The times., 1901-06-19
AN ORGANIZATION OF BANKERS
Local Finnnciers Take steps to Be-
come Better Acuuainted.

AIN OhUANlAA AIlON Ut bhNhEho
Local Financiers Take steps to Be-
come Better Acquainted.
The most prominent bank officers in the
District, to the number of thirty or more,
and representing every local financial in
stitution with one or two exceptions, met
yesterday afternoon at o'clock in the
rooms of the Washington Stock Exchange
and agreed unanimously to form The
Bankers Association of the District OF
Columbia" a committee was appointed
to draft a constitution and bylaws and
it was agreed to meet and perfect the or
ganization on Tuesday of next week. The
association is to be a semi-business, semi
social organization. for the promotion of
closer relations among the financial insu-
tutions of the District.
The organization is the result of pre-
liminary work on the part of committee
composed of c. j. Bell, President of the
American Security and Trust Company;
Thomas Hyde, Vice President OF the
Riggs National Bank, and Clarence Nor
ment, President of the Central National
Bank. These gentlemen wrote to all the
banks and trust companies few weeks
ago, asking them If they wished to form
such n body. The replies were generally
favorable and the meeting for yesterday
was decided on. There has been no asso-
citation of the financial institutions of the
District up to the present time. although
such an organization exists in every other
city in the country of the size of Wash
ington, and in many of the smaller cities
and towns.
Mr. HYDE, of Riggs Bank, acted as
chairman Of the meeting. Mr.. Bell ex-
a. ha
ganization. He pointed out that 1t would
allow the members to become much bet
ter acquainted and yentured the opinion
that many of those present did not know
each other even by name. a general eX-
change of notes at this point showed MS
opinion well founded. In addition to such
social features as the body may decide
on. Mr.. Bell suggested number or dl-
rections in which the body Will be bene-
fetal in n business way. A third object
of the association, he stated, would be
to appoint representatives each year to
attend the National Bankers Contention.
He stated that II is not proposed to bind
the different organizations in any way
financially.
f. S. Parker, President of the Metro
politan Bank, spoke briefly in favor Of
the organization. He said that he be-
lieved the new organization would be
great benefit as a business body and a
promoter of pleasant intercourse among
the members.
\ number Of stories were told during
the meeting regarding the strange lack
of acquaintance among the prominent
bankers. 1t was discovered that two
gentlemen whose families have lived in
Washington for more than 100 years each
mad never met before. One is the vice
president of a prominent bank and the
other the president of another. Two
other bank presidents stated that they
mad had the pleasure of meeting for the
first time recently in Richmond, although
they have been in the banking business
here for many years.
The roll of all the local institutions
was then read and responded to in the
affirmative. with regard to the formation
Of the association. A motion directing
the Chairman, Mr.. Hyde, to appoint
committee on constitution and bylaws
was then adc1ted and the meeting ad-
journed, agreeing to meet on next Tues
day.
Mr.. Hyde appointed the following com
mittee soon after the meeting: C. J.
Bell, of the American Security and Trust
Company; l.. J. Davis, of Lewis Johnson
a. Co.: c. f. Norment, OF the Central
National Bank; e. j. Stellwagen. of the
Union Trust and Storage Company, and
George W. Brown, of Bell & Co. MIR
Hyde, as chairman of yesterdays meet
ing, VIII also act with the committee.
SIth Mr.. Hyde there are six members
two each representing the trust COM
panies. the national banks. and the pri-
vate banks This committee is directed
to formulate such a plan of organiZa-
ton as seems fitting and also TO make
nominations OF officers for the first year
If the organization.
Those present at the meeting were
5. Thomas Brown, President. and E. F.
Berry, Cashier, of the Farmers and Me
chanics' Bank; NJ. G. Emery, President
and John c. EckloG. Cashier. Of the Sec
ond National Bank; A X. Paris, of
Crane, Paris & Co.; c. j. Bell, of the
Davis and w. A Mearns, of Lewis John
son & Co. c. F. Norment, President OF
the Central Bank; +. J. Stelwagen, Presi-
dent of the Union Trust and Storage Co,
George w. Brown. of Bell & Co; George
c. Henning, President and John c. Athey.
Cashier, of the Traders Bank; l.. s
Parker, President of the Metropolitan
son, Cashier of the Columbia Bank; John
II. Moore. Vice President, West End
Bank: John JOY Edison, President, and
John II Swope Vice President of the
Washington Loan and Trust Co; Thomas
Hyde, Vice President, and w. j. Father,
Assistant Cashier of the Riggs Bank; T.
:. Johnson, President of the Citizens
Bank: J. B. Wilson. President of the Lin
coin Bank; F. II. Smith and John b. Sic
man, Cashier Union Savings Bank; l.. NJ
Saunders Washington Savings Bank, and
others. President James of the Bank Of
Washington: President Herrell. of the
National Capital Bank, and President