A. Ledbetter, Mont I gomery c. G. McMorris, Wetumpka Fl. c. Boyd, Talladega, and ], s. Ed dins. Den0pclis. Auditing, J. B. Byrd "A. M. Black Ge0rgiana, and Fran1 M- Mosely Union SRnings x Fridays Program [ Erffday'a program consists of the re ports of group consnlittees at the morn | ing session as we'll as two addresses Of note. The first of these, on "America'i Business Interest in EuFope's Revival, Twill be given by Benjamin M Anderson Jr., of the Chase National bank of NeN York, and the second, Present Day Problems of Inheritance Taxation" bJ Robert Griswold, vice president of thu Maryland Trust company, Baltimore. | Luncheon will be served visiting la dies at the R0ebuck Country club at 1 o'clock In this connection the com l nlittee in charge has asked ladies to as Isemble at the Tutwiler at noon, tn. Birmingham members to have machinel here at this time. ,f l Bankers, during the afternoon, vii make an Inspection tour of the stee Ipl9nts at Ensley and Fairfield, q, guests of George Gordon Crawford president of the Tennessee Coal, Iron and Railroad company.
 For the evening banquet and dane, at the Country club has been ar ranged.
 Roberts Address
 The address of George E. Roberts vice president of the National CitI bank, New York. atNthe Alabama Bank CTS association convention Thursday afternoon, was considered an exeelleni explanation of the reparatiOn problem In part his speech follows; ] "The Dawes committee was composed of two members representing each o the countries having reparatiOn de mands upon Germany, plus two mem bers from the United States. and whil' it doubtless would be too much to sal that its deliberations and findings wer' entirely free from the influences whiel have affected the deliberations of tn! allied governments in the past, it Il unquestionably true that they havG given consideration to the economic factor which those factors have not re ceived heretofore, and that in conse Iquence there is . much better prOInis, of settlement than ever before.
 I Tt is needless toysay that the whol, world is interested in settlement. Th' industry and trade of the world wa disorganized by the war, but while i lasted the enormous demands upon in dustry for war purposes gave an arti fieial support and stimulus to business After the war. governmental expendi lures eontinued on large scale fo several years and there was temporar, expansion of trade as the war restric l tions were removed and economics werv relaxed, but the conditions could no be maintained The pre-War trade re lations had not been restored and tn pre-wAr volume of international ex changes has not been reached to thi day.
 l "These are, the fundamental eondi tions of the situation. If the na tions of Europe desire prosperity fo' themselves they must seek to give l also to each other, including Germany
 If Germany thought she had any thing to gain by overrunning her neigh bors, she made q colossal mistake. ant it would have been mistake even i she had been victorious. And the eco homie laws which Germany violates are just the same with respect to tn, policies of the allied countries towart Germany as with respect to the pas I policies of Germany. Regardless o the condemnation visited upon Ger many for her past In starting the. war neither indignation nor resentment cal have any part in dictating a wise Set
 At the time of the appointment O the Dawes committee. Germany wal almost in state of collapse. The mod ern industrial organization pivotg upoi the standard of value upon the none tary system and if this monetary sys tenn breaks down there is paralysi and confusion everywhere and tn
 population quickly comes face to faci with starvation.
 ' "Whateyer happens about repara
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