Address of S. Davies Warfield ... On the Occasion of the Dinner Given in His Honor On Monday Evening, December 13, 1920, At the Waldorf-Astoria Hotel, New York; With Introductory Remarks of Hon. Myron T. Herrick And Letter From Former Senator Elihu Root

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Knox has allotted me — you will observe he has his gavel ready.
The last time I had the pleasure of meeting the mem- bership of your Association was at the time of its organization at Boston in April, 1920. Since then many things have happened, in both the savings bank and transportation world.
Together with you all, I sincerely regret the illness of Mr. Brock, your President. Mr. Brock has always given us all such generous and splendid cooperation in every direction.
Let me hope I may be entit
...led to some of the kind words expressed by Mr. Knox respecting the work that, not I, — all of us in the active management of the Association of security owners have attempted to ac- complish. To be frank, I regard the near future outlook as not reassuring to the investor in railroad securities.
The savings banks are closer to the public than any other class of investor. You represent millions of depositors. They put their money in your banks and expect you to take care of it in safe investments, and this you do.


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