The Washington times., 1911-02-12
WASHINGTON CLEARINGS
SHOW LARGE INCREASE
Habit of National Bank and Trust Company Ailiation Is
Increasing Training Future Bank Presdents-Local
Security Market Continues Active
By I. A. FLEMING.

I There is also a speaking acquaintance
between the Columbia National and the
washington Loan and Trust Company
| while the Chicago habit has not de-
vsiopeo IN washington, close relations
| ship to 1t certainly exists in this city
and 1t will probably develop before very
| long, although the same Opportunities do
West.
Future heads Of Washington fiscal in
stltuuonS VIII be men trained and
grounded IN the principles of banking,
ano;,ia ano, tnerefore' thoroughly fitted for the
positlons they will hold and the duties
tney viii be called upon to perform.
Inc washington Chapter of the Amer
lcan Institute of Banking is composed
Of the city-the assistant cashiers. tell
eTs, Dookkeepers, etc. They are stu
dents OF their calling, and nothing
more thoroughly demonstrates this
young men on the lectures in the Course
gwen by the Washington Chapter, and
arranged for by the educational Commit
Tee OF which Joshua Evans, jr., of the
NsnonaI Bank, is chairman. with
a. b. Claxton, Harry V. HAYNES.
samuel j.. Henry, Ernest E. HerreII.
frank Stetson, and Edmund s. Wolfe
as associates.
The course this winter comprises
twenty-five lectures, including lee
lure on Bank Organization" by
Willis ]. Fowler, Deputy ComptroIIer
OF the currency, in charge of the or
s,ith ganiza.on a. department.. in connection
Last Thursday night Vice President
IaIoert, of the National City Bank Of
New York. delivered an Interesting ad-
oress on Loans and Discounts" which
was warmly received and will be widely
circulated all over the country N
future addresses by the same authoritv
0n Ine I'd instant Hon. George T..
RoDerts VIII talk to the chapter on
lash lash and Cash Reserves-Gold Pro-
Among other future subjects will be
Bank Examinations" "ForeiRn Fly
change, Public Credit" "Public Ex-
penditGrs. pdr5in1at:.",, Savings Banks Bank
Bonds" the latter by William
Exchange.
With such instruction under able
mentors ana the advantage Of everyday
practice In the banking business and the
example OF their superiors, it would be
surprising II the coming generation of
bankers were not particularly fitted for
taking up the tasks when the masters
Oh To-Day have finished their work.
W. A. II. Church. chairman of the
poard OF directors Of the CommerciaI
Bank, will leave tomorrow for
z much needed vacation in Florida, go
W. I. Galliher, president OF the Ameri-
can National Bank. after which Mr.
Church will go fishing and later cross
over to Cuba
Local securities have been acting well.
ne cage or the money market and the
reinvestment of funds contributed 10
make business better, both in stocks and
bonds, and the trade Is well distributed
throughout the list. Bonds are in espe- \
cially good demand by banks for short
time investments until there is an i'm
proVement In the demand for loans. Gas
IS appear to. be the most popular issue
At 1Oe1s for the prevailing price. other
issues are firm.
Washington Gas was the most actiye
stock in the share list. After the annual
meeting the stock rose to sou. with
small sales up to 81. Since then fhe
'rlce has declined to T9&, but there does
lot seem to be any great pressure to
sell Mergenthaler has made a 3 point
ldyance, easily. Traction shares firm.
With Railway and, Electric much less
lctlve and a bit easier.
Bank stocks continue to attract atten-
ion' the buying being of the Investment
rider. Prices steady.
Two new national banks will probabIv
'e launched in Washington before tba
nd OF February. =,