The Dawson news. (Dawson, Ga.) 1889-current, 1924-04-29
BANKERS ARE BACK
FROM BIG CONVENTION
TOO MANY REGULATORS" ON
THE JOB, THEY ARE TOLD.
TWO STRONG ADDRESSES.


Dawson bankers who attended the
annual convention OF the Georgia
Bankers Association at Augusta the
past week returned home Sunday, and
report that it was one of the best and
most interesting meetings that organ
ization has ever held Those who went
from here were r. L. Saville. {. d.
Cooke and H. A. Petty.
Besides the social features, which
were all that could have been desired,
several notable addresses by strong
men were heard.
Too Much Tampering Going On.
A feature of the convention was an
address bv Walter w Head, presl-
dent OF the American Bankers Asso-
citation and president OF the Omaha
National bank, OF Omaha Neb,
Owe must quit tampering,' Mr.
Head declared. when we decry tam
pering we do not deprecate progress;
when we oppose tampering we do
not oppose the acceptance OF all that
IS new. We do not tamper when we
build new structure firmly, on
solid foundation. Progress results
from we'll seasoned, constructive et-
forts"
The speaker pointed out that there
are some today who would tamper
with the gold as a money standard
which. he said, the people OF every
civilized nation have come, sooner or
later to recognize as the most satis-
factory medium of exchange
Fiat Money Fallacy.
"Also the fallacy Of a fiat money
money made valuable by mere dictum
of governments a bit of tampering
of particular interest to bankers" Mr..
Head stated. Fortunately. today, we
do not have to depend upon memory
or history to know the evil results OF
fiat money. We may realize the GER
tain outcomes OF this economic mad
ness by even casual survey OF con-
ditions in Germany and Russia since
the world war"
The tendency OF over regulation by
government-over regulation OF busl-
ness and the affairs OF individual citl-
zens-was pointed out by Mr.. Head
as another example OF misguided
tampering with which we are affiict-
ed
The railroads. he said, are the out
standing example of extremes OF regu-
lation. and declared that they ARE
subject to orders OF two federal COM
missions and forty-eight state COM
missions, congress and the president,
forty-eight governors and forty-eght
legislatures.
He declared that the cost OF paying
the thousands of government officials
and employees whose work consists OF
Regulating the rest OF our people IS
enormous.
"Out of six days we labor one days
labor. on the average, goes to pay the
cost OF government and living. eX-
Denses of hundreds of thousands OF
government officials and employees
who are devoted TO regulating the rest
OF the people" the speaker stated.
"Tampering and truth are natural
enemies and truth prevails when gwen
A fair chance. AS business men we
must be awake and as citizens we
must be alert. We must not accept the
leadership Of those who busy them
selves unwisely or oficiously. We
must quit tampering" he concluded.
Farmer Gets Too Much Advice.
lanes Peters, president OF the Geor-
gia Bankers Association, told the con-
vention that the average Georgia farm
err knows better by far how to con-
duct his farm than any farmer-banker.
He said that they should give the
farmer encouragement but not advice.
He declared too much harmful adj
vice has been given the farmer al
ready"
Limit by constitutional amendment
the taxing power OF sub divisions OF
the states taxing bodies is urged by
Mr.. Peters. He said that cotton would
continue to be the major money crop
of the state.
Endorse Mellon Tax Plan.
Before adjournment the bankers
went on record as favoring the Mellon
tax program and voted to inform
Georgia,s senators and representatives
of their action with the admoniton to
stop playing politics and support the
IN II,