Show BEFORE BANKERS former assistant se secretary detary of the treasury talks to virginians norfolk va june 21 rt the features of the second days session 0 of f the virginia state bankers association at the jamestown exposition were addresses by bv frank A and robert B armstrong arms trong of new york both former assistant secretaries of the tile treasury mr said that the period ahead of us its is one in which commercial activity will be cur curtailed and arid manufactures show a decrease there is rea really ily little division I 1 of well informed opinion tho the question that is desirable to consider Is only in relation to the extent of this cession recession re ro will it bo be but a dip lasting only a few months giving us but time to catch alir breath before ive we march on to renewed accomplish accomplishments mentz in this most wonderful development of the prosperity or Is there thare to bo be no more protracted and serious disturbance 1 I believe the answer to that lies wholly in the public mind and temper there is no inherent reasons in the conditions of agriculture trade industry and finance in the united slates states that would make necessary a of further disturbance and depression there are good influences that would lead load toward continued prosperity an and t renewed accomplishments throughout the fields of industry and commerce the business of the tile country i will t turn urn into one of those roads solely as the result of whether or not tho the public and the pit publics blies representatives are wise and patient or hasty and inconsiderate if the I 1 intricate n tr ir at 0 problem of railway regulation is worked out in a spirit of fairness and intelligence telli gence it the vastness of the problem is recognized if the involved relationships encountered are taken into account and the far reaching effects of paternal regulation when applied to so complicated a network are reckoned with and if intelligent understanding of the complications will lead to a a patient attitude towards results then I 1 believe we will resume the road toward further prosperity the moment that investors become convinced that the problem is to have fair and patient consideration in ill Us its solution we will start on that road again with full measured pace but if we are to have legislation based upon political advantage if wo we are to adopt socialistic theories which which will amount to the confiscation of property pro P erty rights if wo we are to have reprisals of past wrongs no matter how real if action Is the one t thing hing wanted first and the consideration of the tile intelligence and fairness of such action is to come forgard for vard r ard then th en r I 1 believe it is possible that the whole business structure may be facing a danger the proportion of which willbe measured by the same vast figures as have been the totals that have marked the extent of our prosperity |