The Washington times., 1911-11-19


before the expiration of the long period
the bank will be in its own home, on one
OF the very best corners In the city.
Congratulations are in order right
now.
Why this craze for hunting on the part
Of bank officials? The Riggs crowd
chased the elusive coon the other night.
President Hoover, of the National Saw
ings and Trust, was out after quail yes
terday, and Treasurer Henry, of the
United States Trust Company. heads q
the Alleghanies this week. Venison
steaks are rare. quail scarce, and coons
| shy.
1t is easier to talk Of making WASH
ington par city than II Ia to bring
1 this much to be desired condition into
existence. And yet It is a subject upon
which the District Bankers Associa-
making effort after effort until the
New York Clearing House comes on
| from its high horse and accords to our
| checks drawn on Washington banks the
same rights as accorded to Baltimore.
| Washington is too important q point
in the financial world, the very center
of Americas financial system, the man
| of redemption. the heart Of the nation.
The District Bankers Association
has accomplished much In the selection
practically insured the STABILITY of
| Washington banks and given assurance
to the New York Clearing House that
with this able official delving deeply
| all errors Of judgment and slips In
the interest of friends. will be eradd-
Gated Immediately. with Comptroller
Murray backing the examiner up and
| well satisfied with our banks and bank-
ers It ought not be such hard matter
| to convince New York bankers that We
are out of our swaddling clothes and
entitled to all rights.
1 UA 1rpft hat nr vnnf MS nm
| featuring city-but we employ more
high-priced labor in the great depart
ments Of Government than many q.
manufacturing city does in its fac
tories.
| II the bankers. through constant ef-
fort on this point, with the aid Of the
Comptroller. and with such important
Of Washington and New York. should
washington. even though 1t takes nvs
complished a worthy task and bettered
the position of the Capital In the fnan-
| cial world.
| Washington bankers welcome the ac-
ton of the Comptroller IN urging the
banks of the South to get busy and
make remittances on collections with
something like promptness. In this city
| the practice Is to forward collection
items on Washington the same day as
| received.
| Many Southern bankers make rrac-
| tice of obtaining three to five days use
| of the funds before making remittances.
| 1t is not business, and l. Is not right,
and should be stopped.
The District Bankers Association can
| do many things IL it will go at II In
| unison.
| Every minute of the big convention
| in New Orleans will be taken UP In
| business and pleasure. 1t is noted by
| the program that joy rides. street car
| rides, polo, French opera, boat rides to
| plantations. and big feeds thereon will
| occupy the greater part of tile days
| and part of the nights Then there Is
| to be a fate Champe;re. which seems to
| be a new way Of spelling it, and fire.
| works and other things. And, by way
! Of no harm, on the last day of the ses-
sion the bankers will visit the water
| works.. Fine!
| These conventions Of the American
| Bankers Association should be attend
| ed very generally by the members Of
| the fraternity. They really have sucn
high educational value.
1t would seem to be nothing more
| than the part of wisdom that some
! court should review the decisions of
the Interstate Commerce Commission.
Railroad attorneys have won but
mighty poor results from their extended
oratorical and learned contentious.