The Washington times., 1911-10-10
REACH AGREEMENT
p. ON BANK EXAMINER
FOR LOCAL BANKS
Amended Plans Reduce Ex-
penses to Bankers-Local
Stock Market.

After the adjournment of the Dis
trict Bankers Association last night
the executive council and the COM
mittee on examination held a meet
ing at which great progress was made
toward a settlement of the entire
matter.
The proposition that seemed to meet
the approval of the fiscal representa-
tives there present, was to have the
Bankers Association secure a report
from Examiner Ham Of the Comp
trolIer of the Currencys office in the
event of any bank being in a danger
Gus condition.
Mr.. Ham is one of the aggressive,
capable men of the Comptroller's
force and is recognized as a success
ful deliver into conditions. Whenever
he makes a report. on the condition
of a bank, that report will be sent
to the president of the institution and
presented to the directors for their
information. When, in the opinion of
Mr.. Ham the condition of bank is
DANGEROUS the committee on examina-
ton of the Bankers Association will
be notified, and the committee will
take steps to have the matter COM
plained of eradicated, or remedied so
that the danger will be removed, or
the clearing house will be called upon
to refuse the delinquent clearing
rights.
This does away with the employ
ment OF a private examiner with the
extra salary. does away with having
to enforce edicts other than as eman-
ating from a sworn and bonded en-
pIoye of the Comptroller's office,
throughly familiar with conditions In
every bank in the city.
1t also destroys the hopes OF half
dozen candidates for the position OF
Washington and is upholding the rul-
ings and policies Of Comptroller Muir
ray with both hands.
Representatives of banks that are
members of the clearing house on the
Joint committee gave theif approval to
This ulan, So that 1t is apparent the
rocks that beset the channel have been
removed.
II is Intended to employ one clerk. In
all probability a credit bureau Will be
worked out in connection with this po-
sitition. so that the banks Will be bene-
fited Sv this even as much or more
than by the insurance OF the examiner
feature.
The clerk Of the Bankers Association
will probably be expected TO accompany
Examiner Ham on his rounds and pre-
mare credit sheets Of large loans, aggre-
gate loans, etc. from information thus
obtained This feature has not been ruily
decided upon but will come up at the
next meeting. and will probably De
adopted.
TIE capital Of the proposed new Sc
curity National Bank has been over
suhscribed and no further subscriptions
are being solicited. 1t Is expected that
the prOmo:ers will ask for a chartcr
from the Government under the nation
nj banking act this week.
Location has not been finally settled
several downtown sites Icing consid-
cred, although 1t is said that Ninth
street northwest location is favored.
There was a good broad market In
local securities. both In bonds and
stocks. It was an investment inquiry
and continued satisfactory.
Railway common was firm at 40 and
the preferred at SO. Lanston sold at
9OIk. with small lots somewhat better.
One transaction was reported in Mer-
genthaler, a small lot at 2S2. another
new high. Gas, S7h to S7& and firm
Bank stocks moved more freely, but
showed no change in prices. District
National. 133 to 1884; Union Trust, l42,
and American Security, 2S6.
Bonds were strong at 10 for Gas 5'3
and 101S for Potomac Consolidated.
while Chesapeake and Potomac ss
brought 103h.